Financial advisors who carry the CFP designation add value to their firms, are more productive, and provide a higher level of client satisfaction, according to the results of a new study. Not only that, but they also provide a boost to revenues —and that's whether the firm is a sole-proprietor operation or a team firm.
The results of the research, a white paper from Aite Group titled "Adding Expertise to a Financial Advisor's Practice: Measuring the Contributions of CFP Professionals," were released on Tuesday by the CFP Board and Aite Group. Among the data were such certification-encouraging nuggets as these:
Client satisfaction is higher. Among clients who work with an advisor, 87 percent of those working with a CFP are satisfied or very satisfied, compared with 72 percent of those who work with an advisor without certification.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
