Financial Planner Interview Questions
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Financial Planner interview questions shared by candidates
In an environment of layoffs and restructuring, how do you keep your team motivated?
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Be open and honest if their roles are in jeopardy. Understand their concerns and answer their questions as best you can. If you do not know, say so. Keep them busy, and involved in important work. Less
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Mo on g ok ok lfNikki
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Stay positive, and focus on the work at hand. Keeping busy on important work helps people realize what they are doing is important. An ideal mind is the devil's.... well, you know the old saying. Be sure the physical environment is welcoming. In summer, raise the blinds, clean the common areas of papers and clutter. You will be amazed how much better things look when you take 10 short minutes a day to make the physical environment look better. The sun is out, blue skies, and maybe it's not so bad here. Let people vent. If you are not holding 1-on-1 meetings, then start. Hear people out. Be honest about what you can talk about. Don't sugar coat anything, but give those more junior to you some context and a bigger view. Sure some people will be laid off, but most will remain. Opportunity to do different things will become available. Sure you will work harder, but you will learn, growth, and build your reputation for having a level head in complex times. Lastly, have a plan. Know what you will do as a manager if you have to layoff 1,2 or 3 people. Know how the work will move around. This will allow you act quickly and decisively should things come to that. Having a manager who looks in charge because they already thought it through will go a long way. Less
ho effettuato un test logico-numerico-inglese inviatomi per email. Sono stata contattata il giorno dopo per il secondo step (colloquio che avverrà domani)
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Informazioni sul colloquio tecnico?
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ciao. com'è andato il colloquio? mi sa dire di più? anche sul test online? Grazie Less
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Ciao vorrei avere informazioni sul colloquio tecnico grazie
Would you be willing to pay for all of your own licensing and recruit your own team?
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I climbed that ladder, had a team of over 40 people licensed and all. It's not a scam OFFICIALLY. However, they will eat up all your profits in bogus fee's and paying for their events and wealth bowls. Which I'm sure $ is being pocketed. In other words they are worthless, u are paying for an unknown and expensive brandname. They do not run commercials or do any marketing, So why pay? It's best to use them for the sales classes and go on your own. Learn how the business works but DO NOT HANG YOUR LICENSE THERE. You will make 60% more on your own for the SAME EXACT efforts. Don't bee fooled about the millionaire mambo jumbo. Next time you hear one of them blabbing off about how much $ they made. Ask to see last years tax returns. I bet they will run for the hills or tell you there was a lot of write offs. Remember you cannot write off more than 20%, so if the guy shows you a 45k income, even if u add the 20% its only like 50k. Thats chump change in the insurance world. My advice is go after a mortgage license or a series license. They are way better pay and less liabilities to deal with than insurance. FYI however they paint the picture in the end they are simply and INSURANCE BROKER and not a financil planning company, you need a series license to officially be a financial advisor. Hope this helps guys, WFG is great to pick up on hot and hungry chicks and good sales tips. Take it as a free educational meet and greet ;) Use them before they use you and your warm market. I can go on and on... Good luck Less
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I've been doing Wfg for some time now, I paid for my background and licensing fees. You do invest a lot of time and money, but it's a business, and those two elements are necessary to grow. You'll spend a lot of time working with different ppl, to the point where you can start to know different ppls personality. When it comes time for conventions, I really save up for them, since sometimes I end up paying for my team members. For new team members in my organization, they get a freebie of having their first convention for free but they pay for their own registration for the next ones and I emphasize the importance of conventions. Sometimes ppl need motivation, and as a leader you still have to keep pushing it to the team. For conventions, with WSB sometimes we go to nice locations so of course we have time to go see new places too. Super trips (even if you qualify or not) are optional, but it's the fun of being in a different country with your team. People can say that they don't know anyone or if they've been working in Wfg long enough that they've exhausted their warm market, but if you know only 100 ppl, do you think that you're only gonna know 100 ppl for the next 5, 10, 15 years? No. I'm sure you'll meet more ppl along the way, and those are the ones that you can prospect. And you never know, someone you meet along the way may be your major business partner. But beyond the trips, and the rewards, and the major commitment, you also help a lot of people become financially literate. You'll help ppl understand their life insurance, their investments, etc and if you're in it just to make money then I'll be honest, you won't last. It's a business, and in any business or job for that matter, if you want to last long, and if you want to create lasting income, you have to have passion for it. And passion for helping people with Wfg may or may not grow on you. It's a matter of testing the waters. But anyone that will begin a career with Wfg, I wish you all the best. It is a great opportunity, it just takes time. Just always be persistent and you'll get there. Hope this helps. And sorry I typed "ppl" a lot ... It saves time from typing out the actual word. Less
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I said yes....although it was a little strange that I would literally have to do everything. I didn't realize the company was an MLM type of business. Less
Basic and advanced finance, some made up questions and scenarios which did not make any sense and would be made fun of if given in universities.
2 Answers↳
0 ▼ If you need help passing the CCAT (hardest part of the process in my opinon) I passed it by studying ruthlessly. I found this site that has the same CCAT as crossovers and just took that a bunch of times. crossoverccat[DOT]com I recommend this for anyone that has the proctored CCAT coming up. The salary is $15 / hr which is really good in my country. 40 hours a week min/max. Less
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I actually prepared with the same resource as the guy above me, that site has litterally the same questions Less
How to account for accrued expense?
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Debit expense account, credit accrued expense account
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Expense accrued but unpaid. Duh! Accounting 101.
Is there anything you're trying to hide? Also, what will we find out about you in 6 months?
1 Answers↳
definitely puts you off a little
