Certified financial planners continue to be satisfied with their career choice, are OK with the increased dues they've been charged to boost awareness of the CFP mark, and believe that their designation gives them in a competitive nudge, according to a newly released report by the Certified Financial Planner Board of Standards.
The just-released telephone survey of 808 CFP professionals, conducted in December and January using a random sample of CFP professionals, found that 90% are "strongly satisfied" with their career choice in financial planning, while 91% are strongly satisfied with their decision to pursue CFP certification.
The survey also found that 90% of CFPs would tell others planners to earn the mark while 83% agree that CFPs have a "competitive edge" over financial planners who do not hold the credential — a 2% increase from the 2013 in-depth study of CFPs' perceptions of the value of their certification and its impact on their careers.
The study was conducted by Fondulas Strategic Research.
"We are pleased to see that CFP professionals continue to be overwhelmingly satisfied with their career choice as well as the certification itself," said Kevin Keller, CFP Board's CEO, in releasing the report's findings. "CFP professionals are once again affirming initiatives that help fulfill our mission of upholding CFP certification as the recognized standard of excellence in personal financial planning."
