(Learn More) Investment Counselor | Womack Adviser

What is an Investment Adviser?

Investment adviser, sometimes used interchangeable with investment counselor, is a licensed professional who provides clientele with financial advice regarding their current situation with the goal of getting them closer to their monetary goals.

These professionals deal strictly with investment advice and work on building their clientele’s portfolio to minimize risk by diversifying, while still providing the most value.

Can I Give Investment Advice Without a License?

A lot of people think that giving investment advice is a simple process that anyone can do; and while it might be true that you could become an investment counselor with enough motivation, it’s not as easy as calling yourself an investment counselor.

Every practicing investment counselor must have passed a test to certify them as a professional in the industry. Obtaining a license as a registered investment adviser is a critical part of the industry, meaning that not anyone can just start giving you advice.

Fortunately, this is a safeguard against poor advice and fly-by-night operations, as building a positive reputation is a part of your career as an investment counselor.

How Long Does it Take to Become an Investment Adviser?

There is no set route for how long it takes to become an investment adviser. Without counting the years of college it takes to obtain a degree in financial management or economics, it typically takes three to seven years to become an investment adviser depending on the level of post-graduate training and the time between applying for licensure.

Ultimately, the time in training to become an investment adviser is not indicative of success as practical experience in the industry is, as every counselor must pass a certain threshold of knowledge to practice.

At Womack Advisers, we have over thirty years of experience in the wealth management and investment services space, helping our neighbors make the best financial decisions they can when planning for a family, retirement, or estates.

How Much Do Investment Counselors Make?

An investment counselor makes an average salary providing financial advice and assistance to clientele.

A counselor may make money a variety of ways, from an hourly fee, annual fee, or flat fee depending on the structure of the company they are with, as well as the needs of the client.

Uncertain about whether it’s a good fit for you?

We provide a free consultation so you can come in, meet our investment counselor, and ensure we are a good fit for your needs. Get in touch with our team today to book your appointment at our Edmond OK office today.

Talk to the Experts 

At Womack Investment Advisers, Inc., we are here to help you make sense of the financial world.

When you are starting to plan for life, it makes sense to have an investment counselor on your side to help you make the tough decisions.

Serving all of Edmond, OK and surrounding regions, we are proud to call our clients neighbors. Give us a call today to see how we can help you.