{"id":489544,"date":"2022-09-01T22:12:47","date_gmt":"2022-09-01T19:12:47","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/high-demand-for-financial-planners-ensures-long-term-job-security\/"},"modified":"2022-09-01T22:12:47","modified_gmt":"2022-09-01T19:12:47","slug":"high-demand-for-financial-planners-ensures-long-term-job-security","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/high-demand-for-financial-planners-ensures-long-term-job-security\/","title":{"rendered":"#High demand for financial planners ensures long-term job security"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a326b6851066\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a326b6851066\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/high-demand-for-financial-planners-ensures-long-term-job-security\/#%E2%80%9CHigh_demand_for_financial_planners_ensures_long-term_job_security%E2%80%9D\" >&#8220;High demand for financial planners ensures long-term job security&#8221;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/high-demand-for-financial-planners-ensures-long-term-job-security\/#%E2%80%9CAfter_a_doctor_a_financial_planner_can_be_someones_most_important_advisor_To_have_the_most_impact_on_their_financial_health_you_need_to_care_about_people_and_you_need_to_be_good_at_asking_questions%E2%80%9D\" >\u201cAfter a doctor, a financial planner can be someone\u2019s most important advisor. To have the most impact on their financial health, you need to care about people, and you need to be good at asking questions.\u201d<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CHigh_demand_for_financial_planners_ensures_long-term_job_security%E2%80%9D\"><\/span>&#8220;High demand for financial planners ensures long-term job security&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n                                                                        <strong>FOR YEARS NOW<\/strong>, businesses and policymakers have warned of the so-called skills shortage in Canada. Most Canadians have heard about the urgent need for more employees with <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">science<\/a> and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> training and, thanks in large part to the pandemic, for workers in the hospitality, construction and manufacturing sectors. Yet there is another occupation that is in very high demand, though it might not get as much attention: financial planning. In fact, the job prospects for those who choose this career are excellent.<\/p>\n<p>Financial planners develop strategies to help people achieve their financial goals. A number of factors are driving the need for more highly trained, certified professionals, including demographics, industry trends and changes in legislation, not to mention Canadians\u2019 high levels of financial stress.<\/p>\n<p><strong>Aging population, longer retirements, immigration<\/strong><br \/>By 2030, seniors will make up almost a quarter of Canada\u2019s population, so we can expect a flood of retirements in the next few years. That includes the financial industry itself: One recent survey found that more than half of financial advisors are over 55, meaning the will soon retire. \u201cSome senior advisors in particular are concerned that there won\u2019t be enough properly educated people to manage all the large books of business that will need to be transitioned,\u201d says Christine Van Cauwenberghe, who as head of financial planning at IG Wealth works with more than 3,300 financial planners and advisors. Those with highly regarded credentials, such as FP Canada\u2019s Certified Financial Planner\u00ae certification and Qualified Associate Financial Planner\u2122certification, will have a strong competitive advantage, she adds.<\/p>\n<blockquote>\n<h3><span class=\"ez-toc-section\" id=\"%E2%80%9CAfter_a_doctor_a_financial_planner_can_be_someones_most_important_advisor_To_have_the_most_impact_on_their_financial_health_you_need_to_care_about_people_and_you_need_to_be_good_at_asking_questions%E2%80%9D\"><\/span>\u201cAfter a doctor, a financial planner can be someone\u2019s most important advisor. To have the most impact on their financial health, you need to care about people, and you need to be good at asking questions.\u201d<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/blockquote>\n<p>Meanwhile, life expectancies are longer than ever. Retirees once needed to save for 15 years of life after work, they now have to plan for 25 or more. All those aging workers will be looking for the kind of retirement advice only professional financial planners can provide.<br \/>Then there are the 300,000 or more new Canadians who arrive each year, many of whom are unfamiliar with the financial services industry here, including their options for education savings, investing, insurance and other methods to boost financial well-being. \u201cBack in the Philippines, we didn\u2019t have tax-free savings accounts or registered retirement savings plans,\u201d says Jay Mallari, a QAFP\u2122 professional who immigrated to Canada in 2011 and is now president of Cambria Financial Solutions in Burnaby, B.C. \u201cWhen I work with new immigrants, 95 per cent of the time it begins with educating them about strategies that can benefit them in the long run.\u201d<\/p>\n<p><strong>Industry efforts to ensure access for all Canadians<\/strong><br \/>The financial advice industry is also working to increase access to its services, after an extensive 2021 FP Canada survey that found many Canadians worry they may face discrimination from financial experts, lack the confidence to seek help or simply feel it isn\u2019t available to them.<br \/>\u201cNot all Canadians experience the same level of confidence or well-being when it comes to their finances,\u201d wrote Tashia Batstone, president and CEO of FP Canada. \u201cFor example, Indigenous peoples, the 2SLGBTQI community, women and people living with disabilities all under-index on these key measures of financial wellness.\u201d<\/p>\n<p>More planners will be needed to ensure wider access, and FP Canada has called on the industry to work together to expand the diversity of those entering the profession, so more Canadians see themselves reflected in it.<\/p>\n<p><strong>Legislative changes<\/strong><br \/>For those considering financial planning as a career, recognized designations such as the ones FP Canada provides might well become a must-have. That\u2019s because provincial governments are increasingly turning their attention to ensuring that financial planners adhere to high professional standards and serve their clients ethically and competently. Ontario, for instance, recently enacted standards that require anyone using the \u201cfinancial planner\u201d title to hold an <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved credential such as CFP\u00ae certification or QAFP certification, and industry watchers expect other provinces to follow suit. Meanwhile, major employers increasingly expect their financial planners to have an FP Canada designation. At IG, \u201cwe strongly encourage our financial planners to get one,\u201d says Van Cauwenberghe.<\/p>\n<p><strong>Financial stress-release valve<br \/><\/strong>An FP Canada survey released in June found that half of Canadians worry about money, and Gen Zs in particular report anxiety, depression and mental health challenges as a result. But those who work with a CFP professional or QAFP professional say they sleep better and have lower levels of money-related stress. It\u2019s another factor that feeds demand for financial planners.<br \/>If you want to help people and contribute to their overall well-being, a career in financial planning might be for you, Van Cauwenberghe says. \u201cThere are a lot of very dedicated, caring young people out there who could really make a positive impact in the lives of many Canadians.\u201d<\/p>\n<p><strong>Graduate with skills for an in-demand financial planning career. One that makes a difference in people\u2019s lives. Start at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/www.becomeanancialplanner.ca\">www.becomeafinancialplanner.ca<\/a><\/strong><\/p><\/div>\n<p><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.macleans.ca\/education\/high-demand-for-financial-planners-ensures-long-term-job-security\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;High demand for financial planners ensures long-term job security&#8221; FOR YEARS NOW, businesses and policymakers have warned of the so-called skills shortage in Canada. Most Canadians have heard about the urgent need for more employees with science and technology training and, thanks in large part to the pandemic, for workers in the hospitality, construction and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":489545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/08\/fpcanada_ladyFP-766x431.png","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[10574,132786],"class_list":["post-489544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-education","tag-financial-planning"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/489544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=489544"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/489544\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/489545"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=489544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=489544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=489544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}