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How to become a Paraplanner | qualifications, experience and more! - YouTube
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in today's video we'll be discussing how
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to become a power planner
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the financial services marketplace was
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left largely unscathed by the current
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advice pandemic
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and locked down measures because of this
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many opportunities rose from certain
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measures being introduced
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such as the stamp duty holiday and
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increased house prices
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the finance digest recently stated in
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regard to the future of power planning
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firms are fast realizing the importance
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of attracting
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incentivizing and retaining top quality
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power planner talent
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additionally for candidates power
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playing roles are opening more doors
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than ever
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staying in a power planning role also
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offers great long-term remunerative
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rewards
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there has never been a better time to
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start a career as a power planner
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and with the market likely to continue
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in its candidate true in nature
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hard-working individuals should make the
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most of job security
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and the progression opportunities on
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offer
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so what does a power planner do
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the personal finance society a
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qualification provider of the dip pfs
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qualification
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defined the power planner as an
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individual who along with the financial
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planner
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creates prepares and implements
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and reviews a client's financial
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planning advice it's worth noting
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that in the future we'll have more
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content regarding power planning
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so make sure you subscribe and turn the
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notification bell on
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if you want to be updated when this
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content does get uploaded it may be
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tricky initially to see what experience
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is needed to become a power plant
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and this can vary as follows the trainee
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power planners
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some common criteria we see is one to
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three years experience within financial
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planning
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as either an administrator or trainee
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power plant
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in undertaking that experience you'll
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likely build an overall knowledge of
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financial planning
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and you'll likely have maybe some
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industry qualifications
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although it would not be expected for
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you to have them
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then in terms of for a power planner
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you'll likely need the experience of
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being a power planner and having
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previously prepared suitability reports
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and supported a financial planner
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in doing so you'll have a good knowledge
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of financial planning
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both pensions and investments
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for power planner roles the criteria can
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often see a requirement for
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qualifications to be held so likely be
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part way through your diploma or
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potentially even fully diploma qualified
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however
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it might not be essential and they may
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look at your experience
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over and above qualifications
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then for senior power planner that's
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likely where you'll need to have at
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least three to five years
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experience as a power planner you should
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be level four different qualified
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whether that's a diphther dip pfs or
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maybe even the diploma in power planning
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also you'll need to have a strong
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understanding of investments
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pensions and taxation if you're unsure
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what the diploma
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is we've covered this here on our
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youtube channel recently
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and on our blog as well i'll leave the
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links to these videos and blogs in the
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description
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if it is of interest to you power
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planners have a different list of
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personal qualities
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when compared to other financial
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services professionals
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to name a few core qualities of a power
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planner they have to be
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adaptable knowledgeable dependable
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self-motivated analytical
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and concise we go over each of these
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qualities
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in more detail in the blog equivalent to
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this video
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which are also linked in the description
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if you think so far that power planning
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is a career that sounds appealing to you
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you'll need to know how to enter it
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for many career progression within the
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financial services
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is the natural progression to becoming a
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power planner which is normally
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from administrator fruit trainee power
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planner
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to power planner and then on to senior
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power planner
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another way to enter the industry and
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the profession is through the
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apprenticeship route
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in 2015 a power planner apprenticeship
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was introduced
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meaning young professionals could start
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their power planning career
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at school leaver age typically taking 24
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to 36 months to complete but remember
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apprenticeships aren't just about young
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people you can undertake an
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apprenticeship at any age
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therefore if you're looking to change
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your career or up skill yourself
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a power planning apprenticeship could be
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really valuable because not only will
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you get fully diploma qualified
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you'll get on the job training and
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you'll be paid during the course of that
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some jobs will allow you to enter a
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trainee power planner level
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with little to no experience these can
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be a great way
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of entering the market how to look for
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power planner jobs
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one obvious way for a new job is through
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the job boards
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sites like total jobs read and cb
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library
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are all great when looking for vacancies
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and you can sort the vacancies by
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location
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salary entry requirements to fit your
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career needs
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however some employers will advertise
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vacancies for themselves
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on their own website or for a recruiter
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so make sure you're using
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other methods on your job another idea
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is to reach out to your network
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both in person and on social networking
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sites
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this can be a valuable process as they
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may have insider knowledge
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or access to their own network which
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could bring out
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unique opportunities for you however
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this can be hit or miss and quite time
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consuming
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on our dedicated section of our website
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for finding a power planning job
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it says not every power planner job is
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the same
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it is important and methodical
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approaches applied
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that focusing on listening to you your
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current needs and your future
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aspirations
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working with a specialist financial
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services recruiter increases your
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chances
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of achieving your desired power planner
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job with over 400 clients
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ranging from small ifas through to ftse
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businesses
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we consistently have a breadth of jobs
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available and able to present you with
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the most appropriate power planning job
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furthermore as over 70 percent of our
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team
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at prior financial services industry
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experience we're able to apply that
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industry knowledge
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to navigate you through the process
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from start to finish we'll be focused on
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achieving the right move
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in your career as a power planner so
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what
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tips would we give in regards to
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becoming a power planner
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becoming a power planner can be a great
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career option for many financial
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services
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individuals and i would definitely say
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if you're set on becoming a power
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planner
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you need to have that as the end goal in
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mind and then work
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backwards to figure out the steps you
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need to take in order to reach this goal
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also in regards to tips would be
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look to obtain your diploma this could
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be really valuable in your long term
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career
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path as a power plan or if it then goes
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on to become a financial advisor
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but don't get hung up on just the
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diploma make sure you're
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utilizing as much of your opportunity to
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gain experience
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whether that's the typical industry
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softwares that are used
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it could be having the opportunity to
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prepare or even write suitability
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reports
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because that's a key function of the
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power planner but also researching
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get as involved as you can in
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researching available options for
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clients
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ask lots of questions to your colleagues
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why do they research that option
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if they have a similar case what the
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steps they go
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through to really try to obtain and
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absorb as much information as possible
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so you can advance your own role and
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your own knowledge
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i'll be more than happy to answer any
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questions if you leave them in the
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comments below
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and we can pick them up either via the
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comments
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via email or even via telephone i'm more
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than happy to help
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also in our blog there's even more
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advice from our specialist finance
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services recruitment consultants
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which i definitely recommend you check
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out as those who have contributed
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have a combined experience of over
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140 years in
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and around financial services so they're
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definitely
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well positioned to give you advice on
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power planning as a whole
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[Music]
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you
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