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'Bullish' jobs market for US planners

While the outlook for the US jobs market as a whole looks sluggish, an upward trend for jobs in the financial planning sector has been predicted by US brokerage and custody firm TD Ameritrade.

“Jobs in financial planning are booming and expected to grow at more than double the average growth rate for all occupations by 2020,” said a statement from the company, citing figures from the US Department of Labor.

In response to the projected statistics, TD Ameritrade has launched a financial education scholarship program for prospective financial planners, to ensure there is not a “talent shortage” as the industry grows.

“As more than 75 million baby boomers enter retirement many will be looking for the expertise of a financial advisor to help them manage their money and pursue their financial goals,” said Tom Nally, president, TD Ameritrade Institutional.

“A career in financial planning can be highly satisfying and financially rewarding, offering flexibility, as well the opportunity to make a positive impact on the lives of individuals and families.”