I have thought about a second career as a financial advisor when I burn out from the heavy hours and stress of my current gig. I already help my parents and my cousin, and several family friends have asked my advice in the past. I may very well pursue this in the future, but I will have to figure out how to get around two major hurdles:
1) Liability. I have no doubt that I could and would do the right thing for potential clients, but that doesn't mean you won't get sued. I suspect that a big E&O policy is prbably the answer, but I have no idea what that would cost.
2) Marketing. My suspicion is that the people who make the most money in the field are those who sell the sizzle rather than the steak. I am not interested in taking clients for a ride. I would only do this as fee-only, and I would have to think long and hard as to whether I wanted to offer anything other than an hourly rate. I don't particularly want to spend a lot of time giving seminars, etc.