Earning a financial certification or professional designation has serious benefits for those working in financial planning, says the 2016 Survey of Trends in the Financial Planning Industry, a report by the College for Financial Planning. On average, respondents saw an 18 percent salary increase following the completion of an education program, with 94 percent saying that their financial credentials directly affected their level of success in the industry. The survey also found that continuing education resulted in additional clients and increased career satisfaction. Individuals who had completed a CFFP program as well as professionals educated elsewhere were questioned for the survey, and a 63 percent majority of respondents said they have been working in financial services for more than 10 years.
Financial advisors using Marstone can now use Quovo’s account aggregation technology to sync client data from thousands of financial institutions, including retail brokerages and banks to custodians and mutual fund families. The companies said this will help Marstone, a digital advice software, provide advisors with a more holistic, current and correct view of clients’ portfolios. Lowell Putnam, the co-founder and CEO of Quovo, said his company has experienced a spike in demand for data aggregation and analytics since the DOL announced the fiduciary rule.