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1/17/2014 - Poll: Financial planners love what they do


The survey also found that financial planners spend a good portion of their working day in constant contact with customers, as 87% said that advising clients was their primary role.

A new survey suggests that if financial planners had the chance to go back in time and change the course of history in order to enter an alternative line of work, they wouldn't do it. In fact, they would likely take the same path that they did in order to get to where they are today.

The poll, which was conducted by Fondulas Strategic Research, found that more than nine in 10 money management professionals are "very satisfied," with their career choice, according to the Certified Financial Board of Standards. That's up 6% from 2011 when a similar survey was performed. Additionally, more than two-thirds indicated that obtaining certification played a role in their professional success.

"The CFP certification is of great value to people's careers, their employers and most importantly, their clients," said Kevin R. Keller, CEO for the nonprofit regulatory organization. "The support of our nearly 69,000 CFP® professionals is important to the CFP Board's work, especially as we continue to strengthen our standards and ensure that the public seeks financial advice from competent and ethical financial planning professionals."

The survey also found that financial planners spend a good portion of their working day in constant contact with customers, as 87% said that advising clients was their primary role.

Consumers often turn to financial planners so that they can get their expenses in order or for advice on how to invest so they can maximize their economic success. Occasionally, however, planners may make recommendations that go poorly for their clients, who opt to sue in order to regain their losses. Selective provides business owners insurance that planners might require for court costs or other liabilities they may be accused of.


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