CFP Board of Standards commissioned Alite Group to conduct a “satisfaction” study to quantify the effect that the certification can have on an advisory practice and the quality of advice that clients receive.*
Bottom line, the “satisfaction” level clients have with CFP advisors was higher than non-certified financial advisors.
Sophie Schmitt, senior analyst with the Aite Group and author of the report stated that
“The elevated level of satisfaction translates into increased revenues for CFP-certified professionals who work in solo practices — earning 40% to 100% more revenue than their counterparts without the credential. Advisor teams who practice with a certified advisor earn an average of 30% more.”
For more details of the study click here.