With the number of people age 65 or older expected to increase from 36.3 million in 2004 to 86.7 million by 2050, more financial planners are specializing in serving the senior market, The New York Times reports. At least four professional groups are now offering certifications in financial gerontology, with many of the programs expanding beyond financial consulting to encompass healthcare services and most of the certificates achievable in only a few days.
Currently, there are an estimated 150 Registered Financial Gerontologists, 260 Certified Retirement Financial Advisers, 3,500 Certified Senior Advisers and 1,000 Chartered Advisers for Senior Living. Other programs offer accreditations called Registered Financial Gerontologist, Certified Retirement Financial Adviser. Only the Chartered Adviser for Senior Living program takes a year to attain.