10 years ago in the Profession

March 2002
Journal of Financial Planning;Mar2002, Vol. 15 Issue 3, p21
Academic Journal
The article provides information about the financial planning profession in the past years in the U.S. "Money" magazine asserted that financial planners were the second-best paid professionals across the country, averaging at $144,000 per year. However, the International Association for Financial Planning discharged such figure, stating that a small number of highly paid planners skewed the average. Meanwhile, planners were having a hard time working out on how to counsel retirees about investing in the 1990s because they did not think the double-digit equity returns of the 1980s would go on in the 1990s, the author said. Moreover, the Internal Revenue Service observed the broker/dealers-independent representative relationship in light of tougher restrictions on independent contractors.


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