Financial planning time.

Financial planning practitioners want to spend less time doing administrative work and more time on the actual planning.

A recent poll of 650 practitioners nationwide found:

62%   receive 45% of compensation from
      commissions on sales of investment products
45%   charge a flat fee
40%   want to spend less time on administrative activities
38%   want to focus more on high-value client communications
83%   provide clients with written financial plans
64%   say plans takes six to 20 hours to create and present
21%   of clients have incomes of more than $200,000

Sources: Financial Planning Association, Financial Research Group