A common question asked by both students enrolled in our CFP® certification educational program and those considering the CFP® certification relate to the earnings potential of Financial Advisors. A recent article in the Registered Rep discusses the earnings upside of nearly 30% for Financial Advisors obtaining the CFP® certification.
With evidence of increased earnings for the average practitioner awarded this Certified Financial Board of Standards approved designation, the effort is worth it, say CFP® professionals. Think competency and credibility. Clients get that.
“Years ago, the public did not overly understand the various industry designations, including that of CFP,” said Gerry Klingman, founder and president of the independent RIA, Klingman and Associates, in New York. Klingman is rightly proud of his CFP designation. “The perception has changed in the last five years,” he said. “There is more consumer knowledge that the certified financial planner mark is a kind of minimum standard if you want to operate as a qualified financial planner.”
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