Trouble focusing? See an optometrist. Back pain? Maybe visit a chiropractor. In a unique financial situation, or earn your money in a special way? Belong to a specific social group? You may have considered consulting a financial advisor who specializes in a particular niche, be it professional, social, religious or even a hobby. Some advisors, for example, specialize in serving fishing aficionados.
In addition to their certified financial planner designation, some niche advisors might even boast a specific professional certification and/or affiliation in their chosen area of expertise. Those serving mainly divorced women may, for example, be both certified divorce financial analysts (CDFAs) and members of the Association of Divorce Financial Planners (ADFP).
Research firm Cerulli Associates has found that although only 15 percent of U.S.-based advisors concentrate on a unique niches, their practices accounted for 29 percent of overall advisor assets as of the end of June 2013. CNBC takes a look at a small selection of investor demographics and the niche advisors serving them. Maybe one’s the right fit for you.
—Compiled by CNBC’s Kenneth Kiesnoski
Posted 17 October 2014