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Shortage Spurs Rising Interest in Financial-Planning Grads

May 20, 2014

The academic community is doing its part to fill the growing need for more financial advisors.

With numerous studies suggesting there could be an acute shortage of financial advisors as the baby boomer generation of advisors retires from the industry, universities and colleges are launching new financial-planning programs and educating more students specifically for a career as a financial advisor.

"I'm amazed at how fast it's moving. We've seen very strong growth," said Charles Chaffin, a Ph.D. and director of academic programs and initiatives at the Certified Financial Planner Board of Standards. The board sets standards for the profession and certifies institutions to offer programs of study in the field.

"It's clear that university administrations and faculty at institutions who wouldn't have embraced the idea five or 10 years ago are now open to it," he added. Read more >

CNBC.com
By Andrew Osterland
May 20, 2014
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