TITLE

A Look Behind the Scenes: A Survey of How CFPs Work

AUTHOR(S)
Hira, Tahira K.; Van Auken, Howard E.; Norris, Daniel M.
PUB. DATE
October 2004
SOURCE
Journal of Financial Planning;Oct2004, Vol. 17 Issue 10, p74
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article presents the results of a national survey of how certified financial planners work. The scope and design of the survey is more comprehensive than previous surveys and thus enables more issues to be addressed. Specifically, the results will provide information on the socio-demographic and professional profile of certified financial planners, and the financial planning process, products, and strategies used by these financial planners. Part of the survey was directed at identifying the demographic characteristics of financial planners and their business structure. While the financial planning industry has been quite dynamic in growth, little is currently known about the characteristics of financial planners or the type of business organization with which they are affiliated. Information on issues such as the background and expertise, age, income level of financial planners, the organization of their practice, method of compensation, and market characteristics can provide better understanding of the characteristics of the industry. Financial planners were asked questions concerning the number of clients served and the size of the clients' assets. There was a relatively small range in client base in each category.
ACCESSION #
14706945

 

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