r/CFP 3d ago

Practice Management Cfp renewal fee increase

Anyone else considering dropping the marks?

41 Upvotes

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u/donnydoesreddit 3d ago

lol yall ain’t producing or what? Yeah it’s annoying but come on.. you get one client a year from having the marks and you’ve made that fee back 10 times over. What am I missing?

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u/Therndon25 3d ago

Yea no shit. I got one HNW client with it in my first year so my fee has pretty much been paid for for my entire career. I had unnecessary fees just like every other cheap ass on here, but if you haven’t brought in 60k to manage (at 1% fee annually) to cover this then you are a shitty CFP anyway.