5 Paths to a Rewarding Financial Planner Career | Herald Community Newspapers


(News USA) – The number of Americans quitting their jobs hit record highs in 2021. According to the US Department of Labor, more than 38 million people quit their jobs during the year. More than 4.5 million of those resignations took place in November alone.

If you were one of those millions, you might be starting the new year looking for a new job, one that offers more flexibility, work-life balance, and a greater sense of personal fulfillment. If so, the profession of financial planner might be right for you.

CERTIFIED FINANCIAL PLANNER™ professionals work with individuals and families to examine their financial situation and identify strategies to help maximize their chances of achieving their life goals. They may advise clients on saving for retirement, investing money to buy a home or start a business, or pay for a child’s education. Financial planners also help companies design and manage retirement plans and other financial programs for their employees.

Financial planning positions vary widely from company to company, and there are many ways to get into this in-demand profession. Here are five of the most common:

1. Join a company’s financial planning department. Financial planning departments draft financial plans, respond to customer questions and service requests, research investment options, and perform personalized analyzes of financial options and decisions.

2. Start a career in financial planning operations. Operations professionals maintain advisor and client records, gather client information, generate client reports, and assist with troubleshooting, among other responsibilities.

3. Work for a virtual counseling center. New hires at virtual advice centers answer calls from existing clients and help them with personal financial matters, ranging from stock trades to portfolio adjustments to account allocation. As employees gain experience, they move into more specialized financial planning roles and services.

4. Join the advisory team of the local branch of a bank or financial adviser. Here, a financial planner typically starts by helping clients open accounts, make transfers, and complete other basic service requests. Over time, they will handle more complex customer cases and deliver more advanced products and services.

5. Work for a company that supports financial planners. These include FinTech companies, asset managers and FinTech company platform providers.

The CFP Board’s recently released Guide to Financial Planning Careers provides more information on starting and maintaining successful careers in financial planning. You can also find job and internship opportunities in career counseling and financial planning on the CFP Board Career Center.

Whichever path you choose, pursuing a career in financial planning can bring you many personal and professional benefits in the new year. For more information on financial planning as a career, visit CFP.net/Why-CFP-Certification.


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