The Value of Working with a CFP® Professional

The Value of Working with a CFP® Professional

October 13, 2023

In today's ever changing financial landscape, having a Certified Financial Planner (CFP®) by your side can make all the difference in how you perceive and manage your finances. A recent study conducted by the Financial Planning Standards Board revealed some compelling insights into the impact of working with CFP® Professional. The findings show that individuals who engage the services of a CFP® professional tend to lead more fulfilling lives, possess a deeper understanding of their financial situation, and feel significantly more confident about their economic well-being.

According to the study, an impressive 87% of those who work with a CFP® Professional reported feeling financially secure, compared to just 41% of those without professional financial guidance. The benefits extend beyond just the financial realm; clients also reported higher levels of satisfaction with their overall quality of life. With a trust level of 98% in their CFP® Professionals commitment to act in their best interests and 92% expressing their intent to continue working with their financial planner, the study underscores the vital role a CFP® Professional will play in helping individuals make informed financial decisions, especially in times of uncertainty. The data also indicates that financial planning is increasingly becoming a priority for the younger generation, with 67% of Gen Yers expressing their intent to seek financial planning advice in the next decade.

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Sources: CFP® Board & FPSB