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Amplified Planning's 2025 Externship: A New Era of Financial Planners

The Amplified Planning's 2025 Externship has set an unprecedented milestone with more than 2,000 participants from across the world. This year’s externship, which began just four weeks ago, is paving the way for the training and empowerment of future financial planners and is providing vital insights into who is entering this essential profession and the tribulations they face.

Founded in 2020, the Externship is an extensive eight-week virtual program designed to immerse students, career changers, and aspiring professionals in the real-world landscape of financial planning. With a record-breaking cohort of 2,078 externs this year, participants are gaining invaluable practical experience through real recorded client meetings, expert-led additional training, and community-centric learning experiences.

Hannah Moore, CFP®, the founder of Amplified Planning, expressed her excitement regarding the program's growth, stating, "This year's increase signals something larger than mere numbers. It demonstrates that new talent entering the financial planning field desires both thorough training and fulfilling careers devoted to service. The Externship equips them with the access, confidence, and clarity needed to take their first—or next—steps into this profession."

What's New in 2025?

This year’s externship boasts several enhancements, including new clients that externs will follow throughout the financial planning process. Participants will engage from the initial onboarding to critical aspects like investment and estate planning. Furthermore, externs will gain access to industry-standard tools such as eMoney, Morningstar Advisor Workstation, EncorEstate Plans, Redtail, and Asset-Map, which they will utilize to complete various assignments and formulate practice plans.

Moreover, the 2025 Externship taps into an extensive network of over 60 industry experts, offering mentorship from renowned speakers like J.D. Bruce, Anna N'Jie-Konte, Louis Barajas, and many others. This level of exposure to the profession is unparalleled, as many externs had never previously witnessed a financial planning meeting. Notably, 44% of externs are experiencing this for the first time.

Who Are the 2025 Externs?

Recent data unveils an increasingly diverse, mission-oriented population of future financial planners embarking on their journeys from various stages in life and professional backgrounds. Here are some key statistics:

• - Career Background: 39.5% are career changers, 28.3% are students or recent graduates, and 23.8% currently work in financial planning or related services.
• - Age: 30.7% fall within the 18–24 age bracket, while nearly 50% are aged 25–44.
• - Gender Composition: 56.4% are men and 42.6% are women.
• - Ethnic Diversity: 40.5% identify as people of color, including 10% Black and 10% Asian, nearly four times the industry average.
• - Education: 75% hold bachelor’s or master’s degrees; interestingly, 15% do not possess a college degree, reflecting broader accessibility within the program.
• - First-Generation College Students: Nearly 30% identify as first-generation college attendees.

Motivations Behind Joining Financial Planning

The motivations driving externs to choose a career in financial planning are deeply personal. Recent survey responses indicated that:

• - 90% want to assist individuals in achieving their financial goals.
• - 80% possess a personal interest in financial literacy.
• - 60% aspire to launch their own firms.
• - Additional factors include work-life balance, entrepreneurship opportunities, and promising earning potential.

Nevertheless, many externs experience tangible hurdles as they navigate their way into the profession. Feedback from current participants highlights pressing issues such as:

• - 39% struggling to find job opportunities aligned with their qualifications.
• - 28% facing low salaries or financial instability during the early stages of their careers.
• - 22% noting vagueness regarding potential career pathways.

These challenges align with findings from a joint survey by the FinServ Foundation and FP Transitions, shedding light on the critical need for transparent career paths, effective mentorship, and inclusive hiring practices in the wealth management sector.

Engagement on a Grand Scale

Even at the end of Week 1, externs have made substantial contributions to community discussions, generating thousands of forum posts and replies that showcase a powerful commitment to connection. Placeholders for popular topics include:

• - Strategies for transitioning into planning from diverse career backgrounds.
• - Point-of-entry navigation into the profession.
• - Building networks and personal brands as emerging advisors.

Hannah Moore reinforces the transformative aspect of the Externship, stating, "This isn’t just about education for our externs. It’s about transformation. The Externship allows people to uncover the potential that awaits them in this field."

Impact on the Industry

In light of ongoing talent shortages, succession gaps, and the pressing need for greater diversification within the profession, the 2025 Externship serves as a beacon of hope and evidence that the next generation is poised to enter the financial planning arena with optimism and readiness. The question remains: Are we prepared to embrace their arrival?

About Amplified Planning

Amplified Planning is a leader in financial planning education aimed at equipping the next wave of financial advisors with meaningful real-world experience and innovative training solutions. Founded by the acclaimed financial planner Hannah Moore, CFP®, the organization seeks to bridge the gap between theoretical knowledge and practical application through its Client-Centered Financial Planning™ approach. Their prominent program, The Externship, offers aspiring and newly minted planners immersive training, mentorship, and essential skill-building opportunities to excel in their careers. Additional programs offered include CORE, CORE+, and the Accelerator, each focusing on real client interactions and the support of an engaged community. To find out more about what Amplified Planning has to offer, visit www.amplifiedplanning.com.