Financial planners are now amongst the highest paid professionals globally, says Ranjeet S Mudholkar.
Financial planning is an ideal career for the people who like to interact with people, who have interest in markets and a flair for mathematics. They are now one of the highest paid professionals globally. As independent financial advisors your income may depend on a variety of factors including expertise, experience, clients, geographic location, etc. You may adopt the following models for income generation:
A wide range of career opportunities are available for those seeking to enter this field. Financial planning is increasingly becoming an integral part of financial services sector in India. Job opportunities are available with private banking, wealth management, insurance sector, broking outfits and mutual fund companies. They are employing financial planners to provide value added services to clients and infuse an element of advisory in their distribution channels. FPSB India has passed a board resolution to give first preference to CFP professionals in recruitments.
There are other options too as financial planners are exploring new avenues. Here is a low down on some of careers:
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The author is the vice chairman and CEO, Financial Planning Standards Board India