How to become a Freelance Financial Advisor


The gig economy isn’t just for creatives anymore, more and more professionals are turning to freelancing because it fits their needs and lifestyle. Freelance financial advisors offer in-demand skills and have the potential to be successful solopreneurs. As a freelance financial advisor, you can work with individuals or small businesses who do not have the resources available to hire full-time financial advisors. Your duties will include giving advice related to stocks, mutual funds and bonds, as well as helping with investment strategies. Here are some steps you can take if you’re thinking about becoming a freelance financial advisor:

Get qualifications:

In order to be a trustworthy financial advisor, you need to have the proper qualifications. The journey to becoming a financial advisor usually starts with a four year degree in finance or accounting. A Bachelor’s degree majoring in finance, economics, business, statistics or similar fields may be suitable. Taking courses in risk management, investment strategy, retirement and estate planning, and income tax are all useful for pursuing a career as a financial advisor. Learning about how people think and behave will help you assist your clients and make predictions about the market, so you might want to consider taking some course in psychology during your studies.

In order to attain proper certification in your country, you should ensure that your degree has the sufficient number of training hours to fulfill the requirement for certification. Proper certification to be a financial advisor is a little different in every country, in Canada you need to become a Certified Financial Planner. Check out the certification and the requirements to obtain it for your jurisdiction.

Get experience:

Often financial advisors start gaining experience during their studies by completing unpaid internships. An apprenticeship or internship might be required to obtain the proper certification in your country and they are a great way to make connections in the industry. Before striking out on your own as a freelance financial advisor, you need to get some additional experience before individuals or businesses will hire you. It is a good idea to work for a couple years in a traditional setting at a bank or an investment firm in order to gain the experience you need to become a freelancer. You could also consider doing some accounting as a volunteer for a charitable organization or NPO to gain additional experience.

Make a Business Plan:

In order to be a successful freelance financial advisor for the long haul, you’re going to need a plan. Making a business plan seems daunting and complicated but it doesn't have to be. There are a few step-by-step guides available online and plenty of books written on the subject. An easy way to get started is to outline your short term, medium term, and long term goals using the S.M.A.R.T system of goal setting, in which your goals are specific, measurable, attainable, relevant and time-based. At this stage it is also time to examine your finances and determine how much work you need to do and what rate you need to charge to keep your business afloat and have you living a comfortable lifestyle. When assessing your finances, do not forget include important items your plan and budget, such as insurance and taxes. While you’re making your business plan you should think about what business license you need to operate in your area, if you need to renew your credentials annually and plan accordingly.

At this point you should think about what your niche could be, it could be found in primarily working for a specific industry or offering specific services. You might decide on your niche based on your own experience or by identifying a need in your community. Finding your niche early on can set you up as an expert in that field and you will be better able to charge within it accordingly. When you are starting out as a freelance financial advisor, you need to decide what type of services you’ll offer and how you’ll charge for your services: hourly or by package rates.

Find Clients:

In order to get attention from potential clients, your new business will need a professional website. If you aren’t confident in your website building abilities, it might be worth it to hire a fellow freelancer to do it for you. Or you can check out some online resources for advice and guidance, but whatever you do: be sure that your website is professional looking and includes an explanation of your services, experience and credentials to entice clients to hire you. A good business website includes the following: what it is that you do, what makes you stand-out from others who also do what you do, where you are located, what your rates are, how you can be reached, as well as a few personal touches to draw people in.

When you’re just starting out as a freelancer, you can add your profile to freelance marketplaces to help clients find you easily. When using these type of sites, it might be tempting to lower your rate in order to get more jobs. Once more clients can find you, you will get more jobs; the more jobs you get, the more in-demand you will become and the higher you can raise your rate. However, do not get stuck in the habit of working for low pay and selling yourself short, offering services too cheaply is bad for business, feel free to say no to poorly paying jobs.


