How does the job description of a “financial adviser” differ for those at “investment firms” from local banks?
actually the term “financial advisor” is partly regulated as in order to use that exact verbage there is a particular license one must hold via FINRA the pay can differ dependent on if they are associated with some program similar to like an edward jones, or bank investment program where they don’t get 100% or as close to that figure of the production they do, if they are not associated with some brokerage house/program and its their company they would pretty much get all that production the main difference between a bank “financial advisor/financial consultant” and a non-bank “financial advisor/consultant” is based solely on the location of their desks in actuallity they each do the same thing and same access to same stocks, mutual funds etc etc….
