ADFP Practice Test – Comprehensive Exam Prep 2025

Many financial planners do actually work within a variety of organizational structures, including accounting firms, law firms, and insurance companies. It is quite common for these professionals to be integrated into these industries because they often collaborate on financial planning activities that require legal and accounting expertise. For instance, lawyers might need financial planners to help clients with estate planning, while accountants often refer clients to financial planners for investment and retirement planning strategies.

The assertion that few financial planners work in these environments may stem from the increasing trend of planners opting for independent practices, allowing them greater flexibility and possibly broader client bases. However, the integration of financial planning into these other professional services signifying a common trend contradicts the provided answer. Thus, the understanding should focus on the prevalent collaboration and employment of financial planners within these firms rather than the notion of them being few in number.