Anyone starting out in business knows that importances of networking, get out there and start connecting people. You will have already made connections during your studies, internships and at work and now is the time to use them. Let everyone from friends and family to former colleagues know what you are up to by sharing your progress across appropriate channels. Once your business website is up and running, be sure to include links to it on your social media platforms. Aside from cultivating your online presence, you should have business cards ready to hand out in real life when you meet prospective clients or other people who can pass your information on to someone who is looking for your services. If you’re not sure where to meet people to had out your business cards to, try attending local business events and joining local business associations.

If you already have credentials and experience as a financial advisor and are ready to move out of the traditional workforce and into the realm of freelancing, we hope this list helps you do so. Here at Sagegroupy, the freelancer’s friend, we love to help people find the freelancers they need to get tasks done; someone might be looking for a financial advisor today so be sure to create a profile with us so that they can find you.

Authour: S.Suzuyama

Posted in Freelancing For Beginners on May 27, 2019

Follow Sagegroupy

    Recent Posts

  • Hiring a Freelancer vs. Hiring In House

    Posted in Business Tips on Oct 18, 2019

    There are times when it makes sense to hire a freelancer and there are other times when you should hire in-house, here is a run down of the reasons for both options.

  • 3 Things to Think about when Setting-up your Workspace at Home

    Posted in Freelancing Tips on Oct 11, 2019

    Depending on how much work you intend to do remotely and the basic requirements needed to do your job, you might be able to get by with nothing more than a laptop and a good internet connection. However, some jobs require more equipment and more space in order to ensure success when working from home full-time. Here are are three things to consider when getting ready to set-up your new workspace.

  • Can you be a Freelancer without a Niche?

    Posted in Freelancing For Beginners, Freelancing Tips on Oct 04, 2019

    Is it possible to be a successful solopreneur and remain a generalist? If you want to dabble in a few areas and not be tied down to a niche, this article is for you.

  • The Best Freelance Platforms for Writers

    Posted in Resources, Freelancing Tips on Sep 27, 2019

    There are a lot of freelance platforms out there and when you are a busy freelancer you need to know which ones are worth investing your time in to make a profile that shines. In our continued effort to connect freelancers with clients, we hope that this list helps writers to find clients soon, so they can spend less time marketing and more time writing.

  • 6 Times You Should Fire a Freelancer

    Posted in Business Tips on Sep 20, 2019

    The vast majority of times freelancers deliver great products on time and everyone walks away from the experience happy. However, occasionally things do not go as planned and clients are left wondering: is it time I fired this freelancer? Read this to find out 6 times you shouldn't hesitate to fire a freelancer.

  • Collaboration Tools for Remote Teamwork

    Posted in Resources on Sep 13, 2019

    Whether team members are sharing a quiet office space, working from home in a nearby neighbourhood, or from an office on the other side of the globe, thanks to technology collaboration has never been easier. Here a few collaboration tools to help make remote teamwork easier.

  • All About Forming an Agency

    Posted in Freelancing Tips, Business Tips on Sep 06, 2019

    Are you ready to move away from working alone as a freelancer and toward being part of a team? Once you have been a solopreneur for a few years and your business is thriving, you may wonder whether or not it might be time to scale up and form your own agency. Here are a few things to consider before taking the plunge.

  • The Best Platforms for Freelance Photographers

    Posted in Resources, Freelancing Tips on Aug 26, 2019

    In the interest of helping freelancers out, we are running a series of blogs shining a spotlight on the best platforms to look for work specific to various vocations. Here is a list of the best platforms for freelancers photographers to find work on.

  • Hiring Freelancers Can Help Your Business During Growth Periods

    Posted in Business Tips on Aug 19, 2019

    During periods of growth, small business owners need to be sure that they can take on more work and complete larger projects without investing a lot of time and money in hiring. By hiring freelancers you can save time and money while making sure you have the specialized talent you need to expand your business

  • The Biggest Social Media Trends in 2020

    Posted in Business Tips on Aug 12, 2019

    It is important to be aware of the trends so that you can formulate a marketing strategy that will reach your target audience and not get lost in the crowd. Here are some predictions that are expected in the world of social media for the year 2020.



Please sign in to comment!