Financial Advisors to Get Training for Recession-Proof Market of Federal Employees

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"Business Building Bootcamp: Proven Strategies For Financial Professionals Working With Federal Employees" to be Held May 3-5, 2010 in Kansas City.

The bootcamp will equip financial advisors of the technical aspects federal benefits -- but also gives them key insights on how to conduct profitable meetings with federal employees, identify their needs, and help them make sound decisions.

ProFeds, a training and support service for financial professionals, announced today the "Business Building Bootcamp: Proven Strategies For Financial Professionals Working With Federal Employees" to be held May 3-5, 2010 in Kansas City.

"Financial planners and advisors across the country have been looking for new opportunities to grow their practices since the economic downturn," says Chris Lennan, the trainer of the event and founder of ProFeds. "This financial advisor training bootcamp offers a unique opportunity for them to tap into a relatively recession-proof market of prospective clients – millions of federal and postal employees who need help from competent financial professionals."

Approximately fifty-percent of more than 2 million civilian federal employees will be eligible to retire in the next five to ten years. But, according to a recent survey, 66 percent of eligible federal employees have delayed their planned retirement date due to the bad economy and are feeling unprepared financially.

While federal employees have an employer-sponsored defined pension plan, “the life insurance, survivor benefits, and long-term care insurance programs offered to federal employees have commercial alternatives that are often far more flexible, more competitively priced, and more suited to meet a family’s unique needs,” says Lennan. "Federal employees are also looking for advice from financial planners on what to do with their 401(k)-style program, and if a rollover to another kind of product is best for them,"

"Financial advisors have a great opportunity to serve federal employees – but only if they are prepared," says Lennan, who has trained more than 700 financial professionals in the federal employee market since 2001. "And at a time of rising nationwide unemployment, the federal government is hiring which makes this a perfect group of people to work with long-term."

"Federal employees – due the complex nature of their benefits – need assistance from well-trained financial planners" says Lennan. "The bootcamp event in May will equip advisors of the technical aspects federal benefits -- but also gives them key insights on how to conduct profitable meetings with federal employees, identify their needs, and help them make sound decisions."

A complete agenda of the bootcamp is available at: http://www.profeds.com/bootcamp

About ProFeds

ProFeds is a comprehensive financial advisor training and support service for those serving federal employees. Since 2001, its founder, Chris Lennan, has trained more than 700 financial professionals to help them grow their business in the federal market – and has analyzed the financial retirement planning cases of thousands of federal employees. Lennan is a nationally recognized federal employee retirement benefits expert, and a frequent speaker and trainer for federal employee organizations and financial service firms throughout the country. More information on ProFeds can be found at http://www.profeds.com or by calling Chris Lennan at 540-907-4490 ext. 2.

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Chris Lennan
ProFeds
540-907-4490 ext. 2
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