Regent University students will soon be impacting change in the world of personal finance.
In the fall 2015, Regent’s School of Law (LAW) will offer a brand new concentration in its M.A. in Law degree program: Wealth Management & Financial Planning. This concentration will provide courses in financial, investment and insurance planning, retirement and employee benefits, and tax planning for its enrolled students.
“It’s important at this time because there’s going to be a big wealth transfer over the next 20-30 years as Baby Boomers receive assets from their parents and then pass on assets to their children,” said Dr. James Davids, associate law professor and director of LLM and M.A. programs.
Davids explained that as these wealth-transfers occur, more and more individuals will be seeking financial planning and wealth management counsel. Job prospects for this in-demand career field are projected to increase 32 percent by the year 2020.
Students graduating from this concentration will not only be primed with the needed skills to enter the industry, they will be equipped for a meaningful career of serving clients with excellence in the field of financial planning.
According to Davids, the concentration’s sound moral and ethical training imparts trustworthiness and ethical responsibility to students in the program and will help to set them apart – even if they have the same competency skills and handle the same type of clients.
“How does one select one financial planner over another? Certainly knowing your planner as a person, knowing that they have a good reputation in the community,” said Davids. “If one has a bachelor’s and the other has their master’s, one is going to have more of a competitive edge than the other.”
Sharpening the competitive edge even further is Regent’s commitment to integrating the love of Christ into its degree programs.
“Having that relationship must be integrated into our lives, and we do that here,” said Davids. “Showing the compassion and the love of Christ to others involves caring about all aspects of them.”
And caring for a client’s financial well-being is only the beginning.
“You have to put the client’s interest first, and by constantly doing that you’ll sustain loyalty and you’ll be taking care of generations of families because of their trust,” said Davids. “That’s the way it works and that’s how we’ll be different from others. We not only want to instill those values in our students but build on them throughout their lifetime.”
Learn more about Regent University School of Law.