Investment advisory is basically about
(2) knowledge of products and
(3) managing clients behaviour.
That's it. If you simply focus on this, you will make the cut as a top advisor. There is a lot of micro-management going on. Too much analysis of petty matter going on. Stay away from it. Most of it is useless and garbage. It is being done by intellectuals in the profession who have less work and AUM but big tongue. They poke their nose in every discussion to show their superiority of understanding. Most of it is senseless. You don't need to know it all. You just need to know what to ignore.