Only 72% of those who work with an advisor without certification were found to be satisfied.
The research, entitled Adding Expertise to a Financial Advisor’s Practice: Measuring the Contributions of CFP Professionals was commissioned by Certified Financial Planner Board of Standards.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
According to the research, while 20% of all financial advisers in the US hold the CFP certification, more than 70% of all team practices have at least one CFP professional, providing a holistic view of clients’ finances.
Additionally, sole CFP professionals were found to generate between 40% and 100% more revenue than those financial professionals who do not hold the certification and team practices with a CFP professional on staff were found to generate 30% more in revenue.
Moreover, the financial professionals with CFP certification were found to work with more of their clients on a long-term, recurring basis, managing 45% of client assets for AUM-based fee.
45% of CFP professionals stated that financial planning is very important to their business model.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
