At a glance
- The Census Bureau counted 15.7 million veterans in 2024, or 5.9% of the U.S. civilian population 18 and older, according to 2024 American Community Survey estimates.
- The industry sometimes overvalues forecasting and undervalues discipline, Paul Sarama said.
- For practices, the advisors' point narrows the marketing target: "veteran" spans retirees and part-time Guard and Reserve members, and the second group gets less attention, the four advisors say.
Four financial advisors with military backgrounds say discipline transfers to financial planning better than market forecasting, and that the industry under-serves part-time Reservists and National Guard members, InvestmentNews reported.
The Census Bureau counted 15.7 million veterans in 2024, or 5.9% of the U.S. civilian population 18 and older, according to 2024 American Community Survey estimates.
The industry sometimes overvalues forecasting and undervalues discipline, Paul Sarama said. Sarama, wealth manager and managing director of The Baker Sarama Wealth Management Group at Steward Partners, spent six years on active duty in the Marine Corps as a sergeant. "Nobody consistently predicts markets," he said.
For practices, the advisors' point narrows the marketing target: "veteran" spans retirees and part-time Guard and Reserve members, and the second group gets less attention, the four advisors say.
Reported by the Practice management desk from InvestmentNews. Published . Corrections