Twelve Months, Three Acts

Barnash, James A.
October 2004
Journal of Financial Planning;Oct2004, Vol. 17 Issue 10, p18
Academic Journal
The article presents the author's opinion on the role of mentorship in the culture and practice of the financial planning profession. Mentorship continues in the field of financial services, as of 2004. Many of the financial planners have done some mentoring at some point in their career, but they need to do more. Others might say they do not possess the skills to be mentor, yet what each of these financial planners has is exactly the resources new entrants to the profession need. For mentorship to work, there are important factors to consider. The first is for mentors to provide the growth in numbers of certified financial planning practitioners. Second is the timing of this initiative-- financial planners should start moving forward. Third, the profession needs the system and process to make this part of the long-term culture. As members of the Financial Planning Association, planners believe every individual has the right to a qualified, competent, and ethical financial planning service. The numbers of planners must grow faster and larger than the pace they have been on for the last 32 years. If only planners perform three mentoring acts in the name of the profession, they can institutionalize and make mentoring part of the culture of the financial planning profession.


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