Financial Planning: Facts and Trends

Financial Planning is Hot

U. S. News and World Report listed the position of financial planner as one of the twenty hottest professions for the future. They note that the entry of baby-boomers into middle age with a bewildering array of investment choices will make financially planning a really hot profession in the future. This said, financial planners interviewed recently point out that getting a solo practice going as a financial planner today can be difficult and highly competitive.

Pay Attention to the Details

To make it in financial planning you need to know the details of various investments, tax law, estate planning strategies and you need to be good at marketing yourself and listening to your customers.

High Growth Expected in Financial Planning

The field of financial planning is expected to experience substantial future growth, but it's a hard field to start in because most financial planners work in entrepreneurial one or two person shops and have difficulty affording new hires. Getting that crucial starting experience is the hardest part.

Quite a Few Financial Planners Already

According to the Consumer Federation of America there are over 250,000 financial planners. The largest company in the field is IDS Financial Services, a division of American Express.