Author: George Mentz
“Education, health, and retirement costs are increasing. Lifespans are lengthening. The pension and Social Security safety nets are fraying.” 
The role of the personal financial planner or financial advisor “has exploded as baby boomers reach retirement age and seek advice on making their nest-eggs last.”  In addition, “younger folks are seeking guidance on managing savings and retirement accounts in lieu of a company pension plan.”  However, new products and services in the financial world such as ETFs, may eliminate the need for traditional financial planning investment advice but increase the need for other guidance on other complex wealth management issues.  Since ETFs are freely exchange traded while representing a stock holding various securities, ETFs should facilitate diversity while also limiting fees and sell restrictions. 
More and more individuals are moving toward planning their own personal financial future.  This is the first time in American history that traditional workers been required to personally assume this much responsibility for their retirement investing. 
Moreover, in a 2008 report it was indicated that wealth management firms will sharply increase hiring from 2010 to 2020 because of the impending retirement.  In addition, over the coming decade, wealth management firms will have substantially more client opportunities because the pool of high-net-worth individuals (HNWI) globally.
According to another study only 50% of HNWI High Net Worth Individual assets are currently managed by professionals. An unprecedented amount of retiring boomers who had not previously used a wealth manager now require one to transition their asset portfolios to income ones, plan succession, and balance potential medical care needs. Wealth management firms therefore have a pool of approximately five million (and expanding) new client opportunities. 
Overall, qualified wealth management professionals should have the relevant licenses from FINRA or the Insurance Authority, but also should have completed accredited program exams and education. This is why when you hire a professional; they should have a credential that requires accredited program education and exams. Examples of such credentials that require accredited program exams or state exams include: MBA, CPA, JD, MSc, LLM, Attorney License, or CWM Chartered Wealth Manager Certification.   
A great start to finding a career in banking and finance would be searching online with www.AAFM.eFinancialCareers.com This career portal shows available jobs around the world in finance, banking, investments, hedge funds, risk management, insurance, compliance and more. 
A excellent opportunity to take courses in tax, finance, estates, asset management, wealth management and compliance is to apply to the online graduate program at: http://llmprogram.tjsl.edu
The study reports that the new generation of HNWIs is predominantly 70% self-generated wealth; through entrepreneurship or executive compensation. These HNWIs consider it normal business practice to seek outside expertise and are more likely to consult with financial advisors. 
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George Mentz, JD, MBA – an international lawyer, editor, author and contributor in the areas of personal finance, securities law, and wealth management. Prof. Mentz continues to consult with the US Government and United Nations on issues related to careers and education. Dr. Mentz is the first person in the US to obtain quad credentialing as a lawyer, Double Accredited MBA, Juris Doctorate Degree, financial consultant certification, and qualified financial planner. Mentz and his educational & professional development firms have worked with thousands of executives in over 150 countries. Dr. Mentz has taught over 200 business and law courses at various accredited institutions, and he is the founder of the Mentz Consumer Protection, Class Action, and Securities Law Firm http://securitieslawyers.us Mentz has served on the advisory boards of the: The African Economists Association, The Royal Society of Fellows, The Arab Academy of Banking & Finance, The China Wealth Council, The GFF Global Finance Forum in Switzerland, and the Indian Academy of Financial Management. Mentz is the winner of several faculty awards and a meritorious award for charitable service. Mentz has been a pioneer in promoting accredited program courses, exams and standards as a government recognized path to professional certification.
 Dan Olsen. “Personal Financial Planning: Making the Transition”. The Finance Professionals Post. New York Society of Security Analysts.” 2/24/2011. http://post.nyssa.org/nyssa-news/2011/02/personal-finance-planning-making-the-transition.html. Last Accessed 5/25/2011.
 CNN Money. “Most Job Growth-Personal Financial Advisor”. 2009. http://money.cnn.com/galleries/2009/moneymag/0910/gallery.bestjobs_jobgrowth.moneymag/3.html. Last Accessed 5/24/2011.
 D. Armstrong. Why ETF Investors Need to Do their Homework http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2011/02/11/why-etf-investors-need-to-do-their-homework
 CNN Money. “Most Job Growth-Personal Financial Advisor”.
 See Advisorfyi.com-Summit Business Media/The National Underwriter Company. “Wealth Management Employment in the Coming Decade.” Posted October 11th, 2010. http://www.advisorfyi.com/2010/10/wealth-management-employment-in-the-coming-decade/. Last Accessed 5/25/2011. Citing Cap Gemini.
 United States Government Department of Labor, Bureau of Labor and Statistics, Financial Analysts and Personal Financial Advisors. Occupational Outlook Handbook, 2010-11 Edition.” http://www.bls.gov/oco/ocos301.htm
 FINRA Financial Industry Regulatory Authority – Understanding Professional Designations – http://apps.finra.org/DataDirectory/1/prodesignations.aspx
 Wealth Management Certifications Wall Street Journal – http://online.wsj.com/article/SB109883075169856486.html
 Ibid., citing Oliver Wyman.