Business Law Financial Advisor Business Law What does

Business Law & Financial Advisor

Business Law

What does someone in business law do? This means working on Strategic Planning and Business law involves helping companies Research/ Product Development. These are the with. . . areas which support the development • important mergers of corporate strategy and introduce creative • sales investment tools to the marketplace to attract • stocks business and expand CBOE’s appeal to a • universal contracts (with employees or companies. ) setting of customers.

Earnings&Benefits: Most business law firms will have benefits like paid vacation time, reimbursements, cover travel expenses, year-end bonuses, and other perks. The average paycheck for a person working in business law can range from. . . $57. 50 -200. 00 per hour. Creating a starting yearly average of about. . . $170, 000+

EDUCATION: • • Bachelor of Science, Legal Studies at Grand Valley State University. Michigan State University Law school, Juris Doctor program to complete a corporate law degree. GVSU: $41, 320 (4 -years undergraduate studies) MSU: $72, 720 (3 -years graduate studies)

School of choice: GVSU for my undergraduate work. . . then. . . MSU for law school. . .

Financial Advisor, Edward Jones Financial Advisor Joe Bettega (989) 362 7617 103 E Bay St. East Tawas, MI 48730

What does an FA do? Financial advisors help people with financial goal planning. This involves things like retirement, the purchasing of large items like cars, boats, and houses. FA's also help with college planning, life insurance, and trusts.

Training: To become registered to offer securities, FA's must pass the General Securities Registered Representative Examination (Series 7) and a Uniform State Law Examination (Series 66) Preparation for the tests is provided by the Study for Success program. After passing the Series 7 and Series 66 tests then you move onto Financial Advisor Training. 9 week program: Week 1, getting to know your client. Week 2 -8, field foundations. Week 9, Evaluation/gradu ation. • • • Ongoing Training: During the first few months as a FA employees work closely with the Financial Advisor Development department to reinforce their knowledge of investments through monthly conference calls, broadcasts, and in-depth training modules.

BENEFITS & SALARY • • Pays for the setup costs of a new office, rent, utilities, also provides the office with computers, tv, chairs, desks, fax machine, printer, and other office furniture. Medical, Dental, and Vision plans Life insurance provided to full time employees, and gives an option to purchase life insurance for a spouse and children. Long term disability is available for first year FA's then available upon payment request. Income continuation Accidental death and dismemberment insurance. Flexible spending account Incentive program A salary based An FA at Edward Jones earns commision, meaning that the annual salary is based upon performance levels, not an hourly wage. FA makes on average $98, 000115, 000. Beginning FA's make around $78, 000 per year.

COST: A degree in finance from Grand Valley State University will cost roughly around $41, 320 in tuition. Room and board is around $7, 920 per year. Plus an average cost of $1000 in books each year. Before you take the Series 7&66 exams and finish training to become and FA, companies like Edward Jones, require that you quit your previous job to study, in return you become an employee of their branch although you don't receive the benefits until you begin working, you

SCHOOL OF CHOICE: • • • Grand Valley State University Mid-sized school. approximately 24, 541 students enrolled. Allendale, MI. , just 10 minutes away from Grand Rapids is the fastest growing city in Michigan in fields like business, technology, and health. Seidman School of Business o undergraduate finance major To expand my financial knowledge I would ideally like to attend graduate school at the University of Michigan's Ross School of Business.

SIMILARITIES • • • Success rate is based upon clientele relationships. Require a degree Both are business related fields of study

DIFFERENCES BUSINESS LAW • • Law degree Clients contact them about contracts, mergers, big corporate plans. • Salary is hourly based. FINANCIAL ADVISOR • Clients are seeing them for retirement, college planning, etc. • Minimum of a bachelors degree in finance. • Majority of FA's are payed a commision.

BUSINESS LAW OR FINANCIAL ADVISOR? ? ? FINANCIAL ADVISOR!!! I chose a financial advisor, because not only is it the job that my dad has done successfully for years, but I can also apply a business law degree into being a FA. How? By working in the "home" office in St. Louis. The FA's working in the home office typically dual major with a business law degree. With the law degree they are not only doing the regular FA duties, but sent all over the nation and sometimes internationally for contracting issues, mergers, and such with Edward Jones.