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(Source, Newsweek, March 12, 2001)
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The National Endowment for Financial Education, in a 2000 survey reported that experienced, educated planners earn over $100,000 annually.
The average income reported by the Association for Investment Management and Research reports their planners earn $185,000 as quoted by Newsweek (Source: Newsweek, March 12, 2001).
Financial planners can earn their incomes through fees, commissions, and salary.
Financial planners can be paid:
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by the client - for their consulting and plan development work charging by the hour or flat fees and/or |
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by the financial institutions – through commissions on financial products sold to clients and/or |
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by the organization/ employer – through a salary from banks, credit unions, and other related financial organizations. |
In all cases, the planner with training and experience has a higher range of potential income.
Click here to apply online.
Most financial planners maintain a steady client base and consult by appointment only.
Therefore, financial planners tend to set their own hours, work at their own pace, and consult in their office or travel to meet the clients where they live and work.
Many planners even choose to open their own private practice.
Being able to choose when, where, and how you work was an outstanding reason why the 2001 Jobs Rated Almanac chose financial planning as the number one profession in America.
When comparing criteria such as environment, employment outlook, income, and stress, financial planners enjoy a low stress profession relative to other industries and specialties.
The nature of financial planning work is long-term and relationship oriented.
By taking this approach planners transcend the day-to-day bumps of financial markets and the pressure of meeting regular sales quotas.
By serving the needs of their clients strategically and ethically, financial planners endure and prosper.
Considering the potential income, autonomy, and environment, Kaplan University's tuition is an excellent investment for you, the future financial planner.
To get started, click here. |
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