Time for a Change

July 21, 2010

Despite it’s never-ending and (often questionable) invention of “innovative” new financial products, services, and securities, the financial services industry is woefully behind in the area that matters most to Americans in this economy: financial counseling.

You see, there is no money in helping someone to get out of debt, or helping someone deal with a job loss, yet every day I come across individuals that are dealing with just those sorts of issues. Personally, I think every financial professional should be required to receive training in the area of financial counseling. For starters, someone dealing with high debt or low income could probably benefit the most from professional help. Secondly, we need improvement in financial literacy among all consumers in our country if it’s truly going to rebound from this difficult economy, and what a better way to do that than by having financial experts available for folks who may otherwise never work with a financial professional.

So how do you get tens of thousands of financial professionals to suddenly take interest in a group that has little to no assets to invest? Continue reading “Time for a Change”