Hand holding a piece of puzzle with words Financial Planning. business concept Getty Conventional planning, in my view, is wishful thinking and dangerous. Conventional planning was designed by Wall Street to sell products, not to obey common sense economic principles. This is why no economics or finance department teaches conventionalRead More →
With the mass movement towards index funds giving asset managers a large number of shareholder votes in publicly traded companies, companies are facing increased pressure to use this power to drive change. A group of unions, corporate responsibility organizations, religious leaders and other investors accuse asset managers of making ‘publicRead More →
As we look back on the second year stuck in a COVID world, many things have unfolded that give us a reason to pause and learn. Some are new, some are old, but nonetheless there was something going on for anyone who chooses to learn from history. The first elementRead More →
“I will effectively be the chief adviser,” Van Cauwenberghe said in an email to Investment Director. In this role, Van Cauwenberghe oversees the division’s three teams: the Advanced Financial Planning Group, comprised of the firm’s 40 tax and estate professionals; IG University, the firm’s advisor training group; and the NetworkRead More →
“I will effectively be the chief adviser,” Van Cauwenberghe said in an email to Advisor Advantage. In this role, Van Cauwenberghe oversees the division’s three teams: the Advanced Financial Planning Group, comprised of the firm’s 40 tax and estate professionals; IG University, the firm’s advisor training group; and the NetworkRead More →
More retirees would apply for their Social Security benefits online if they knew they could do it and get answers to basic questions about the process, according to a new study. Only about 35% of retirees apply for their Social Security benefits entirely online, without any phone calls or visitsRead More →
Question: The stock market has soared since COVID-19 hit in March 2020, but I’m starting to feel anxious. Is it possible that we are witnessing another collapse? As we start the new year, I wonder if now is the right time to reduce risk in my portfolio? Responnse: Portfolio riskRead More →
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FAIRMONT, Minn. (KEYC) – A new year ahead means everyone’s annual goal check, and a frequent goal to check is finances. As people look back on their previous year and the year ahead, Sweet Financial Planning said the new year provides an opportunity to assess and adjust accordingly. “Now, IRead More →
Year-End Elements of Financial Planning | Guest column December 28, 2021 12:17 p.m. With the end of the year fast approaching, we remind our clients that now is the time to review key aspects of their finances. As financial planners, there are some things that we consider very important toRead More →
Some financial planners will deliver what I would call “an assessment that doesn’t have to be … [+] your best interests” as a suitability assessment, rather than an assessment of “your best interests”. To consider The term financial planning is often used casually. And the term financial advisor also appliesRead More →
File/eExtra News Financial planning can help you better understand where you are financially, how to prepare for the challenges ahead, and how to plan where you want to go. If you haven’t prepared a financial plan for yourself or your family, a financial advisor can help. Here are the typicalRead More →
These professionals do a comprehensive analysis of your entire financial life, help you identify your goals, and then create an investment and insurance strategy to achieve those goals. Estate planning is often offered by a certified financial planner and includes wills, trusts, tax planning, inheritance and end-of-life planning. Usually, butRead More →
Retirees and near-retirees often don’t know what they are looking for when looking for a financial advisor. We know this because of the emptiness of the sales pitches consulting firms use to get our retirement planning business. Since these companies often employ some of Madison Avenue’s best public relations firms,Read More →
Five of the top 10 financial advisor hires or M&A transitions among independent brokerages this year led to the closure or reorientation of a brokerage firm. In the latest phase of the ongoing record consolidation of wealth management, expanding giants such as LPL Financial, Cetera Financial Group, Mariner Wealth Advisors,Read More →
The SEC needs better metrics, accountability and disclosure in its frequent FINRA reviews and inspections, according to a government oversight agency. As the sole entity overseeing the self-regulatory organization, the SEC has reviewed FINRA at least 69 times over the past three fiscal years in 10 different areas of itsRead More →
MUNCIE, Ind., December 16, 2021 /PRNewswire/ — Moneytree Software, LTD, an Accutech Systems Corporation company and a leading provider of cloud-based financial planning solutions, today announced the acquisition of eFinPlan, a website for to help individuals understand the importance of sound financial planning. “At Moneytree, we recognize that improving financialRead More →
While men appear to be more vulnerable to the COVID-19 virus itself, women have been much more financially impacted by the pandemic. Additionally, the spread of the Delta variant, and now Omicron, and the continued uncertainty around the economy means that the impact of the pandemic on women and theirRead More →
Financial Planning Software Market 2022-2028 A new market study, titled “Upcoming Trends, Growth Drivers, and Challenges of the Financial Planning Software Market” was featured on fusionmarketresearch. The description This comprehensive study of financial planning software The market offers an overview of the existing market trends, drivers, restraints, and metrics andRead More →
TORONTO, December 14, 2021 /PRNewswire/ — Planswellthe financial planning engine that delivers free, personalized financial plans to consumers in less than three minutes, today announced that it will offer its advanced financial planning software to financial advisors in the United States and Canada free. Financial advisors will be able toRead More →
