Hey Guys.. Bit of a random video and it's definitely all over the place but if you're curious about what being a 24-Year Old Investment Advisor is like... Stick around :P Enjoy!
The video was very informative as I am just getting out of university and will have to look for a prospective long term job in the financial industry. I was wondering if you could do a video on how the feds work, how they drive their decisions on rate, the impact on inflation, and how the rates cut or hike, between all of the 3months and 30 year T-bill can impact the economy as a whole with the S&P500 and worldwide. Is the inflation led by a rate change, is it the opposite, or do they co-move at the same time? Also, will the trade war impacts the decision of the fed? Thanks for all your inputs, your videos are very informative and interesting, keep it up!
Hey Brandon! Love the video. Great info here. I'm just curious about what technology you use to make your job advising easier? Do you use any investment software or portfolio management systems? If so, which ones and if no, why not? TIA! Keep the awesome content coming!
Here's my thoughts as a young advisor in Vancouver as well. I started when I was in my early 20's as well. I agree with many points in this video. Most investment advisors are simply going the "mutual fund route" by connecting clients to the right product. The reality is that you are literally starting a new business when you start as an advisor. As the same as every company, you need a sales team to bring in new customers. With no customers there is nothing to manage. Nothing to manage = no pay Therefore most advisors has to take on the role as a sales in order to generate a book of business. This is where the contradiction happens. If you are prospecting and closing deals, you cannot be actively managing individual portfolios as well. The more you do one, the less you can do the other. I initially wanted to construct my own portfolios as well for my clients. I was grinding my CFA (every finished level 1), but I realized it is almost impossible to compete with larger institutions purely alone. Just the information gap and the sheer amount of data out there is impossible for one person to handle when scaling. I have classmates who went into IB at major banks and they have teams that specialize in super niche segments of markets. Also, they told me that the banks will literally fly CEOs of other large companies to them just to ask questions in detail. Yes you can maybe actively manage 10-20 portfolios. However, when you start getting 50, 100, 200, 300+ clients. You definitely do not have the time to individually manage them. Therefore most advisors stick with just the middle man route. Even through this route, even rebalancing mutual funds is pretty hard. However, this is not necessarily a bad thing if you do it correctly. I too was lucky to learn from 2 mentors both TOT (you know if you know). I learned these key points. 1. They believe funds are just a commodity. Any body can sell it. Heck, even clients can buy it themselves now. 2. You cannot win clients by guaranteeing a higher return than all your competitors. No one can consecutively beat all the competitors in returns. 3. Your value needs to come from your strategy. Everyone knows about simple TFSA, RRSP, RESPs etc. Most people can do just fine just regularly contributing to an ETF. What you need to offer are strategies that goes beyond that. My answer is through tax planning. I believe in market efficiency, where higher return = higher risk, while tax planning can get you guaranteed returns with zero risk.
On being a young advisor: an established, pretty wealthy advisor gave me some advice when I asked him what it would be like to start young in the career. He said, "well, young advisors have a pretty strong benefit in that they'll be in the game for the long haul. For example, as a 40-year-old looking for investment services, do you want to hire someone who will still be alive and actively managing your accounts when you retire or do you want someone the same age as or older than you who might not still be around by then?" Always realize the strengths in your position!!
Sheila ASMR thanks Sheila. That’s really positive to hear. It also helps me work on my confidence in front of the camera so I’ll focus on getting more of these videos out :)
I really think being an investment advisor would be a lot of fun as you can own your own business and you get to talk about investments. Both of these things are extremely interesting to me :)
I could never do that type of work. I’d never sleep, always stress out worried about if my clients are happy or do they want to hunt me down for bad financial advice
This video is exactly what I needed to hear. I myself am looking to be an investment advisor representative and I like how real/truthful this video is.
Thanks for advising . I think i need to find my mentor 😬 You right , without the instructor it would be very difficult . I'm very happy when I saw your video.
