By several measures, 2012 was a banner year for financial advisors. As measured by the fifth annual study of independent advisors by Tacoma, Wash.-based consulting firm FA Insight, the median operating profit margin among advisor firms last year was 20.5%, which is the highest level since FA Insight started tracking the space. In addition, the $1,324 in profit per client generated in 2012 was a five-year high and more than double what firms generated in 2009.
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