Financial Planning Manager in New Hampshire Career Overview
As a Financial Planning Manager, you play a vital role in guiding individuals or organizations in achieving their financial goals. Your responsibilities typically include:
Analyzing Financial Data: Assessing clients' current financial situations and developing personalized plans to enhance their financial health.
Developing Financial Strategies: Crafting comprehensive financial strategies that can include investment planning, retirement funding, tax optimization, and estate planning.
Client Consultation: Engaging with clients to understand their unique financial needs and long-term objectives, ensuring that your recommendations align with their personal or organizational goals.
Monitoring Financial Performance: Continuously reviewing and adjusting financial plans to accommodate changes in clients' circumstances, economic conditions, or financial markets.
Collaborating with Other Professionals: Working alongside accountants, investment advisors, and other financial professionals to provide integrated services that address all aspects of a client's financial portfolio.
This career is important as it aids individuals and organizations in navigating complex financial landscapes. By providing expert advice, you help clients make informed decisions, ultimately contributing to their financial stability and growth. Your role can significantly influence a client's ability to reach their financial aspirations, whether it's achieving a comfortable retirement, funding a child's education, or managing wealth across generations.
Financial Planning Manager Salary in New Hampshire
Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
Required Education To Become a Financial Planning Manager in New Hampshire
To become a Financial Planning Manager, you will need to meet specific educational qualifications and complete relevant training programs. The following degrees are essential for this career path:
Bachelor’s Degree in Finance: This program typically covers investment analysis, financial markets, and corporate finance, providing you with a solid foundation in financial principles.
Bachelor’s Degree in Financial Planning and Services: This degree specifically focuses on the skills and knowledge necessary for financial planning, including retirement planning, tax strategies, and estate planning.
Bachelor’s Degree in Banking and Financial Support Services: This program prepares you for roles in banking and financial institutions, emphasizing the operational aspects of financial services.
Bachelor’s Degree in Business Administration and Management: A broader program that includes coursework in economics, marketing, and organizational behavior, this degree is beneficial for understanding the business context of financial planning.
Bachelor’s Degree in Accounting and Finance: This degree provides expertise in accounting principles as well as financial management, which is crucial for analyzing financial data and reporting.
In addition to a bachelor’s degree, pursuing a master’s degree in Finance or Business Administration (MBA) with a concentration in finance can enhance your qualifications.
Relevant certifications, such as the Certified Financial Planner (CFP) designation, may also be pursued following degree completion, often requiring additional coursework and examination.
Best Schools to become a Financial Planning Manager in New Hampshire 2024
University of Phoenix-Arizona
Southern New Hampshire University
Western Governors University
Colorado Technical University-Colorado Springs
Grand Canyon University
Liberty University
- Direct financial activities, such as planning, procurement, and investments for all or part of an organization.
Financial Planning Manager Required Skills and Competencies in New Hampshire
Analytical Skills: You need the ability to evaluate complex financial data, identify trends, and derive insightful conclusions that will guide strategic planning.
Communication Skills: Strong verbal and written communication skills are essential. You must convey technical financial concepts to clients and stakeholders in an understandable manner.
Technical Proficiency: Familiarity with financial software, tools, and platforms is important. You should be adept at using spreadsheets, financial modeling tools, and presentation software.
Problem-Solving Skills: You must be able to approach challenges with effective strategies and solutions, quickly addressing client needs and financial concerns.
Interpersonal Skills: Building strong relationships with clients and team members is vital. Empathy and active listening will help you understand client goals and concerns better.
Attention to Detail: Precision is key in financial planning. You need to ensure that all financial documents and strategies are accurate and compliant with regulations.
Time Management: You should be able to prioritize tasks effectively to meet deadlines, manage multiple clients, and oversee various financial projects simultaneously.
Strategic Thinking: The ability to develop long-term financial strategies that align with clients' objectives involves foresight and creativity in planning.
Regulatory Knowledge: You must stay informed about financial regulations and compliance standards to ensure that all planning is within legal parameters.
Leadership Skills: If you manage a team, you will need the ability to motivate and guide others while fostering a collaborative environment.
Job Duties for Financial Planning Managers
Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.
Develop and maintain relationships with banking, insurance, and external accounting personnel to facilitate financial activities.
Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
Accounting software
- Intuit QuickBooks
- Sage 50 Accounting
Enterprise resource planning ERP software
- Microsoft Dynamics
- SAP software
Presentation software
- Microsoft PowerPoint
Basic Skills
- Reading work related information
- Thinking about the pros and cons of different ways to solve a problem
People and Technology Systems
- Measuring how well a system is working and how to improve it
- Thinking about the pros and cons of different options and picking the best one
Problem Solving
- Noticing a problem and figuring out the best way to solve it
Job Market and Opportunities for Financial Planning Manager in New Hampshire
The demand for Financial Planning Managers in New Hampshire is currently robust, driven by an increasing need for financial advisory services among both individuals and businesses. As individuals seek to build wealth and plan for retirement, the demand for expertise in financial planning is rising.
The growth potential in this field is notable. According to industry forecasts, the financial services sector, including financial planning, is expected to experience sustained growth over the next several years. Factors contributing to this growth include an aging population, increased awareness about the importance of financial planning, and the complexity of financial products available in the market.
