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

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

An equity analyst works in brokerage houses, securities or company analysts, securities or securities investment markets, banks, insurance companies, mutual or pension funds and other businesses. When a financial analyst works at a lending company, the duties expand to include investigating credit risks. A stock analyst must be aware and focused on trends. He should be aware of everything related to the company, not just the finance sector, as trends in any division of the business will impact the finances of that business.

The tools a stock analyst works with include statistical software, calculators and spreadsheets. Analysts must possess strong analytical, mathematical, computer and communication skills. They must be able to work individually or in a team. With budgets or financial records, a wealth analyst usually just does the research and analysis. When large company projects are affected by a financial situation, such as mergers or acquisitions, the financial analyst will work with other departments in the company, interpreting the financial consequences so that the best decision can be made.

A stock analyst usually has a Master of Finance (MSF) or Master of Business Administration (MBA) postgraduate training. Many analysts are also consultants or accountants. To become a stock analyst, you need to get the right qualifications and experience. Internships at companies in the financial sector are a good way to start. Showing strong analytical and communication skills can give you an edge over other candidates.