Emerging Industry Overview: Financial Planning Services
Industry Snapshot
Financial planning is a holistic approach to personal financial management that has flourished since the mid-1980s. Rising levels of wealth and consumer sophistication about finances have fueled the upswing, as has deregulation of the financial services industry. Experts predict the pace of growth will remain brisk, and even increase, as baby boomers near retirement and as large institutions target planning services at middle and lower income people.
The financial planning industry has experienced a number of significant trends. These included millions of baby boomers who were not adequately prepared for retirement, Social...