Essential Question:
What will the future role of a finical advisor in the mist of a diversifying society and a struggling economy and what effect will technology have on their future roles?
About My Research:
The originally essential question for this project was basically what was the future roles of CFO's and how will technology effect their current roles. However, the more in-depth I got with the project I wanted to change my essential question to go along better with my mentorship. Therefore I change my essential question to "what role will financial advisor play in the future economy and society," because my mentorship was with a financial advisor. The reason for my selection of this topic was because I wanted to see how a volatile stock market, an increase in financial laws, and a struggling economy would affects peoples decision on weather or not to use a financial advising service. One of my other goals for this project was to help current Financial advisor better prepare their business for the future. As I started piecing together my presentation, I found many great points to help answer my essential question, but still felt that something was missing. I decided to add in the job overview and outlook as well so that people deciding on a career choice could see all that financial advising has to offer and what its about. The biggest factor I found that financial advisors need to prepare for is diversity among clients and different financial portfolios to fit different groups from retirees to single-parents to middle class families. Technology will also be a big factor in financial advisors future roles. They will be able to use modeling and simulation software to add value by helping their clients envision different possibilities. Financial advisors of the future will also need to use technology to gather market intelligents and evaluate the economy. Also, in the future, a larger number of smaller independent practices will become more popular due to the customizable plans they will be able to offer to clients. Financial advisors will need to adapt to growing diversity, incorporate technology into their business practice, take advantage of social media, integrate new tools and insight, develop customizable portfolios for individual clients, prepare for new market risks, and make sure client's information remains private and secure to adequately prepare themselves for the future. More detailed info on this topic can be found under the presentation tab.
What will the future role of a finical advisor in the mist of a diversifying society and a struggling economy and what effect will technology have on their future roles?
About My Research:
The originally essential question for this project was basically what was the future roles of CFO's and how will technology effect their current roles. However, the more in-depth I got with the project I wanted to change my essential question to go along better with my mentorship. Therefore I change my essential question to "what role will financial advisor play in the future economy and society," because my mentorship was with a financial advisor. The reason for my selection of this topic was because I wanted to see how a volatile stock market, an increase in financial laws, and a struggling economy would affects peoples decision on weather or not to use a financial advising service. One of my other goals for this project was to help current Financial advisor better prepare their business for the future. As I started piecing together my presentation, I found many great points to help answer my essential question, but still felt that something was missing. I decided to add in the job overview and outlook as well so that people deciding on a career choice could see all that financial advising has to offer and what its about. The biggest factor I found that financial advisors need to prepare for is diversity among clients and different financial portfolios to fit different groups from retirees to single-parents to middle class families. Technology will also be a big factor in financial advisors future roles. They will be able to use modeling and simulation software to add value by helping their clients envision different possibilities. Financial advisors of the future will also need to use technology to gather market intelligents and evaluate the economy. Also, in the future, a larger number of smaller independent practices will become more popular due to the customizable plans they will be able to offer to clients. Financial advisors will need to adapt to growing diversity, incorporate technology into their business practice, take advantage of social media, integrate new tools and insight, develop customizable portfolios for individual clients, prepare for new market risks, and make sure client's information remains private and secure to adequately prepare themselves for the future. More detailed info on this topic can be found under the presentation tab.