7 Reasons To Become A Financial Advisor in 2025

Whether you’ve been thinking about becoming a financial advisor for a few years, or even a few minutes, 2025 is the year to get started.

Here at Consolidated Planning, the planning philosophy we implemented decades ago is still standing the test of time when it comes to delivering real solutions to your clients, helping you to find a meaningful career.

But deciding to change careers IS a big deal and should be treated as such. To best decide if this career path is (finally) right for you, let’s take a look at what the future holds for a career in financial advising.

 

Reason #1: High Demand

Financial advisors are in high demand for a number of reasons. Here are a few key factors that contribute to the high demand for financial advisors:

• Increasing complexity of financial decisions: The financial world can be complex, and many people feel overwhelmed, rightfully so, by the various financial decisions they need to make. As a result, they turn to financial advisors for help navigating the financial landscape.
• Aging population: As people age, they tend to have more complex financial needs. For example, they may have heirs to consider, need help planning for retirement, managing their investments, or making decisions about other care options. This is creating a growing demand for financial advisors.
• Increased focus on financial planning: In recent years, there has been a greater emphasis on the importance of financial planning. As a result, more people are seeking out the services of financial advisors to help them plan for their financial future.
• Changes in the economy: Economic changes, such as market fluctuations or changes in tax laws, can create uncertainty and lead people to seek the guidance of financial advisors.

A career that’s in high demand means a bit more job security for you.

 

Reason #2: Opportunities For Professional Growth

In this career, you’ll have the opportunity to build your own business and shape your own career path. You’ll also have access to ongoing training and development opportunities to help you stay up-to-date on industry trends and best practices.

As an advisor with Consolidated Planning, you’ll follow our practice building playbook as you build a financial planning practice helping 125 families over the first five years of your career. You’ll work alongside our advisor support teams, your mentors, and industry leaders to develop the skills necessary to thrive.

 

Reason #3: Helping Others

In this field, you are positioned to provide guidance and insights into your clients unique financial matters. This means making a lasting impact in the lives of others. You may help your clients in a number of ways, including:

• Setting financial goals: Helping your clients set and prioritize financial goals, such as saving for retirement, paying off debt, or saving for a down payment on a home.
• Developing a financial plan: Helping your clients create a financial plan that outlines steps for achieving their financial goals. This may include creating a budget, developing a savings plan, or making investment recommendations.
• Providing investment guidance: Helping your clients select investments that align with their financial goals and risk tolerance.
• Managing risk: Helping your clients identify potential risks to their financial well-being and develop strategies to mitigate those risks. This may include recommending insurance products or developing a plan for additional healthcare.
• Navigating financial transitions: Helping your clients navigate significant financial transitions, such as retiring, starting a business, or going through a divorce.

 

Reason #4: High Earning Potential

While you’ll have the ability to help others, you’ll also have the potential to earn a high and sustainable income, especially as you gain experience over the years and build your client base. Sounds like a win-win, doesn’t it?

According to the Bureau of Labor Statistics, the median annual wage for personal financial advisors was $99,589 in 2023. However, financial advisors who are self-employed or who work for larger firms tend to earn more. 

Moreover, there are other ways to increase your earnings potential, including identifying the right target market and even working with business owners. When you are able to provide a comprehensive range of services to your clients – you can offer more solutions for their needs.

At Consolidated Planning, we’ve developed a practice building playbook that will guide you to build a financial planning practice potentially earning $250,000 by your fifth year in the business or $750k by your fifth year. This success focuses on helping 25 families each year through our strategic planning process.

 

Reason #5: Flexibility

It should come at no surprise to learn that in 2024, employee preferences show a strong desire for flexibility in the workplace, according to a study by Zoom.

And a financial advising career at the right firm may allow you just that. 

Flexibility.

You will often find that you will have the freedom to set your own schedules and work with clients in a way that works best for you (and them). This can be especially appealing for those who are seeking more work/life balance. It IS possible.

Depending on what kind of financial advisor you want to be – you’ll also have the flexibility to decide who you work with and at what capacity. This is likely why this career brings much personal satisfaction.

 

Reason #6: Personal Satisfaction

One of the primary sources of satisfaction is the opportunity to make a real difference in people’s lives by helping them make informed financial decisions that shape their lives. Financial advisors often report feeling a sense of fulfillment in:

• Building strong and meaningful relationships
• Helping clients achieve their financial goals

Even those who desire the flexibility of working remotely still seek to build relationships. Or, at least, you should as a financial advisor.

And because no two financial scenarios are alike, you can further find satisfaction in the variety of your work. We can assure you that no two days as a financial advisor are the same and you will certainly experience a variety of financial challenges that can be personally rewarding.

 

Reason #7: Work-Life Balance

According to a 2023 study by Randstad, work-life balance IS the top reason people want a flexible career. Gone are the days where your personal and professional life do not collide. And we’re here for it.

Now, we’re not saying that achieving your ideal work-life balance will happen overnight as a financial advisor. But it will happen. Building a successful practice often requires a significant amount of time and effort in the early stages of your career. However, as you build your client base and develop your practice you will create a strong foundation and find opportunities to:

• Establish a repeatable workflow
• Delegate tasks to a team or support staff
• Automate your marketing efforts

In this career, you are building your own business. Yes, this will require an entrepreneurial approach. But it will also give you autonomy to build a schedule that helps you achieve your desired work-life balance whether that means long weekends or a work-from-anywhere approach.

 

Are You Ready To Start Your Career As A Financial Advisor?

From where you’re sitting today, ask yourself these questions:

Is my career in high-demand?

Do I have opportunities for growth?

Am I helping others?

Do I have a strong earnings potential?

Do I have the flexibility I want?

Do I feel satisfied?

Do I have work-life balance?

If you can’t answer yes to at least half of these, it might be time to consider a different path for your career. Maybe as a financial advisor, or maybe something entirely different, but let’s find out. Schedule time to chat with a team member at Consolidated Planning.

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Exp. 4/2027