Financial Advisors Can Make A Difference For Others


19 March 2009
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The current economic climate is providing people who work as financial advisors with many different opportunities to try to help ease the economic pain of others.

This week, California's Ventura County Star newspaper noted that a free medical clinic in Thousand Oaks now provides help for people suffering from financial problems as well as medical problems.

The free service is provided by California Lutheran University's Institute of Finance and is especially helpful because of the larger numbers of lower-income consumers who have been preyed on by unscrupulous lenders or are suffering from job loss or tough economic conditions in general.

"Our whole philosophy is to be a one-stop shop for the needs of working people in our community," clinic director Lisa Safaeinili told the newspaper.

According to the Bureau of Labor Statics, overall demand for financial advisors is expected to soar by 37 percent in the coming years, in part because the Baby Boom generation will require professionals to handle their retirement savings as they age.

The BLS adds that demand for personal financial advisors will be even higher, at 41 percent projected growth.

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