A recent survey of financial planners by Curian Capital, LLC, indicates increased optimism about the global economy. Curian Capital provides customized investment management products and services.
The Curian Advisor Survey: 2013 Outlook for Advisor Priorities asked 2,000 advisors in early January questions about the economy, including assessment of potential threats, rising interest rates and other investment-related questions. The results, published in the study and in a press release, indicate that the vast majority of respondents felt neutral (26 percent) to positive (54 percent) about the economy, while the remainder were still pessimistic.
In the release, Chris Rosato, senior vice president of strategic development for Curian, states that over the past year, he and his colleagues have seen a marked increase in optimism among financial planners.
Nationwide, about 25 percent of all households use the services of a financial planner, according to a report by professor Sherman D. Hanna of Ohio State University. As life expectancy increases and concerns about social security benefits grow, more people are seeking the services of professional financial advisers to help them plan for retirement.
The Federal Reserve study indicates the number of people seeking advice from professional financial planners has increased as people’s overall net worth increases. As the economy improves, it is likely that people will once again see their net worth rise, and the need for financial planners will increase.
In fact, the Bureau of Labor Statistics indicates that the jobs in this field are expected to grow by 32 percent between 2010 and 2020, making it among the fastest growing job fields nationwide. Financial planners can expect to make nearly $65,000 per year on average. The highest paid professionals in this industry earn well over $100,000 per year, especially if they work in large metropolitan areas.
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