How much does a cfp make

It also notes that the rise of robo-advisors may temporarily lessen demand for financial advisors. The latest BLS data shows that California ranks among the highest in terms of financial advisor employment. We detail some of the the main points below:. At the most basic level, a financial advisor needs to have financial expertise.

Some universities offer a specific degree for something like financial planning. Because a financial advisor needs to work closely with and understand clients, individuals from non-finance backgrounds, like psychology, might also find success.

Having a sales background can help because many advisors work off commission. Financial advisors will also need to earn certain certifications or licenses depending on the fields they want to work in. Each certification program will have its own requirements. These requirement could include a specific degree, coursework, a certain amount of experience or passing exams.

Financial advisors are typically experts in certain areas of finance, and they use that expertise to help clients make wise financial decisions.

Companies are also dropping plans for defined pension benefits. As a result, more people are forced to save and invest for their own retirement, and are seeking advice from financial advisors.

A certified financial planner is one of the most highly compensated jobs with a strong growth rate. It is a challenging occupation that provides plenty of rewards when educating people about managing their money and accumulating ample funds for a secure, comfortable retirement.

James Woodruff has been a management consultant to more than 1, small businesses. As a senior management consultant and owner, he used his technical expertise to conduct an analysis of a company's operational, financial and business management issues. James has been writing business and finance related topics for work. By Jim Woodruff Updated July 20, By Company. Take our salary survey to see what you should be earning. Get a Demo Price a Job. Get a Demo My Account.

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