Business in the financial service

[NI_STG]

Hello, I really want to start my own business something within the financial sector, I know there is a broad region of services with the sector but it is something that I am really interested in. The real problem facing my way is obviously spending 3-4 years of eduction to get the certificates at so forth. I have a passion for economics and finance. I have been trading CFDs on and off for around 2 years. I spend 4-5 days reading and learning new investment ideas and strategists. I would preferably like an offline business to start with and work from there. If there is anyone out there that has any ideas of a business that i could potentially start in the near future then it would be very much appreciated.

p.s. I know that most of the careers in the financial sector involve quite a lot of qualifications and so on but if you could give me any ideas and advice about what I could get into, it would be a create help!

Thanks.

 

[Clinton]

Do you have access to a careers advisor (they tend to have lots of brochures, leaflets, information)?

Seeing that nobody has answered yet, here are a couple of suggestions.

If you've already invested time studying tech analysis, charting and the like - which you've probably done prior to dabbling in CFDs - you may want to first see how you can capitalise on those skills / that knowledge already acquired. Even within this narrow field there are many, many options. You could, for example, provide services to other traders. From coding expert advisors to writing add-on tools and indicators for charting platforms, the scope for coding related businesses is limited only by your imagination.

There's big money in referrals. If you can drive new clients to brokers they pay very, very well.

You could also teach - whether at schools (many are now offering courses in finance) or in colleges, or set up your own training academy for children wanting IFS certificates (which certificates have now been accepted by Ofqual).

 

[NI_STG]

@Clinton Thanks for your advice, regarding getting the IFA do you know how long it would take?

 

[Clinton]

IFS qualification info is here and you'll need to read this if you want to start a centre.

 

[tony84]

IFA qualifications generally take a few years to do. I gave up after 2 exams as it was a lot of hassle. I think you need around 5 at diplma level.

You could maybe look at becoming a paraplanner? Some firms outsource their paraplanning, I do not think you need the qualifications to do that as ultimately its the advisor who is liable for the advice.

 

[Clinton]

Just to clarify, what I've been talking about is the IFS, not IFA. IFA is something else altogether and as tony84 says, it's not the easiest of qualifications to get.

 

[Barnes Thomas]

IFA qualifications generally take a few years to do.