COLLEGE NEWS...
05/11/10 - Foundations/RP Mentor class begins for May
This class meets on Tuesday and >>more
04/20/10 - CFP Mentor class begins for April
This is the class first course (of 5) in the >>more
04/06/10 - AAMS Mentor class begins for April
This class meets on Tuesday and >>more
04/06/10 - AWMA Mentor class begins for April
This class meets on Tuesday and >>more
04/05/10 - CRPS Mentor class begins for April
This class meets on Monday and >>more
04/05/10 - CRPC Mentor class begins for April
This class meets on Monday and Wednesday from >>more
03/02/10 - CRPC Mentor class begins for March
This class meets on Tuesday and >>more
03/01/10 - CFP Mentor class begins for March
This is the class first course (of 5) in the >>more
03/02/10 - CMFC Mentor class begins for March
This class meets on Tuesday and >>more
COURSE CALENDAR...
PRESS ROOM ...
The College partners with ASPPA on the QPFC, read the full Press Release here.
Survey of Trends in the Financial Planning Industry
The College for Financial Planning is proud to present these important trends in today’s Financial Planning environment again this year, comparing information from surveys conducted from 2007 through 2009. One major change in the 2009 edition was the addition of Cerulli and Associates’ expertise in conducting and compiling the survey.
CFP® Practitioner Profile
36 percent of planners responding to the survey were between 50 and 59 years of age, which is nearly 15% lower than previous years. 66% of respondents had been in the financial services industry for more than 10 years, which was 21% lower than in 2008. Much of this can be explained by the recent changes in the financial services industry. Again, the majority of respondents (58%) who attended a CFP® Professional Education Program chose the College for Financial Planning. This number is nearly identical to previous years.
CFP® Practitioner Earnings
| 2007 | 2008 | 2009 | |
| Gross earnings in year prior to earning CFP® certification | $80,533 | $103,709 | $94,183 |
| Gross earnings in year after earning CFP® certification | $97,753 | $141,831 | $113,429 |
| Change in gross earnings | 21% | 37% | 20% |
| 2007 | 2008 | 2009 | |
| Current annual gross earnings | $283,079 | $195,394 | $215,345 |
CFP® Practitioner Practice and Typical Client
The typical client (50-59 years, two-income couple, gross annual income between $100,000 and $149,999, working with planner 5-9 years) has been almost exactly the same for the last 3 surveys. However there has been a rise in advisors who address investors with greater than $1 million in net worth.
In 2009, nearly every advisor is using some form of fee-based compensation, a trend that has seen a steady rise over recent years.
CFP® Practitioner Satisfaction and Success
Advisors are largely satisfied with their financial planning careers. Nearly 2/3 of respondents reported career satisfaction.
The full 2009 Survey of Trends in the Financial Planning Industry can be found below:
2009 Survey of Trends
marks. CFP® certification is granted solely by