CFP Board Survey Reveals Lucrative Compensation for Certified Financial Planners
From the desk of Jim Eccleston at Eccleston Law
According to the inaugural compensation survey conducted by the Certified Financial Planner (CFP) Board, financial planners enjoy substantial earnings when they are Certified Financial Planners (CFPs). According to Barrons, the survey indicates that in 2022, the median total compensation for financial planners was $198,500. However, CFPs earn more, boasting a 12 percent higher median income than their non-certified counterparts.
With efforts to bolster the profession and expand the pool of CFPs, the CFP Board has seen significant growth in certified professionals, with nearly 100,000 individuals now holding the credential. Through initiatives to promote the profession and the CFP designation, the Board champions financial planning as a rewarding and lucrative career path for aspiring professionals.
Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.
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