How Financial Planners Drive Equality | Herald Community Newspaper

Financial Planners


(News USA) – Financial planning is about helping individuals and families make sound financial decisions to achieve their life goals. Providing these services to a diverse range of clients helps financial planners bridge the gap between different communities.

A growing body of research shows that minority communities in the United States are growing in size and amassing more wealth. However, research also shows that persistent racial disparities exist in wealth, financial literacy, and access to or use of professional financial advice.

For example, the Financial Industry Regulatory Authority (FINRA) has found that African American and Hispanic individuals tend to score lower on financial literacy tests than Asian American and Caucasian test takers. According to FINRA, African American and Hispanic adults are more likely to experience an unexpected drop in income, be unbanked, be unbanked, earn a living, or Saving for future expenses can be difficult.

certified financial plannerTMs Professionals play a key role in filling these gaps. CFP® Our professionals guide clients through building wealth, managing financial challenges, and securing their families’ financial future. Depending on the client, the task can be as simple as helping a family create and stick to a monthly budget, or as simple as developing a diverse investment strategy to save for retirement. It can be as complicated as In any case, CFP® Experts help clients build financial knowledge along with wealth. Both of these can lead to greater equality among diverse communities.

1,000 CFP® Experts across the country also partner with organizations that provide free, high-quality, personal financial advice to individuals who otherwise may not have access to financial planning services. For example, the Foundation for Financial Planning connects volunteer financial planners with individuals and families in need through a variety of programs. These programs offer many benefits of financial planning to those who cannot afford professional financial advice, live in underserved areas, or have other personal challenges. Provides benefits.

CFP® Professionals help promote financial literacy and financial planning awareness within the community as well. Many of them share this knowledge by attending community events or leading workshops and other educational programs at community centers. Wall Street, his one program offered by Rock the Street, adopted his CFP® Professional volunteers who provide financial literacy and investment guidance to high school girls and encourage them to consider careers in financial services.

Having a career as a certified financial plannerTMs As professionals, you can improve people’s financial lives and make a real difference in your community. To learn more about financial planner jobs and the benefits of a financial planning career, visit CFP.net and become a member of the CFP Board. Download our free Guide to a Career in Financial Planning.





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