2007 AICPA/Moss Adams CPA Financial Planning Practice Study

CPA financial planning practices are growing faster than the broader financial planning profession and have a higher operating profit margin than similar-sized peers. Over the past several years, the typical CPA financial planning practice generated over $400,000 in revenue, requiring the efforts of one and a half individuals on a full-time equivalent basis (FTE).

These are some of the many intriguing findings of the 2007 AICPA/Moss Adams CPA Financial Planning Practice Study, the first comprehensive effort to profile the CPA financial planner universe. This landmark study provides insights into how successful CPA financial planners are running their practices—and the challenges that they face.

The CPA financial planning practice has taken hold as an attractive niche over the last two decades. These practices are growing at a healthy rate, but they have experienced some challenges, as well. The AICPA/Moss Adams Study contains detailed information on the state of this practice area today.

The Study includes:

• A profile of CPA financial planning practices, including an examination of different business models and a look at how CPA financial planners compare with the broader financial planning industry.
• An analysis of the challenges facing CPA financial planning practices, such as resource issues, compliance requirements and marketing concerns.
• An identification of the successful best practices being utilized by survey respondents. The report identifies four recommendations and describes each one in detail.
• Advice for solo practitioners. The report also discusses best practices used by successful solo firms.
• Insights into single-entity providers of CPA and financial planning services and stand-alone businesses. In addition, it provides information on how CPA financial planners use referral partners.

The data is discussed in detail throughout the report and listed in data tables in an appendix.

The unique AICPA/Moss Adams study provides all the information you need to understand this dynamic practice area.

Note on the PDF version: If you order the download version, the electronic download file will be accessible immediately after completing your purchase. Access to this file – from the My Download page – expires 90 days from purchase date.

Please note this product purchase is non-refundable. For more information about this product or service concerns, please contact the AICPA Service Center at service@aicpa.org or call 888-777-7077.