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March 31, 2023
New Mexico’s Legal & Financial Weekly
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Benefits for Women Becoming Financial Planners
T
he financial services industry is changing and diversifying, and this includes women becoming financial advisors at a rate higher than ever before.
Vol. 10.103 No. 13
AUCTIONS: 18 SPANISH NOTICES: 3
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If you’ve ever considered a career in financial planning, now may be the perfect time to take the leap. Benefits include high earning potential, flexible work hours, professional growth, and more.
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High Earning Potential There’s a clear demand for financial advisors, and women are moving into those positions. The Bureau of Labor Statistics predicts job opportunities for personal financial advisors will grow 15% in the next 8 years — much faster than the average for other occupations. With all that demand, financial advisors can potentially earn high salaries, including into the six figures. Flexible Work Hours Since the COVID-19 pandemic, more businesses have become open to employees working remotely and establishing flexible working arrangements, including in financial services. Women can tailor their career choices and create schedules allowing for balanced work and personal life. Professional Growth More firms and businesses are recruiting women with opportunities to become financial planners, investment advisors and wealth advisors. Many provide professional development programs, including assistance for those pursuing advanced Empowerment training such as CERTIFIED FINANCIAL PLANNER™ certification. Additional support is available through CFP Board, which offers scholarships As more women become advisors, they can empower other women to take control of their financial future. It’s important that CFP® professionals and mentoring programs. reflect the public they serve, and women CFP® professionals can act as role “There is also a growing number of women who are willing to mentor models and provide guidance to other women interested in finance. Many younger women and make it their life’s work to make sure we’re reaching women are even going on to start their own firms. The number of womenback down and pulling people up,” explains Kate Healy, Managing Director led firms is growing thanks to women supporting each other through of CFP Board Center for Financial Planning. “It’s wonderful to see and networking, advice and feedback. really starting to have an impact.”
Helping Clients Achieve Financial Goals
To learn more about the opportunities available within the financial planning profession, as well as financial planner training and compensation, check out CFP Board’s Career Guide. Explore how you can become a CFP® professional, with all the benefits that provides.
One of the most rewarding aspects of becoming a financial planner is helping others achieve their goals and improve their quality of life. CFP® professionals can help navigate many of life’s big transitions, from saving for -(NewsUSA) college savings to preparing for retirement.