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Hirings/Transitions

Financial Advisor Now Among Toughest Jobs to Fill

February 6, 2017

Many investors wouldn't mind a little hand holding from a pro – especially during volatile times like these. Problem is there aren't enough to meet demand.

 

There are about 76,000 certified financial planners (CFPs) in the U.S. now, but there's room for more. In fact, financial advisors, in general, are one of the most in-demand positions, according to a recent CareerCast report on the toughest jobs to fill.

 

To better manage periods of extreme market volatility, some advisory firms, including Betterment and Charles Schwab, are already beefing up the number of advisors on hand to enhance their automated investing services for clients. But the greatest challenge is finding applicants with the necessary skills. "It's not necessarily a career that jumps out at” finance and business graduates.

 

Industrywide, financial advisors have a 30% growth outlook, well above average, and an annual median salary of $89,160, according to the Bureau of Labor Statistics.