Personal financial advisors provide advice to help individuals manage their finances and plan for their financial future.
A four-year bachelor's degree in finance, economics, accounting, business, law, or a related field is necessary to obtain this position. A higher degree (master's) in a related field, which may take an additional two years to earn, would be more valuable.
Employment of personal financial advisors is projected to grow 4 percent from 2019 to 2029, about as fast as the average for all occupations. The primary driver of employment growth will be the aging population. As large numbers of baby boomers approach retirement, more are likely to seek planning advice from personal financial advisors.
Most personal financial advisors work in the finance and insurance industry or are self-employed. They typically work full time and may meet with clients in the evenings or on weekends.