Lessons Learned and the Global Endgame

Walker, Lewis J.
June 2002
Journal of Financial Planning;Jun2002, Vol. 15 Issue 6, p36
Academic Journal
The article discusses the effects of the September 11 terrorist attacks and the bull market on the financial planning profession in the U.S. There is a strong correlation between the globalization of free market economies, the expansion of world securities markets, the upward mobility of wealth formation across all classes of society and the growth of financial planning as a discipline. Concomitant with globalization trends, the International Certified Financial Planner (CFP) Council has grown and will continue to do so. Nineteen countries are represented on the council as members or associate members. Financial planning is relevant only in economies where citizens have choices and where dreams can become reality. Expanding international enthusiasm for the CFP certification process is a harbinger of increased freedom, growth of trade, and healthier, more ethical financial markets. We learned in 2001 that surprises may be negative or positive. September 11 was a negative surprise. We learned, too, that surprises often are not surprises at all, merely a lack of foresight when clues and trends are ignored. As financial planners, consultants and investment strategists, we have learned not to worry about short-term market fluctuations and near-term events. Out of tragedy comes hope. That is the theme for 2002 and beyond, the reason why the outlook for the U.S., our economy and our people has never been more optimistic.


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