Rising home prices and conservative borrowing have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity increase by...Real Estateread more
SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
The Mac Pro is the only major Apple computer to be assembled in the United States. Most of Apple's products, including the iPhone, are assembled in China and are facing tariff...Technologyread more
CNBC's Jim Cramer calls on investors to be wary of the slew of the hyped-up unicorn companies going public this year and encourages the focus to be on deliverable earnings.Investingread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
Markets have been betting Trump's Twitter attacks on the Fed will move rates. Among other things, Trump has called Chairman Jerome Powell "clueless" and Fed officials as a...The Fedread more
Trump's call with the foreign leader is reportedly the subject of a whistleblower's complaint that has spurred new accusations of wrongdoing from Democrats.Politicsread more
Harvard economist N. Gregory Mankiw says ultra-wealthy couples could split their fortunes in half through divorce and avoid paying a wealth tax proposed by presidential...Wealthread more
The U.S. Securities and Exchange Commission settled charges Monday against former Nissan CEO Carlos Ghosn and its former director Greg Kelly on Monday over false financial...Autosread more
An annual survey by Piper Jaffray finds iPhone that users willing to upgrade to newly released models declined from last year.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
In the wake of the Great Recession and on the heels of a heady bull market, many investors wouldn't mind a little hand holding from a pro.
That's where a financial advisor often comes in. Those with certification can provide a range of financial advice from budgeting to estate planning. (You also don't have to be a millionaire to afford one.) There may be an even greater impetus to find a qualified professional now with the fate of the Department of Labor's investor protection rule in limbo.
The catch: There aren't enough to meet demand.
There are about 76,000 certified financial planners (CFPs) in the U.S. now, but there's room for more. In fact, financial advisors, in general, are one of the most in-demand positions, according to a recent CareerCast report on the toughest jobs to fill.
Given "how turbulent things can turn quickly, people are starting to plan more aggressively in case something else happens," said Kyle Kensing, CareerCast's online content editor.
To better manage periods of extreme market volatility, some advisory firms, including Betterment and Charles Schwab, are already beefing up the number of advisors on hand to enhance their automated investing services for clients.
But the greatest challenge many hiring managers face is finding applicants with the necessary skills, Kensing said.
For finance and business graduates, "it's not necessarily a career that jumps out at you," Kensing said. Still, "it's one where you can make good money and have a lot of opportunity," he said.
"We do have a gap in our profession because many advisors are retiring and the pipeline isn't keeping up with the pace of those aging out of the workforce," said Shannon Pike, a CFP at Tanglewood Legacy Advisors in Houston and president of the Financial Planning Association.
Industrywide, financial advisors have a 30 percent growth outlook, well above average, and an annual median salary of $89,160, according to the Bureau of Labor Statistics.
Still, 75 percent of people who primarily work with a financial advisor said they were pleased, according to a separate survey by the Financial Planning Association and Investopedia.