financial advisor profitability study

financial advisor profitability study

7 Painful Pitfalls of Your Sales-Based Financial Planning

7 Painful Pitfalls of Your Sales-Based Financial Planning Sales-based financial planning traps advisors in short-term commissions, high client churn, and limited growth. The model prioritizes product sales over holistic advice, which erodes long-term profitability. Stat-led hook: A 2023 Kitces Research report found a 70% higher client churn rate over five