CPA financialplanning practices are growing at a faster rate, and also have higher profit margins than non- CPAfirms offering the same services. CPAs are increasingly being asked to help with the sale of a business, retirement planning, and elder care. For fiscal year 2006, average revenue exceeded $460,000. Depending on the firm’s size, profit margins range between 20% and 37% and are consistently higher than those of their non- CPAcompetitors. There is one very good reason CPA financialplanning practices are enjoying such impressive growth: Market demand. The public recognizes the knowledge, experience, and excellence of the CPA financial planner.
Metzler, James.The Practical Accountant
42. 1 (Jan 2009):
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