6. Financial plan development (15%)
After investment management and retirement planning, there’s no service that advisers currently provide more frequently than financial plan development — and advisers see that service as a future engine of growth for their practices.
It also ranks third behind retirement income planning and investment management among services advisers believe will help grow their practices most over the next five years.
It ranks lower among investors, but they may take it for granted because of the holistic nature of the financial planning process.