PFP Study: Hot Niche Shows No Signs of Cooling

New study from Bay Street Group shows CPAs surging into personal financial planning services

Key Data Points:
 Tax, Accounting and Financial Professionals are practically unanimous in agreement that the Baby Boom generation IS NOT ADEQUATELY PREPARED for retirement.
 Professionals seem to agree most often that a reasonable rate of return on retirement investments over the next 20 years should be ABOUT 5% TO 6%.
 Most of today?s Baby Boomers should expect a retirement lasting AT LEAST 20 YEARS.
 Baby Boomers may be in for a rude awakening: Professionals believe most RETIREMENT ACCOUNTS ARE UNDER-FUNDED and the Boomers will need to WORK LONGER and to an OLDER AGE than they currently expect.
 Professionals are widely involved in RETIREMENT PLANNING, utilizing TAX, ESTATE AND TRUST STRATEGIES, and are routinely involved in SAVINGS AND INVESTMENT ISSUES.
 The CPA?s biggest reservation about working with an outside financial services provider is that the provider is, too often, TOO ?SALESY.?
 More than 8 in 10 CPAs see the profession becoming MORE INVOLVED in Personal Financial Planning Services over the next three to five years.

Download the pre-publication Executive Preview here: BSGPFPTrendsExecPreviewNov05_wbdr.pdf

The study is still open and underway. It’s not too late to add your point of view and get the results.

Posted at November 21, 2005
Filed Under BSG [CPA TRENDLINES] |

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