Not surprisingly, as retirees fear outliving their money, jobs for personal financial advisers are expected to be one of the faster-growing occupations over the next decade, with a projected growth rate of 27 percent by 2022, according to the Labor Department.
A background in finance, accounting, business, mathematics or even law is the best groundwork for a financial planner. And there are a growing number of online courses available to ramp up expertise.
At the New York University School of Continuing and Professional Studies, for example, a Financial Planning Professional Certificate costs $5,650 for a nine-month online program.
The key is to offer advice to an older client on a range of issues beyond investments to help protect and preserve their assets, so they can maintain their independence, said Joseph V. Maugeri, [CFP®], the director of firm relations at CFP Board, a nonprofit organization that sets and enforces professional standards in personal financial planning, based in Washington. Read more >
The New York Times
By Kerry Hannon
March 7, 2014