I've been offered a bilingual investment advisor position. It'd be my first investment advisor job and I wasn't too sure what to expect. I'm glad I watched your video. Seeing the passion you speak about being an investment advisor made me realize that *I* don't have the same passion for that type of work. Not even close. If anything, it sounds dreadful to me. Watching your video made me realize that I am definitely not a good fit for this position. Thank you for saving me time, effort, energy, headaches, sleepless nights, etc. I wish you the best in your career! P.S - the sky is most definitely not the limit. There is so much more past the sky ;)
As a seasoned financial planner I want to say well done He’s right We can’t speak publicly unless every word is approved by compliance I haven’t the guts at 53 to suspend my license But have thought about it So I can speak Don’t give up Go back in the business You are young & green Not saying anything negative about your content I’m just saying if you go get years under ur belt & do what you’re doing It’s valuable So great to see you growling like a lion
Thanks for sharing! I'm currently a high school teacher in California thinking about a career switch. I love that advising involves teaching and helping others!
New subscriber, this vid isnt bad at all, im a 25 year old Financial advisor at a bank trying to figure out my next step in my career. Currently doing my csc and completed my IFC, this was very insightful and i look forward to learning more thru your vids
Brandon, you touched on many points that are important to you from a young investment counselors early years. Having a mentor is one key component to building a strong foundation. Your Dad is excellent. Excellence builds excellence. Lots to learn which makes your career a positive for continuous development. Carry on! :)
Hi Brandon thanks for the video. I am your counterpart here in the US, 24 years old, and have started from the ground up since 20 years old. I'd love to connect and share stories.
Brandon, please be straight forward like this and not change like other youtubers. Many tubers nowadays are scripted and i got tired of watching their videos. I am only have a few truthful tubers and you are one of them..Thank you
your content is legit so helpful! so many of the investing - wealth advising channels are all US based and was srsly searching for a Canadian one. and from a fellow Vancouverite! keep up the amazing work >
I think holding some key holdings in stocks is great. Some parts of portfolio I.e gold bullion etf or some sectors is relevant to hold in an etf or a mutual fund that does its job.Retirement planning on top of all that of course
Joe Rogans podcasts are 3 hours each, don't worry about the length of your videos. Just talk about what you want to talk about & ppl who are interested will watch it til' the end, the ones who aren't won't.
What courses did u take ? I passed CSC and CPH so far, would love to see a video on that :), i watched the whole thing, im currently a teller at a bank
I think it's important to mention that to build a book a business requires selling. Nothing wrong with that, but to do well you have to prospect and sell.
Hey Brandon, can you pls make a video on index funds. I am a passive investor and don't want to open a brokerage account and spend time on buying and selling ETFs. Looking for a couch potato portfolio where I can invest the money for a long term and just monitor it maybe once a year. Thanks in advance. Love your videos ☺️
You'd still need to open up a brokerage account. A passive investor is someone that buys index funds/ETFs! Give this video a watch - ruclips.net/video/4yLawdwRa-Q/видео.html&t
Ryan Depratto that’s awesome man. If you got the passive for it, it’s no doubt a great career. The video I do on the Canadian Securities Course should be a really helpful one for ya :)
Who Is An Investment Manager? Investment is the process of redirecting finance towards profit generation. Investment management involves the professional management of various financial securities and assets belonging to an investor for the purpose of earning maximum benefits. An investment manager is an individual who manages investors finance and focuses […]to help these clients invest their money in the best places. The Provide investment information and financial advice; works with corporate and individual clients; and maintains knowledge of a wide range of investment and financial products, including trusts, stocks, bonds, and shares.
Are you able to actively Mayan’s peoples portfolios as an advisor for them while you do this RUclips? I know you work at the firm still without the license, but do people come to you privately and you can help them out? Is there a special license to do that independently at all? I’m interested in that
"True supporter of the channel here"... :-) Thanks for sharing Brandon... I've been sitting on this video for a while because I really was interested to hear what your had to say on this topic, so I wanted to be in the right frame of mind when watching. One of my biggest professional regrets is not going into the investment advisory field. I've always had a passion for this, but a decent job presented itself following college (actually during college) and before I knew it my career was established in a different direction. I'm not complaining because I've done OK for myself financially, but it's not something I have a true passion for. I highly encourage everyone to follow their passion while young to ensure you're doing what you love when you're a bit older. It doesn't take long to get there. Believe me... Cheers Brandon! BTW... Congrats on the Raptors win. Being from the SF Bay Area (San Jose), I'm a Warriors supporter but the Raptors definitely deserved the championship this year. Damn that Kawhi guy!
