What are other potential career opportunities for a financial planner?

If your career as a financial planner doesn’t feel like the end-all be-all for your future, your background and experience give you a lot of opportunities to transition into something different. Keep reading to explore some career options that might be a good fit for you.
Hassan Said

Hassan Said

Chief Customer Officer at Roowaad.

Financial Advisor and Wealth Manager

A financial planner has a wide array of career opportunities. They could consider becoming a personal financial advisor, offering tailored advice to individuals about investments, insurance, and retirement. They could also step into an investment advisor representative role to manage clients’ portfolios.

Another potential path is becoming a wealth manager, providing high net-worth clients with a comprehensive suite of financial services. They might also consider roles in corporate finance or even teaching finance in an academic setting. Of course, this is just the tip of the iceberg. The financial sector is vast and diverse, offering a multitude of potential careers.

Broker or CPA

If you have been a financial planner for a while and want to take your career in a new direction, there are several positions you could consider.

For example, you could become a broker instead, which offers more opportunities to stay on top of the latest financial trends. If furthering your education is a welcome part of your new career journey, consider becoming a CPA. Whether you work with individuals, businesses, or both,
you’ll find this position rewarding.

Jake Hill

Jake Hill

CEO at .
Adam Garcia

Adam Garcia

CEO/Owner at .

Retirement Planning Specialist, Financial Educator, Financial Analyst, Entrepreneur

Retirement Planning Specialist
Retirement Planning Specialists help individuals and organizations design and implement effective retirement benefit packages. They navigate the complexities of retirement plans, and pension plans, ensuring compliance with regulations and maximizing the benefits for employees while minimizing costs for employers.

Financial Education
If you are passionate about educating others in personal finance, consider a career in Financial Education. You can write books, create online courses, or conduct workshops to empower individuals with the knowledge and tools to manage their finances effectively. This role can significantly impact people’s lives by improving their financial literacy and promoting better financial decision-making.

Financial Analyst
Financial Analysts conduct in-depth research on market trends, companies, and investment opportunities. They provide data-driven insights and recommendations to support strategic decision-making for corporations, financial institutions, or investment firms. Financial planners possess excellent analytical skills, making them well-suited for roles in financial analysts.

Entrepreneurship is another path for financial planners. Some may choose to start their financial planning firms or consultancy practices. As entrepreneurs, they can define their niche, target audience, and service offerings. This path requires financial expertise, business acumen, marketing skills, and the ability to build a loyal client base.

Market Research Analyst

Market research is an essential aspect of successful businesses. As a market research analyst, you’ll study markets for specific products and services. This is a process that is not unfamiliar to financial planners as many have to have a certain degree of understanding of these things to advise their clients best. As a market research analyst, your work will provide critical insight to businesses about which demographics to target, what kinds of products and services people want, and how much they’re willing to pay.

Andrew Chen

Andrew Chen

Chief Product Officer at .
Saad Alam

Saad Alam

Co-founder/CEO at .

Chief Financial Officer

Financial planners can be strong candidates for Chief Financial Officer positions. CFOs are the head of a business’s financial operations. While other financial roles give advice and consult on issues regarding finances; CFOs make the final calls for significant financial planning situations. They’re responsible for reporting procedures that align with industry regulations and creating economic policies.

Portfolio Manager, Insurance Agent, Risk Manager, Financial Writer

Portfolio manager: Portfolio managers manage the investment portfolios of clients. They select investments, monitor performance, and make adjustments as needed.

Insurance agent: Insurance agents sell insurance policies to individuals and businesses. They help clients understand their insurance needs and find the proper procedures.

Risk manager: Risk managers assess and manage the risks businesses and organizations face. They develop and implement risk mitigation strategies to protect assets and minimize losses.

Financial writer: Financial writers write about financial topics for various audiences. They may write for newspapers, magazines, websites,or financial services firms.

Felix Naundorf

Marketing Expert & Founder at .

Andy Kalmon

CEO at .

Investment Advisor

A financial planner looking for other career opportunities could consider receiving their CPA license to work in accounting. Generally, you’re looking at other opportunities within finance, which could also involve managing stock portfolios or becoming an investment advisor or broker.

This is a crowdsourced article. Contributors' statements do not necessarily reflect the opinion of this website, other people, businesses, or other contributors.