I'm currently a senior at a big ten university, coming from a non-finance/accounting major. I've been thinking to myself how unprepared I'd be if I ever entered a more technical second round interview for an advisory type job interview. I'm not too informed on what a financial advisor's day to day duties entail, I know most of it is relationship management.
Could someone explain what happens, for example, when a clientadvisor to buy shares of a Vanguard index fund for their portfolio? Does the advisor send Vanguard money from the client's brokerage in exchange for shares?
How about if the client wants to buy a stock? Does the advisor have to contact a broker-dealer? Or does the advisor act as the broker and buy them directly from the market for the client.
I know these questions are easily answered, but I can't find good resources online for how an advisor handles trades on a client's behalf.
Thanks for the help!