Is it better to be a planner in a state with a lot of other planners, or in a state with only a few? The answer is ... there is no simple answer. Advantages - distinctly different ones - exist in very crowded planning marketplaces as well as in those that are sparsely populated.
The state with the highest proportion of certified financial planners is New Hampshire, which has one financial planner for every 2,633 residents, according to figures from the 2010 census and the 2013 CFP Board's membership roster. At the other end of the spectrum is West Virginia, with one planner for every 15,703 residents. In the middle, Iowa ranks as the 25th state in terms of density of CFPs, with one planner practicing for every 4,978 residents.
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