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Industry Spotlight > Broker Dealers

You Are Important

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You may not doubt the value you offer clients, but two recent pieces of research should warm the cockles of your heart when it comes to your importance to the overall American economy and your ranking on the list of the best jobs.

First, the economy

The Commerce Department’s Bureau of Economic Analysis announced in late April that the finance, insurance, real estate, rental, and leasing industry group, which it calls by the acronym FIRE, “continued to contribute more than any other industry group to real GDP growth–24% in 2005,” marking the third straight year FIRE had done so.

Marc Lackritz, president of the Securities Industry Association, said in a prepared statement that “The securities industry is an economic powerhouse that continues to strengthen the U.S. economy. SIA data shows that last year alone, we raised a record $3.2 trillion of capital for American business and nearly $14 trillion over the past five, underscoring our substantial contribution to overall growth in the U.S. economy.”

Second, you’ve got a good job

Money magazine’s annual “50 Best Jobs in America” reckons “financial adviser” as number three on the list, trailing only “software engineer” and “college professor.” What’s so great about your job? Money and its partner Salary.Com, besides crunching numbers on job growth and pay, considered stress level, flexibility in work environment and hours, creativity, and ease of entry and advancement in the field. The magazine cited the hundreds of college degree programs in financial planning, the demographic opportunities presented by boomers and Gen Xers, and noted that “If you have a knack for numbers and a way with people, you can use Wall Street skills without selling your soul.”–James J. Green


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