ID: XXXXXXXX

Name: ANSWER KEY
		
Email: torainj@person.k12.nc.us	Personal Finance

_____Satisfactory	_____Unsatisfactory	

Career Associated Financial Record Keeping

33 points total 

Use http://www.f4k.org to profile the career. Username: person Password=rockets. Click Careers and type Personal Financial Planner .  Click the career and use the General Menu to  Complete this profile now and save it in your Unit A folder, a place you can find later; you will turn it in later.

Career/job title: Personal Financial Planner 
	
Information source (If you obtained your information from a Web site, write the specific Web address):
https://www2.careercruising.com/careers/profile-at-a-glance/322

Job description: 
•	Gather and examine information about clients’ financial status
•	Assess clients’ debts, assets, and income
•	Help clients determine their financial goals and objectives
•	Recommend financial plans and investment strategies

Required education and/or training for employment (include degrees, if applicable):
•	A bachelor’s degree in business or a related subject (4-Year College or University)
•	Professional certification is available and may be required
	
Time required for education and/or training (months or years):
•	Some colleges offer bachelor’s (4 years) or associate degree programs (2 years)
•	 Other schools offer certificate programs in financial planning (6 months to 1 year). These programs are shorter than degree programs, and may require either a bachelor’s degree or prior experience in the financial services industry.
	
Qualifications (certifications, required licenses):
The education requirement for attaining CFP® certification includes two main parts: 
1.	Complete college or university-level coursework through a program registered with CFP Board, addressing the major personal financial planning areas identified by CFP Board’s most recent Job Analysis Study; and 
2.	Verify that you hold a regionally accredited college or university bachelor’s degree or higher (accreditation must be recognized by U.S. Department of Education at the time the degree is awarded).
The coursework requirement must be completed before you apply for the CFP® Certification Examination; the bachelor’s degree requirement may be completed after you pass the exam (within five years). 
Desirable personality traits (N/A or “none” is not an acceptable response):
•	Some developed mathematical and analytical skills to understand all the complex issues involved with financial planning.
•	Be able to put the pieces of the client’s life together with the big financial picture.
•	Have solid integrity (honesty) to build trust with clients because you’re dealing with personal issues, planning for every possibility, including death or disability.

Required knowledge and skills (including computer hardware and software expertise, machinery expertise; N/A or “none” is not an acceptable response):
•	Math skills
•	An interest in economics
•	Communication skills
•	Problem-solving skills
•	Analytical

Working conditions (including environment, work setting, and hours of work per week):
•	Work for financial planning businesses, trust companies, accounting firms, banks, and other lending institutions, or are self-employed
•	Work in offices, though those who are self-employed often work from home
•	Local travel may be required
•	Long hours in front of a computer can cause eye, wrist, and back strain
•	Usually work 40 hours a week, sometimes including evenings and weekends

Earnings:
North Carolina Wages
Occupation: Personal Financial Advisors
Level of Experience	Hourly	Annual	
Entry Wage	$20.46	$42,550	
Median Wage	$28.19	$58,630	
Experienced Wage	$40.53	$84,300	

Job outlook (e.g., Is the number of jobs increasing, decreasing, or remaining stable? If increasing or decreasing, what is the percentage of change?):

Advancement opportunities (e.g., Identify actual positions to which individuals could be promoted from this job):
•	Get some background knowledge in taxation and insurance
•	Create a network of people willing to work with you and refer business to you. 
•	Become certified. Though certification isn’t currently required, the industry may move in that direction.
•	Assistant / Associate Personal Financial Planner to Personal Financial Planner to Senior Personal Financial Planner	
Related occupations (job titles):
•	Related Careers: Account Manager, Actuary, Auditor, Bank Manager, Bookkeeper, Certified Public Accountant, Credit Counselor, Economist, Family and Consumer Scientist, Insurance Agent, Insurance Underwriter, Investment Advisor, Loan Officer, Real Estate Agent, Tax Preparer
	
U.S. and world regions with the greatest opportunity for this career (List specific regions or cities that offer the best opportunities for individuals in this career.): Note: It is not acceptable to just say “United States.” Specify the cities, states, or regions in the United States where the best opportunities exist.)
Clusters: Finance, Human Services
National Employment by Industry
Industry	% Employed	
Finance and Insurance 	69	
Self-Employed 	24	
Source: O*Net Online, Browse by Industry, US Department of Labor
http://online.onetcenter.org/find/industry

What travel opportunities are required as part of this job?
•	None to local travel

Do you have any interest in this career? (Yes, No, or Maybe):
Yes