Nearly a third of financial planning practices plan to hire additional staff in the next 12 months, a survey by the Financial Planning Association, Denver, finds.
Almost 4 in 5 financial planning firms offer 401(k) plans to their employees, FPA found. Of these, 80% match employee contributions or salary.
Sole practitioners who took 21 to 30 days of vacation a year made an average of $111,696–12% more than those who took 15 days or less, FPA reports.
The study was based on data from more than 1,400 practices.