Denver (Aug. 13, 2004) -- Having a Certified Financial Planner certification may have a positive effect on firm revenue, according to a study by the Financial Planning Association.
Firms with a CFP certificant on staff had over $300,000 more in revenue than firms with no CFP professionals on staff, and CFP-certified owners had over 50 percent greater pre-tax income in their practices than their non-CFP-certified counterparts, according to the 2004 FPA Financial Performance Study, sponsored by SEI Investments and produced by Moss Adams LLP. Participants in the study included 638 financial advisory firms with total revenues of $471 million reported in 2003.
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