- column
- Top Line
Objective Advice Drives Revenue
Please note: This item is from our archives and was published in 2008. It is provided for historical reference. The content may be out of date and links may no longer function.
Related
No Results
TOPICS
-
Uncategorized Article
PERSONAL FINANCIAL PLANNING
The 2007 AICPA/Moss Adams CPA Financial Planning Practice Study, which tracked 431 CPA and CPA-affiliated firms between 2004 and 2006, revealed an average revenue increase of almost 35% per year for financial planning and investment advisory practices.
According to the study, client demand for objective advice is a primary factor contributing to the growth of this practice niche.
About half of the firms studied began offering these services between 2000 and 2007, while 35% began in the 1990s. Only 15% reported they had financial planning practices before 1990.
Source: The AICPA, www.aicpa.org; and Moss Adams LLP, www.mossadams.com.
