To ensure that clients receive sound financial advice, services and products tailored to their individual needs, the Financial Advisory and Intermediary Services Act requires that only competent and qualified persons render services and give advice.
An untrained representative of a brokerage should never be allowed to give advice, hence the requirement that an insurance advisor be FAIS accredited. You must have a current FAIS accreditation to work in the finance and insurance sector.
We all feel uncomfortable admitting our weaknesses, especially when it comes to situations where we want to prove ourselves and do not want to appear to be 'stupid'. This often leaves people saying that they know the answer when in fact they do not. This can lead to mistakes and poor performance when a simple admission at the outset is in fact the way to get noticed and improve your performance.
Knowing who they are makes it easier to know how to manage them. Born between 1980 and 2000, Millennials make up the largest part of the workforce. Knowing how to manage them and how to get the most out of them is one of the most important skills for maximising one of the most important resources a business has, its employees.
The insurance industry is very dynamic and known for its fluidity when it comes to candidates changing roles and enhancing their skills and abilities as they progress. Once you have the basic registrations in place, which we covered in a previous article, the sky is the limit when you combine them with hard work and determination.
Managing Millennials with these simple tips will help you reap the benefits of their generation's unique characteristics traits. Now that you have read our previous blog on what Millennials are you are probably wondering how to tap into their unique personality traits so that you can help them reach their full potential. Here are ten tips to help:
The financial services industry has a very specific way of categorising staff according to the role they play in the organisation. Depending on the company, they can reflect the person's job or their level in the organisation, and in some instances both.