Thanks Scott.. indeed a TRUE supporter. And in hindsight I wish I could redo this video because they’re all sorts of points I left out. Take for instance that the job required a lot of selling and networking to grow your clientele. Which some people are great at... and others.. maybe not so great. Anyways thanks for the comment man. Good to hear from you and what a playoff run! Too bad about the injuries, I woulda loved to see a battle at full health.
Great video! I’m seeking the journey to be mobile and have a job within investing.. I’d love to be able to eventually take enough profits as a day/ swing trader.. but want to establish credentials in the financial industry.. thinking CSC, then eventually CFA perhaps. Do you have any insight on which first steps should be considered? Again thanks for the provided information. Will be doing some further research before signing up with a course.
The Financial Wolf no wolf. You don’t! I mean.. maybe certain firms would have that requirement but for the most part it’s more about getting your license then finding a place to work.
For future readers, you need 4 yrs of full time professional work experience of you do not have a bachelor's degree. See the CFAI website for more details.
@@geoffreyragbeer3084 I don't know about the CFP but you need a degree (or be a senior) to take the CFA exam. The way around that is if you have the work experience.
It sounds like you’re an Investment Advisor Representative, not a Investment Advisor? Somewhat like an agent to a broker-dealer. What licenses do you carry? S6, S63/65, S66, S7??🤔
Think what companies will be in demand because these are doing bad and what’s a mandatory necessity in the market. And that’s just one option of thinking.
Hey Guys.. Bit of a random video and it's definitely all over the place but if you're curious about what being a 24-Year Old Investment Advisor is like... Stick around :P Enjoy!
Brandon Beavis Investing awesome video bro learned a lot , go raptors 😂
The video was very informative as I am just getting out of university and will have to look for a prospective long term job in the financial industry. I was wondering if you could do a video on how the feds work, how they drive their decisions on rate, the impact on inflation, and how the rates cut or hike, between all of the 3months and 30 year T-bill can impact the economy as a whole with the S&P500 and worldwide. Is the inflation led by a rate change, is it the opposite, or do they co-move at the same time? Also, will the trade war impacts the decision of the fed? Thanks for all your inputs, your videos are very informative and interesting, keep it up!
Hey Brandon! Love the video. Great info here. I'm just curious about what technology you use to make your job advising easier? Do you use any investment software or portfolio management systems? If so, which ones and if no, why not?
TIA! Keep the awesome content coming!
Here's my thoughts as a young advisor in Vancouver as well. I started when I was in my early 20's as well.
I agree with many points in this video.
Most investment advisors are simply going the "mutual fund route" by connecting clients to the right product.
The reality is that you are literally starting a new business when you start as an advisor. As the same as every company, you need a sales team to bring in new customers. With no customers there is nothing to manage. Nothing to manage = no pay
Therefore most advisors has to take on the role as a sales in order to generate a book of business. This is where the contradiction happens. If you are prospecting and closing deals, you cannot be actively managing individual portfolios as well. The more you do one, the less you can do the other.
I initially wanted to construct my own portfolios as well for my clients. I was grinding my CFA (every finished level 1), but I realized it is almost impossible to compete with larger institutions purely alone. Just the information gap and the sheer amount of data out there is impossible for one person to handle when scaling. I have classmates who went into IB at major banks and they have teams that specialize in super niche segments of markets. Also, they told me that the banks will literally fly CEOs of other large companies to them just to ask questions in detail.
Yes you can maybe actively manage 10-20 portfolios. However, when you start getting 50, 100, 200, 300+ clients. You definitely do not have the time to individually manage them.
Therefore most advisors stick with just the middle man route. Even through this route, even rebalancing mutual funds is pretty hard.
However, this is not necessarily a bad thing if you do it correctly. I too was lucky to learn from 2 mentors both TOT (you know if you know).
