23 ways financial advisors can serve and hire more veterans


Financial advisors and the wealth management industry can help veterans find jobs, get benefits, manage their cash flow and find much-needed support networks, according to experts.

The list of 23 tips below on working with more veterans as clients and hiring more to positions in the industry comes from servicemembers-turned-financial advisors and other industry professionals. They include practice management insights, key planning questions, benefit enrollment issues and a discussion of the financial challenges often facing veterans, caretakers and their families after military service.  

In honor of Veterans Day, Financial Planning reviewed recent research from the AARP, the FINRA Investor Education Foundation and the Department of Veterans Affairs and spoke with a half dozen advisors and other experts:

  • Paul Stephens, a Navy veteran and the founder of Savannah, Georgia-based Paul the Advisor
  • Chet Bennetts, a Marine Corps veteran and free financial counseling and planning provider to servicemembers and their families who is the ChFC and CFP certification education program director at The American College of Financial Services
  • Derek Pszenny, a Marine Corps veteran and head of the Pinehurst, North Carolina-based chapter of a support network organization for veterans called Irreverent Warriors who is the co-founder of Greenville, North Carolina-based Carolina Wealth Management
  • Mark Steffe, the CEO of Fort Worth, Texas-based First Command Financial Services, an independent wealth management company specializing in working with active servicemembers and veteran clients

For 23 tips on working with and hiring veterans, scroll down the slideshow below. To see a deep dive into how pro bono services are important to advisors’ professional development, click here. For a look at how advisors can help prevent domestic violence, follow this link.


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