What is a Wealth Analyst? (with photo)

A wealth analyst studies financial data and trends for a company.

A wealth analyst is a person who analyzes a company’s financial data and trends. An equity or financial analyst studies public business records to predict the company’s future financial needs. The analyst writes reports on the company’s finances and describes the investment potential of the company by assigning financial ratings such as buy, sell, hold, etc. The wealth analyst is also responsible for reviewing the budget and creating a plan to get out of debt if the company is in such a financial situation.

The daily tasks of a financial analyst are varied, from studying and researching to writing and drafting papers and giving presentations. In the past, the analyst obtained most of the company’s financial information in meetings with managers, but due to the new fair disclosure laws, the data must be obtained by the analyst through public records, annual reports and information made available on the internet. In addition, public conference calls are a means of obtaining the data.

An equity analyst works in brokerage firms, securities analysts or brokerages, equity or securities investment markets, banks, insurance companies, mutual or pension funds and other businesses. When a financial analyst works for a lending company, the roles are expanded to include investigating loan risks. A stock analyst must be observant and focused on trends. He must be aware of everything about the company, not just the finance sector, because trends in any division of the business will impact the finances of that business.

The tools a person in this position works with include statistical software, calculators and spreadsheets. Analysts must possess strong analytical, mathematical, computational and communication skills. They must be able to work individually or in a team. With budgets or financial records, a wealth analyst often does research and analysis alone. When a large company’s projects are impacted by a financial situation, such as mergers or acquisitions, the financial analyst will work with other areas of the company, interpreting the financial consequences so that the best decision can be made.

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An equity analyst usually has a Master of Finance (MSF) or Master of Business Administration (MBA) degree with postgraduate training. Many analysts are also consultants or accountants. To become a stock analyst, one must obtain the proper degrees and experience. Internships at companies in the financial sector are good ways to get started. Showing strong skills for analyzing and communicating can give you an edge over other candidates.

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