Springfield, MO (PRWEB) September 19, 2008
LFE Institute announced today that they are continuing to expand their Workplace Money Coach program - a major opportunity for financial professionals - while most companies in the financial services sector continue to suffer and lay-off thousands of workers worldwide.
LFE Institute CEO, Alice Whinnery, stated; "Recent statistics report that well-over 100,000 financial services positions have been eliminated in 2008 alone - and there's no end in-sight for these displaced financial professionals. This trend has helped fuel the growth in our Workplace Money Coach program - as financial professionals can put their skills to work in assisting our core audience - employers."
Corporate America is dealing with the highest level of employee financial stress in 30 years. The Federal Reserve reports that employees spend 28 hours on the job every month dealing with their day-to-day financial decisions, costing employers an average of $8,000 per employee in lost productivity every year. Whinnery continued; "Our unbiased Financial Money Coaches help employers reduce the high cost of Presenteeism. Employers are looking for strong financial professionals to provide a very specific type personal Money Coaching for their employees. This service not only helps increase bottom-line profitability, but also minimizes corporate ERISA-related liabilities, placing Money Coaching high on their list of priorities for 2009. And, because it's so lucrative, this is a tremendous boon to financial professionals looking to replace substantial incomes."
Whinnery, a former CPA with PricewaterhouseCoopers, started LFE in 1986 and has seen huge growth year after year. However, she sees the highest potential for growth now - based on current economic conditions. "The ability to build a mid-six or seven-figure unbiased Money Coaching Practice is attracting quality professionals to the field, now more than ever, and LFE will be there to coach them on how to deliver the most comprehensive Money Coaching service available today," affirms Whinnery.
About the LFE Institute. The LFE Institute's unique skill-based workshops and personal Money Coaching services have had a positive impact on more than 500,000 employees. LFE now coaches Instructors and Money Coaches on how to build long-term client relationships with companies averaging 500 - 10,000 employees. http://www.lfeinstitute.com