I learned these key points.
1. They believe funds are just a commodity. Any body can sell it. Heck, even clients can buy it themselves now.
2. You cannot win clients by guaranteeing a higher return than all your competitors. No one can consecutively beat all the competitors in returns.
3. Your value needs to come from your strategy. Everyone knows about simple TFSA, RRSP, RESPs etc. Most people can do just fine just regularly contributing to an ETF. What you need to offer are strategies that goes beyond that. My answer is through tax planning. I believe in market efficiency, where higher return = higher risk, while tax planning can get you guaranteed returns with zero risk.
On being a young advisor: an established, pretty wealthy advisor gave me some advice when I asked him what it would be like to start young in the career. He said, "well, young advisors have a pretty strong benefit in that they'll be in the game for the long haul. For example, as a 40-year-old looking for investment services, do you want to hire someone who will still be alive and actively managing your accounts when you retire or do you want someone the same age as or older than you who might not still be around by then?"
Always realize the strengths in your position!!
I’m a RIA as well. You you made a solid point here.
I really like these non structured videos! It's a lot more real and it's nice to see the behind the scenes of your job!
Sheila ASMR thanks Sheila. That’s really positive to hear. It also helps me work on my confidence in front of the camera so I’ll focus on getting more of these videos out :)
I really think being an investment advisor would be a lot of fun as you can own your own business and you get to talk about investments. Both of these things are extremely interesting to me :)
I could never do that type of work. I’d never sleep, always stress out worried about if my clients are happy or do they want to hunt me down for bad financial advice
This video is exactly what I needed to hear. I myself am looking to be an investment advisor representative and I like how real/truthful this video is.
Studying for my series 65 as I watch this video lol
Thanks for advising . I think i need to find my mentor 😬 You right , without the instructor it would be very difficult . I'm very happy when I saw your video.
Infact its a nice video where you were talking your mind. Keep it up. Am a finance professional myself... CA, CFA, CPA :)
I've been offered a bilingual investment advisor position. It'd be my first investment advisor job and I wasn't too sure what to expect. I'm glad I watched your video. Seeing the passion you speak about being an investment advisor made me realize that *I* don't have the same passion for that type of work. Not even close. If anything, it sounds dreadful to me. Watching your video made me realize that I am definitely not a good fit for this position. Thank you for saving me time, effort, energy, headaches, sleepless nights, etc.
I wish you the best in your career!
P.S - the sky is most definitely not the limit. There is so much more past the sky ;)
the quality of these videos are so good, filled with such juicy content haha, so glad I found your page!
As a seasoned financial planner
I want to say well done
He’s right
We can’t speak publicly unless every word is approved by compliance
I haven’t the guts at 53 to suspend my license
But have thought about it
So I can speak
Don’t give up
Go back in the business
You are young & green
Not saying anything negative about your content
I’m just saying if you go get years under ur belt & do what you’re doing
It’s valuable
So great to see you growling like a lion
Thanks for sharing! I'm currently a high school teacher in California thinking about a career switch. I love that advising involves teaching and helping others!
New subscriber, this vid isnt bad at all, im a 25 year old Financial advisor at a bank trying to figure out my next step in my career. Currently doing my csc and completed my IFC, this was very insightful and i look forward to learning more thru your vids
Is your career fun?
Brandon, you touched on many points that are important to you from a young investment counselors early years. Having a mentor is one key component to building a strong foundation. Your Dad is excellent. Excellence builds excellence. Lots to learn which makes your career a positive for continuous development. Carry on! :)
It's funny, the second I saw this video posted I thought how the hell did you get this through compliance. Thanks for addressing that right away😂
😩😁
Hi Brandon thanks for the video. I am your counterpart here in the US, 24 years old, and have started from the ground up since 20 years old. I'd love to connect and share stories.
How was your experience being a young advisor?
