What Type Of Person Thrives In The Financial Industry According To A Financial Services Consultant At Capstone Partners Financial
Success in the financial services industry hinges on a "persevering mentality," the ability to overcome setbacks and "bad weeks or months" while pursuing the goal of increasing assets under management (AUM). Individuals who are driven by success and remain undeterred by challenges are most likely to thrive in this demanding career.
Perseverance, Resilience, Motivation, Goal-Oriented, Success-Driven
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Byron Lopez
Financial Services Consultant
Capstone Partners Financial
Loyola Maymount university
UT Austin
Economics
Finance (Banking, Fintech, Investing)
Finance
Veteran
Video Highlights
1. Persevering mentality is key to success in financial services.
2. High work ethic and dedication to studying for licensing exams are crucial.
3. Building AUM (assets under management) is a major goal, and those who persevere despite setbacks tend to thrive and achieve higher incomes.
Transcript
How would you describe people who typically thrive in this industry?
People who typically thrive in this industry? Obviously, you need work ethic. You have to learn how to study to pass your exams and be licensed.
But more than anything, people who have a persevering mentality, people who get turned down and still keep going. People who may have really bad weeks or months, and they still don't give up on the dream of building up their AUM.
AUM, or Assets Under Management, for a financial advisor or consultant, is basically the number that dictates how much asset you manage. The higher your AUM, the higher your income.
While in pursuit of that AUM, people who really thrive in the industry are those who are after success and don't get discouraged when things get tough. So, people who persevere more than anything typically do well in this industry.