Roles and responsibilities
- get information on securities, market conditions, government regulations and financial circumstances of clients
- deal in the marketplace on behalf of clients and provide financial advice
- record and give 'buy' and 'sell' orders
- calculate and record costs of transactions
- develop lists of appropriate investments for clients
- plan buying and selling activities
You will find entry to a career as a finance dealer competitive. Firms usually recruit applicants who can demonstrate a strong academic background.
It takes some time to gain the experience required for advancement and many firms demand specialised qualifications or relevant experience.
Financial dealers and brokers work in stockbroking firms, financial planning organisations, banks, building societies, accounting and law practices and other organisations within the finance and investment sector.
People in this occupation have a legal obligation to provide sound advice and consequently the job has considerable responsibility attached to it. Once experience has been gained, opportunities for advancement are generally very good.
While there is an increasing demand throughout the country for financial advisory services, banks and other financial institutions are increasingly focusing their dealer functions in their head offices in Sydney and Melbourne.
Courses are run through Financial Services Institute of Australasia (Finsia) and the Financial Planning Association.
Depending on the specific role, you may be required to be licensed or registered in order to work in this field. Details can be found on the Australian Securities and Investments Commission website. You may also be required to hold a certain level of membership with a particular professional association.
Contact the Financial Planning Association or Finsia for further information.