Brandon, please be straight forward like this and not change like other youtubers. Many tubers nowadays are scripted and i got tired of watching their videos. I am only have a few truthful tubers and you are one of them..Thank you
your content is legit so helpful! so many of the investing - wealth advising channels are all US based and was srsly searching for a Canadian one. and from a fellow Vancouverite! keep up the amazing work >
Yesssssss. Thank you :) not too many Canadian channels I’ve come across either. I’m glad you’re finding them helpful 😬
Great video Brandon. Just what I need to hear as I’m preparing for a career in banking
Your video is not terrible. Your video is well done
I like the honesty and free form sharing. Highly informative and way better video than most on the subject. Most are totally boring and dumb.
I love the candid style haha every video doesn’t have to have structure 👏🏼
I think holding some key holdings in stocks is great. Some parts of portfolio I.e gold bullion etf or some sectors is relevant to hold in an etf or a mutual fund that does its job.Retirement planning on top of all that of course
I love this content, can you make a video explaining how to find good stocks?
I certainly can! Thanks
Joe Rogans podcasts are 3 hours each, don't worry about the length of your videos. Just talk about what you want to talk about & ppl who are interested will watch it til' the end, the ones who aren't won't.
LOL true. Well said
What courses did u take ? I passed CSC and CPH so far, would love to see a video on that :), i watched the whole thing, im currently a teller at a bank
Hey man! Where are you now?
I really enjoyed listening to you talk about this - not looking to become an advisor but would like to find one eventually :)
I think it's important to mention that to build a book a business requires selling. Nothing wrong with that, but to do well you have to prospect and sell.
Hey Brandon! Thanks for the awesome video, I am wondering if this is a stressful job? also if yes, what causes majority of the stress?
Hey Brandon, I bought a bitcoin after watching your video few months ago. As you said, for fun. What do you say about it for now?
Hey Brandon, can you pls make a video on index funds. I am a passive investor and don't want to open a brokerage account and spend time on buying and selling ETFs. Looking for a couch potato portfolio where I can invest the money for a long term and just monitor it maybe once a year. Thanks in advance. Love your videos ☺️
You'd still need to open up a brokerage account. A passive investor is someone that buys index funds/ETFs! Give this video a watch - ruclips.net/video/4yLawdwRa-Q/видео.html&t
I think this was a great video for working and having it on in the background
I've been thinking I might go get the certifications. I have a good paying job, but I love investing so much that I think it would be a fun career.
Ryan Depratto that’s awesome man. If you got the passive for it, it’s no doubt a great career. The video I do on the Canadian Securities Course should be a really helpful one for ya :)
@@beaviswealth definitely will!
@@beaviswealth do you think it could work well as a side gig?
Quality Content, keep it up.
Who Is An Investment Manager? Investment is the process of redirecting finance towards profit generation. Investment management involves the professional management of various financial securities and assets belonging to an investor for the purpose of earning maximum benefits. An investment manager is an individual who manages investors finance and focuses […]to help these clients invest their money in the best places. The Provide investment information and financial advice; works with corporate and individual clients; and maintains knowledge of a wide range of investment and financial products, including trusts, stocks, bonds, and shares.
Are you able to actively Mayan’s peoples portfolios as an advisor for them while you do this RUclips? I know you work at the firm still without the license, but do people come to you privately and you can help them out? Is there a special license to do that independently at all? I’m interested in that
"True supporter of the channel here"... :-) Thanks for sharing Brandon... I've been sitting on this video for a while because I really was interested to hear what your had to say on this topic, so I wanted to be in the right frame of mind when watching. One of my biggest professional regrets is not going into the investment advisory field. I've always had a passion for this, but a decent job presented itself following college (actually during college) and before I knew it my career was established in a different direction. I'm not complaining because I've done OK for myself financially, but it's not something I have a true passion for. I highly encourage everyone to follow their passion while young to ensure you're doing what you love when you're a bit older. It doesn't take long to get there. Believe me... Cheers Brandon!
BTW... Congrats on the Raptors win. Being from the SF Bay Area (San Jose), I'm a Warriors supporter but the Raptors definitely deserved the championship this year. Damn that Kawhi guy!
Thanks Scott.. indeed a TRUE supporter. And in hindsight I wish I could redo this video because they’re all sorts of points I left out.
