Boston, April 21, 2016 – Wealth management firms hoping to be recognized for their ability to address clients’ complete wealth management needs should not only be able to give advice on investments but also help families manage their risks, cash flow, and asset transfer needs. To execute on this strategy, firms need to grow advisors’ expertise in areas of wealth management outside investments. CFP® certification was designed to provide advisors with this holistic education. But what does it really offer?
This research identifies CFP® certification’s impact on advisors, firms, and clients by comparing CFP® professionals and practices to those without across multiple firm, practice, and advisor performance metrics. It is based on an October 2015 Aite Group online survey of 403 U.S. financial advisors.
This 33-page Impact Report contains 25 figures and two tables. Clients of Aite Group’s Wealth Management service can download this report.