They also Make More Money than Investment Advisers, Study Shows

[CERTIFIED FINANCIAL PLANNER™ professionals] deliver higher revenue and more client satisfaction for their firms, while making more money than other investment advisers, according to a survey commissioned by the [CFP Board].

One reason that CFP® [professionals] produce these results is that they manage clients holistically rather than selling specific investment products.

"Practices with CFP® professionals work with more of their clients on a long-term, recurring basis, managing 45% of client assets for an [assets under management]-based fee (versus 30% for other advisers) and delivering a financial plan or a needs analysis to about 30% more clients in 2011 than did practices without CFP® professionals," the report stated. Read more >

Investment News
Mark Schoeff, Jr.
July 31, 2012