Thursday, October 04, 2007 6:25 PM
I read with interest a recent post at the Wall Street Journal Law Blog concerning some recruiters in the financial services industry targeting candidates with law degrees, A Call out for JDs, No Bar-Passage Required.
Noticing a supply-demand imbalance in the legal profession (see a related WSJ story here), [David] Rizzo says he started courting JDs fresh out of school, figuring the skills they learned – including tax and estate planning, and the IRAC approach to problems – would translate well in the fee-based financial planning field.
...As a financial advisor, [Rizzo] says, "your law degree is respected by clients, you can earn an unlimited amount of money and there's flexibility over what type of client you take on and how much time you want to spend."
The logic behind Mr. Rizzo's idea makes a lot of sense to me. There really do seem to be a lot of skills developed in a law school education that translate well to financial advising.
If the experience of my peer group through the years is any indicator, it certainly does appear that working as a financial advisor can ultimately offer significant benefits from both a financial and work-life balance perspective.
Good food for thought.