Geographically, the strongest opportunities for Financial Planning Managers can be found in urban areas, particularly in southern New Hampshire. Cities like Manchester and Nashua are notable hotspots due to their economic vitality and the concentration of businesses and affluent populations.
Additionally, the Portsmouth area is emerging as a key region for financial services professionals. The presence of several financial firms and growing small business sectors in these areas creates a competitive environment ripe for financial planning roles.
The northern regions of New Hampshire, while less densely populated, also offer opportunities, particularly for those willing to serve niche markets. Small businesses and municipalities often seek financial advice tailored to their unique needs.
Networking and building relationships with local businesses and community organizations can enhance job prospects. Engaging with professional organizations, such as the New Hampshire Society of CPAs and the Financial Planning Association, can further support professional development and lead to job opportunities.
Remote work possibilities are also expanding in this sector, allowing for flexibility and access to clients across the state, enhancing the potential job market. This trend has particularly gained traction in light of ongoing changes in working habits.
Overall, the job market for Financial Planning Managers in New Hampshire appears promising, with ample opportunities for growth and development in a diverse range of settings.
Top Related Careers to Financial Planning Manager 2024
Additional Resources To Help You Become a Financial Planning Manager in New Hampshire
Certified Financial Planner Board of Standards, Inc.
Gain insights into certification and resources for aspiring financial planning professionals.
CFP BoardNational Association of Personal Financial Advisors (NAPFA)
Learn about fee-only financial planning, find professionals, and access educational resources.
NAPFAFinancial Planning Association (FPA)
Join a community of financial planners, access industry research, and benefit from networking opportunities.
FPAInvestopedia
Explore various topics related to financial planning, investment strategies, and economic trends to enhance your knowledge.
InvestopediaAmerican Institute of CPAs (AICPA)
Access resources for financial planning, accounting, and enhancing professional skills.
AICPABureau of Labor Statistics (BLS)
Review the latest job outlook, salary data, and statistical resources for financial managers.
BLS - Financial ManagersKiplinger
Stay updated on personal finance, investing advice, and financial planning strategies.
KiplingerCFP Certification Education and Training Programs
Find accredited institutions that provide the necessary coursework and training for CFP certification in New Hampshire.
CFP Board - Education ProvidersThe National Endowment for Financial Education (NEFE)
Access resources and educational materials aimed at enhancing financial literacy for both professionals and the general public.
NEFENew Hampshire Department of Financial Institutions
Understand state-specific regulations, licensing requirements, and resources available for financial professionals in New Hampshire.
NH DFIs
Frequently Asked Questions (FAQs) About Financial Planning Manager in New Hampshire
What are the primary responsibilities of a Financial Planning Manager?
As a Financial Planning Manager, you will oversee the financial health of an organization by developing financial plans, forecasting future revenues and expenditures, conducting analyses to support decision-making, and ensuring compliance with financial regulations. You may also supervise a team of financial analysts and collaborate with other departments to align financial strategies with business goals.What qualifications do I need to become a Financial Planning Manager?
Typically, a bachelor’s degree in finance, accounting, business administration, or a related field is required. Many employers prefer or require a master's degree (such as an MBA) and professional certifications like the Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA) designation.How much does a Financial Planning Manager earn in New Hampshire?
Salaries for Financial Planning Managers in New Hampshire can vary based on experience, education, and the specific employer. On average, you can expect to earn between $90,000 and $130,000 annually, with top earners in the field making significantly more.What skills are essential for a successful Financial Planning Manager?
Key skills include:- Strong analytical and quantitative abilities
- Proficient in financial modeling and forecasting
- Excellent communication and presentation skills
- Leadership and team management capabilities
- Detail-oriented mindset and problem-solving skills
Is experience necessary before applying for a Financial Planning Manager position?
Yes, most employers prefer candidates with several years of experience in finance or a related field. Experience in roles such as financial analyst or financial advisor can provide a strong foundation for transitioning into a managerial position.What career advancement opportunities exist for Financial Planning Managers?
With several years of experience, you may advance to higher-level positions such as Director of Financial Planning, Chief Financial Officer (CFO), or executive management roles within the finance department, depending on the size and structure of the organization.Are there specific industries that hire Financial Planning Managers more frequently?
Financial Planning Managers are sought after in various industries, including:- Healthcare
- Technology
- Manufacturing
- Nonprofit organizations
- Financial services and consulting
What is the job outlook for Financial Planning Managers in New Hampshire?
The job outlook for Financial Planning Managers is robust, with a growing demand for professionals who can navigate financial challenges and provide strategic insights. As organizations increasingly rely on data-driven decision-making, the role of financial planning will continue to be of high importance.How can I network within the financial planning community in New Hampshire?
You can network through professional organizations such as the New Hampshire Society of Certified Public Accountants (NHCPAs), attendance at industry conferences, participation in local finance seminars, and leveraging online platforms like LinkedIn. Joining local business groups or attending meetups can also help you make valuable connections.What continuing education opportunities should I consider as a Financial Planning Manager?
Staying current with industry trends is important. Consider pursuing advanced certifications or attending workshops and seminars in financial practices, compliance, risk management, and leadership. Regularly participating in continuing education through professional organizations is also beneficial.