Financial planning and advisory services have helped fuel an increase in revenues at CPA firms, according to a new study by the American Institute of CPAs and Moss Adams.
The survey found an average financial planning practice size of $460,000 among the 431 CPA firms that responded, with an average yearly growth rate of 34.9 percent between 2004 and 2006. Respondents anticipated a 20.6 percent increase in assets under management in 2007.
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