Financial Planners Get More Clients With New Certification
Financial planners are getting new clients from a seemingly unlikely market sector: U.S. federal government employees. The Certified Federal Employee Benefits Specialist (CFEBS) (http://www.FEBSI.com) training and certification program equips financial planners with a thorough understanding of federal employee benefits and associated retirement planning.
(PRWEB) January 18, 2005 -- Financial planners are getting new clients from a
seemingly unlikely market sector: U.S. federal government employees.
“Federal employee benefits programs are very complicated. Only the best
trained financial planners are able to service this market,” says Judy Snow,
founder of Federal Employee Benefits Specialist, Inc. (FEBSI) (http://www.FEBSI.com) and
developer of the Certified Federal Employee Benefits Specialist (CFEBS) training
and certification program.
The CFEBS program equips financial planners,
insurance agents, accountants, investment advisors, stock brokers, tax
preparers, and other professionals with a thorough understanding of federal
employee benefits and associated retirement planning.
“Achieving CFEBS
certification helps financial planners to learn the ins and outs of these
benefits programs and to reach federal employees who are in need of quality
financial planning services,” Snow explained. Snow is a 20-year veteran
financial and estate planner, who has more than 10 years experience in assisting
federal employees.
Snow says the federal and postal employee market –
consisting of more than. 2.5 million workers – is often overlooked by the
financial planning community. U.S. federal government employment statistics
indicate that approximately 50% of federal workers will be eligible to retire in
the next five years.
“The opportunity in this market for financial
planners is a goldmine. Thousands of federal employees have $500,000 or more
invested in a 401(k)-like savings plan. These are funds that can be rolled over
into other investment options at retirement,” Snow states. Snow also points out
that in addition to investment options, federal employees face many important
decisions regarding health, life and long-term care insurance options, as well
as special tax considerations.
CFEBS training courses – offered by
independent study or conducted on-site at financial service firms -- provides
professionals with numerous helpful training materials. The materials include
resources to help the professional identify the retirement needs of federal
employees, as well as strategies on the best ways to reach potential clients in
this market.
Snow states that hundreds of financial professionals now
hold the CFEBS certification or are enrolled in the course, which was first
offered in 2003.
Information on the CFEBS program can be found at http://www.FEBSI.com or by calling
FEBSI at 1-800-696-3505.
Federal Employee
Benefits Specialist, Inc. is a private, woman-owned small business in Castle
Rock, Colo., and is an affiliate corporation of the Snow-Cap Agency, Inc. (http://www.snow-cap.com), a
leading producer of employee benefits seminars and workshops for federal
workers.
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Source : http://www.prweb.com/releases/2005/1/prweb197843.htm