Five Reasons New Financial Advisors Fail

Don’t be afraid of a learning curve.

By Matt Solomon

If you’re thinking about making the shift to financial advising, you might be wondering if you have the skills you need to succeed. The good news is that as an accountant, you already have all the tools you need to become a financial advisor.

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However, having the right tools does not automatically make you an advisor just like owning a hammer doesn’t make you a carpenter. You’ll need to develop a new skill set to use your accounting tools as a financial advisor. Without these new skills, accountants often fail to achieve their goals and build a business that allows them to do meaningful work, make more money and spend less time doing it.