We certainly are living in interesting times. New developments keep the Bernie Madoff scandal fresh in the minds of potential clients. The effects of the Great Recession linger on. And the government appears ready to impose new oversight on the investment advisor community.
It seems we have reached a point where even good news seems tainted. Some 200,000 people work as investment advisors, and the employment outlook is strong. The Wall Street Journal noted recently that with retirement woes on the rise, the need for advisors is growing and the financial planning ranks could swell to 270,000 by 2018-faster employment growth than in any other profession. But with more advisors, of course, comes more intense competition.
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