(NewsUSA) -Many of today's students are tuning in to the possibilities of a career in financial planning.
According to the Bureau of Labor Statistics, the demand for personal financial advisors is expected to grow at a rate of 4% through 2029, in part because of the increasing numbers of baby boomers who are retiring and are more likely to seek planning advice from personal financial advisors. Additionally, the replacement of traditional pension plans with individual retirement accounts is expected to continue, meaning individuals must save and invest for their own retirement, further increasing the demand for personal financial advisors.
A CERTIFIED FINANCIAL PLANNER™ professional works one-on-one with their clients to develop strategies for meeting both short-term and long-term financial goals. These goals might include paying off student debt, saving for a house or planning for an adventure-filled retirement. This level of personal financial planning service is in high demand. So that is why, according to the April 2020 Pulse Survey: The Impact of Covid-19 On CFP® Professionals and Their Clients, 78% of CFP® professionals surveyed reported an increase in client inquiries during the beginning of the pandemic.
CFP® professionals find not only job security, but also personal satisfaction in their chosen profession. For example, a 2019 CFP Board study conducted by Fondulas Research found that 93% of CFP® professionals reported they were satisfied with financial planning as a career choice and 92% were satisfied with their decision to pursue CFP® certification.
"Being a financial planner allows you to build the work-life balance that you want," says Dorsainvil, CFP®. For example, the CFP Board Center for Financial Planning's Career Paths Guide lists work-life balance as one of the top five attributes that makes financial planning an attractive career.
Dorsainvil decided to combine her CFP® certification skills with the virtual platforms of today's professional world. She is the Co-Founder and Co-CEO of 2050 Wealth Partners, which focuses on empowering entrepreneurs and first-generation wealth builders to own their money story and pursue their biggest dreams. "I decided to become a CFP® professional because I liked putting my clients' interests first and helping them make smart decisions as they pursue their financial goals," she adds.
Benefits of a career in financial planning include:
- Helping people. CFP® professionals commit to a Code of Ethics and Standards of Conduct that gives their clients the highest level of confidence. Competent and ethical CFP® professionals can make a difference in people's lives by providing honest and effective guidance and strategies to help them achieve their financial goals at key moments in their lives.
- Setting your own schedule. CERTIFIED FINANCIAL PLANNER™ professionals have many career options, so you can find the flexibility that suits your lifestyle. Some financial advisors work for banks or credit unions, others work for independent firms, and some work as solo consultants.
- Staying in Demand. Earning the CFP® certification is a solid investment in your future, as it is trusted and sought after by firms and clients alike. . The Bureau of Labor Statistics estimates roughly 11,600 job openings for personal financial advisors in this decade, with the number of openings only increasing as older financial planners retire.
More information about financial planning as a career choice can be found at CFP.net.