Economic Uncertainty and Client Outlook

CFP® Certificants in the News

How will geopolitical conflicts, elevated inflation, staggering Federal deficits, and high interest rates impact client expectations for 2024?  Counterintuitively, a March 19, 2024 CFP Board news release announced an “overwhelmingly positive” client outlook for 2024. Referring to the pie chart below, over 9 of every 10 clients of CFP® practitioners are somewhat to very positive about 2024.

According the 2024 CFP® Professionals Financial Outlook Survey, “the latest edition of the CFP Board Consumer Sentiment Surveys, also found that nearly half of CFP® professionals (48%) say their clients’ outlook is more optimistic than in 2023. Even with the optimism, the upcoming U.S. elections weigh heavily on investors’ minds. Eighty-three percent of CFP® professionals’ clients expect the 2024 election cycle to have at least some impact on their financial decisions.”

“The value of working with a competent, ethical financial advisor is even higher during times of economic uncertainty,” said CFP Board CEO Kevin R. Keller, CAE. “No matter what’s ahead, Americans who work with a CFP® professional can face the future knowing that the financial advice they receive is in their best interest.”

Be sure to review these Board releases and surveys to see just one more advantage of having CFP® Certification when client sentiment is optimistic or pessimistic!

Financial advisors and planners need a sound understanding of the competitive edge of joining the ranks of highly-trusted financial professional. Get that sound understanding through our CFP® Curriculum when you consider CFP® certification. You’ll discover a select few of the reasons our student pass rates are much higher than the national averages.