Take for instance that the job required a lot of selling and networking to grow your clientele. Which some people are great at... and others.. maybe not so great. Anyways thanks for the comment man. Good to hear from you and what a playoff run! Too bad about the injuries, I woulda loved to see a battle at full health.
Helpful video even if not super structured! Thanks 👍🏾
Great video! I’m seeking the journey to be mobile and have a job within investing.. I’d love to be able to eventually take enough profits as a day/ swing trader.. but want to establish credentials in the financial industry.. thinking CSC, then eventually CFA perhaps.
Do you have any insight on which first steps should be considered?
Again thanks for the provided information.
Will be doing some further research before signing up with a course.
stories are awesome, keep these vids up!
Thanks DC
Which dealer member are you working with?
Please do one with other jobs in the same field. great video!
Do you need a college degree to be an investment advisor?
The Financial Wolf no wolf. You don’t! I mean.. maybe certain firms would have that requirement but for the most part it’s more about getting your license then finding a place to work.
If you have passion of what you like to learn, then it would take a shorter time frame then what it state for when you take a course.
Absolutely
Hey Brandon I would love to talk to you about working at your dads firm
What courses did you takw
Now that the financial industry is becoming digitized, would you think being a financial advisor would still be in demand 5 years from now?
The same way teachers and school programs are valuable even though all the information can be found somewhere on the internet.
I'm watching cause I have an interview in a couple hours. I want that 66.
Anther great Video. Didn't know that your family owned an investment firm.
Do you have to be 18 years old to take the courses and get certified as a financial advisor?
I'm actually not entirely sure about that one. Good question
How do you feel about rounding up everday purchases to invest with? Like acorn
I think it’s an awesome idea. Would work well with certain ppl, not so well with others but it’s hard to argue with investing spare change
Use Vimvest, that app has more features and a better portfolio
Great. Maybe one day I might end up managing other people's money.
Why don’t you tell us the licensing exams you took? Cuz I know fee only firms don’t need S7 or 66 but it sounds like you have those
Wait don’t you have to go to school to take the cfa exams ?
You forsure can but it's definitely not a requirement
Brandon Beavis Investing oh really I thought I read in the stats you had to have a bachelor degree to be a cfa
For future readers, you need 4 yrs of full time professional work experience of you do not have a bachelor's degree. See the CFAI website for more details.
@@Commonmischief to get the cfp??? i thought u needed the degree
@@geoffreyragbeer3084 I don't know about the CFP but you need a degree (or be a senior) to take the CFA exam. The way around that is if you have the work experience.
The reason why I'm watching is mostly because there's a professional gamer that I know about that also works as a investment advisor
Pepsi product placement lol
It sounds like you’re an Investment Advisor Representative, not a Investment Advisor? Somewhat like an agent to a broker-dealer.
What licenses do you carry? S6, S63/65, S66, S7??🤔
Nice video :)
Thanks Amanda :)
youre just gorgeous. i love watching you.
Investment advisor sound like stressful job what happen if the stock market crash
Cyberworld 7 - Stock Market Millionaire haha if you educate your clients well they shouldn’t be scared of a crash they should invite it!
you invest in the companies who will benefit from the crash..
Think what companies will be in demand because these are doing bad and what’s a mandatory necessity in the market. And that’s just one option of thinking.
Oh you've lived through a market crash now! Two actually 😀
Trying to pump Pepsi now, eh? Where's Compliance when you need'em? =P
HAHA where’s my money Pepsi!!?
Your strugglin’ in this one. Surprisingly enough, it is these kinds of opinions I wanted to hear though; mostly because of your current role.
Brandon, you are so cute and smart that you could manage all my money, my life and make babies in me! Love
Mark hasn’t aged a bit
So you didn’t make enough money and stepped down as a producer? Doesn’t make sense
For somebody whos flat out boreeed lmao hahah
Wasnt boring btw
@@charlid-t7222 LOL thanks bro... I honestly wasn't sure.
you also said the title was going to be about being a young investor??? you didnt even match the title lmao!
help people and get paid for it.. hmm not a doctor
I was just really really bored.
I knew it! LOL