The End of an Era and the Death of the Financial Planner Solo Professional

The End of an Era and the Death of the Financial Planner Solo Professional

The Securities and Exchange Commission or SEC has been adding new regulations to the books at the rate of one every 6 days for 3-years in the running and they are running the Financial Planners out of business due to the all the paper work. Is this the End of an Era and the Death of the Financial Planner Solo Professional, thanks to The Securities and Exchange Commission? Many believe it is and it is unfortunate too as the wire house and stock brokerage firms get away with murder and fraud on a daily basis.

Unfortunately as Former Federal Reserve Chairman Allen Greenspan said once before the US Congress in a testimony; the problem with making new laws is once you make one the temptation to keep adding too it is simply too great. Indeed and well said, boy isn’t that the truth. Yet, we see that these over regulations are causing friction in the financial sector and we also see the Social Security will be bankrupt soon.

So what is a retiring America to do without all these meaningful Financial Planner Solo Professionals? Perhaps the government just thinks everyone will work until they drop dead and forgo their social security checks. Without Financial Planners, how will citizens be able to figure out their own retirement plans? This is a huge crisis indeed and I talked to one Financial Planner Solo Professional who told me anyone going into this business now is simply stupid, it is not worth it just starting out, they will just have to quit. Consider all this in 2006.