Financial professionals who hold the CFP® certification can expect to generate more revenue and enjoy higher levels of client satisfaction than their counterparts without the designation, a new study has found.
For [CFP] Board, which holds up its certification as the gold standard for financial advisers, the new study figures to further its mission evangelizing the value of the credential. All told, the survey revealed that about 20% of all financial advisers hold the CFP® certification. A quarter of solo practitioners are CFP® [professionals], but 71% of team practices have at least one adviser with the certification, and the CFP Board expects that figure to grow.
"Firms are increasingly seeing the value of certification and what that does for their client relationships," Crowder said. "We're seeing some firms... baking CFP® certification into their training programs, which is new." Read more >
July 31, 2012