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Value of Advice
To mark Financial Planning Week (7-13 October) the FAAA commissioned new research highlighting the value of Financial Planning and updating our Value of Advice Index. The third Value of Advice Report explores both financial and non-financial benefits, measuring its impact on quality of life, financial confidence, and satisfaction, while debunking common myths and analysing the profession’s future.
View the key findings here for CFP® Professionals and FAAA Practitioners, or download the full report below.
Practice Management White Paper
In partnership with Business Health
We believe the future is bright for the business of advice, and many of the findings of this report bear this out. At the same time, there is no doubt that operating a successful practice has become increasingly challenging in recent years, with advisers forced to balance sustainable profitability against regulatory red tape and the cost of providing advice.
The challenge for advisers in 2024 will be in maintaining a client-centred, ethical and sustainable, and profitable financial advisory practice. This paper, with its industry-wide findings, provides some useful reference points for advisers, and will support our members as they navigate the business of advice.
This report explores seven metrics of a successful advice business, enabling you to benchmark your practice against your peers.
FAAA members can download the whitepaper in the FAAA Portal.
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