Career Prospects

Numerous Opportunities for Financial Planners

• Take advantage of thousands of available jobs in this expanding profession.
• Fuel your entrepreneurial spirit and enjoy the benefits of owning your own business.
• Distinguish yourself by expanding your knowledge, competence, and professional status.
• Grow your own client base by offering a wider range of services.
• Increase fees, ensure larger commissions or receive a salary increase with additional competencies and an added certification.
• Be in charge of your own financial future.

On the Horizon: Financial Planning Looks to be a Promising Profession

• In fact, the demand for financial planners is expected to grow as large numbers of "Baby Boomers," - those born from 1946 to 1964 - fuel investments during their peak years.
• According to the Bureau of Labor Statistics (2005), overall employment of financial analysts and personal financial advisors is expected to increase between 18% and 26% through 2014.
• Even though computer programs and the Internet provide a wealth of information on the financial industry, 67 percent of consumers seek professional financial planning advice, according to a study by Certified Financial Planner Board of Standards Inc.
• As Social Security and retirement benefits become increasingly insufficient, financial planning will be called upon to create viable solutions for an aging population.
• U.S. News and World Report (2004) listed the position of financial planner as one of the twenty hottest professions for the future.
• Figures provided by the Financial Planning Association indicate that the average annual salary for a sole proprietorship/partnership is approximately $87,000 plus a bonus of $100,000, for a CEO of a financial planning firm is $146,000 plus a bonus of $75,000, and for the average CFP® professional working in a typical financial advisory firm is $73,000 plus a bonus of $35,000.
• There are more millionaires in the United States, today, than at any other point in our history. The number is increasing due to an expanding economy, record stock market growth, increases of co-funded 401(k)'s, and many other factors. Thus, today's affluent market is investing its wealth. According to USA Today, "Baby Boomers" will be eligible to inherit over $20 trillion over the next 20 years. Investing and selecting a financial planner will be a key part of their financial success.

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