Worldsource will offer a platform as an enterprise-wide solution to the entire wealth management segment MARKHAM, Ont., Dec. 14 10, 2021 (GLOBE NEWSWIRE) — Worldsource Wealth Management Inc. (Worldsource), a subsidiary of Guardian Capital Group Limited (Guardian), today announced that it has entered into an agreement with Conquest Planning (Conquest)Read More →
What do you want to know FFP seeks to support its growing set of pro bono programs. FFP has already raised almost a million dollars. Founded in 1995, FFP provides pro bono financial advice and planning to financially vulnerable groups. The nonprofit Foundation for Financial Planning announced last week thatRead More →
Florida’s top economist said Thursday that the Legislative Assembly may consider adding a few hours of tax and financial advice to the list of benefits the state of Florida offers its employees. Amy Baker, the coordinator for Florida’s Bureau of Economic and Demographic Research, said currently fewer than 5,000 peopleRead More →
I’m often surprised how little attention some people pay to their retirement accounts. They don’t look at the statements. They don’t remember who their beneficiaries are. Sometimes they can’t even tell me if their company pays any consideration on their 401(k) plan. I know how busy life can be, butRead More →
A Financial Times writer asked his Instagram followers to describe their feelings about pensions in one word. ‘Confused’, ‘lost’ and ‘uninformed’ were the top responses. But why does the mention of pensions have to evoke these feelings? Singapore’s Central Provident Fund Board (CPFB) has set itself the task of makingRead More →
After decades of low inflation and a long period in which investors questioned the need for inflation-linked assets, the specter of a sustained surge in inflation has brought protection to the fore in the market. mind of customers. In our experience, most inflation economic models have historically offered limited valueRead More →
The gap between the cost-of-living adjustment formula for Social Security benefits and the one not used but long favored by retiree advocates is narrowing, and the differences between them are blurring. About 64 million beneficiaries will receive largest COLA in almost 40 years in January, after inflation inflated costs capturedRead More →
Investments companies are making in mobile apps are starting to pay off, but the financial advisory industry still has a long way to go. According to JD Power, three-quarters of wealth management companies have improved the functionality of their apps in the past year, up from 44% in 2020. AsRead More →
WASHINGTON, November 23, 2021 /PRNewswire/ — The CFP Board Center for Financial Planning (“Centre”) today announced the winners of the 2021 Best Paper Awards. Finance and Related Disciplines (“Symposium”), which took place on November 11-16, 2021. The Colloquium is an international gathering of researchers, practitioners, graduate students and leaders inRead More →
Job : November 19, 2021 / 11:48 a.m. CST / Update: November 19, 2021 / 11:48 a.m. CST Managing Partner Dennis Bielik and Senior Advisor John Fowler, both of Trusted Capital Group, joined Studio 512 co-host Stephanie Gilbert to talk financial and retirement planning. “If you ever played board gamesRead More →
According to a new study from Tata Consultancy Services (TCS). As a result, the demand for digital consulting solutions in the areas of financial planning, forecasting and analysis has increased over the past two years, a senior TC executive said. According to the study, 50% of respondents admitted that theyRead More →
The Center administers scholarships to help qualified individuals complete the education and examination requirements as part of the CFP® certification process. Fellowships offered in conjunction with the College for Financial Planning® help the Center achieve its mission of creating a more diverse and sustainable financial planning profession. It also allowsRead More →
With the end of 2021 fast approaching, here are the top seven year-end financial planning tips Sands Anderson PC’s trust and estate planning team and tax team have for business owners and managers. business : 1. Review your estate plan and trust with your financial advisor and lawyer. Due toRead More →
WASHINGTON, November 17, 2021 /PRNewswire/ — The CFP Board Center for Financial Planning (“Centre”) today announced that it will join the Financial Alliance for Racial Equity (FARE), a partnership of leading financial services organizations, associations and colleges and historically black universities (HBCUs). FARE was created in late 2020 by aRead More →
SEC Commissioners Allison Herren Lee and Hester Peirce both agree that climate change and digital asset disclosures are among the most important issues the commission will consider in the coming months. But their positions diverge strongly as to the role that the agency plays in their regulation. The lively discussionRead More →
The certification body that oversees the industry’s largest and most respected planning designation is asking more wealth managers to disclose their advisor demographics. During this week’s CFP Board Center for Financial Planning Diversity Summit sessions, executives, academics, advocates, and the chair of the Congressional Black Caucus explained why the dataRead More →
When two clients received a worrying letter from the IRS last July, Gerry Barrasso, their financial adviser, urged the married couple to calm down. The missive said the New York pair owed $271,346 in additional taxes, including a $54,269 penalty and $11,423 in interest, on the sale of nearly aRead More →
Only a third of Canadians fully understand what a financial plan is Over 80% (wrongly) think it’s just about investment management Canadians who have a plan are three times more confident they will achieve their financial goals TORONTO, November 12, 2021 /CNW/ – To mark Financial Literacy Month, IG WealthRead More →
For example, there is tax-free compensation, generous education benefits, no or low cost health care, housing allowances and a host of free services on base. That’s why Certified Financial Planners advising military and veteran families suggest you anticipate and plan for what’s to come to minimize financial disruption while savingRead More →
There are more than 40 ESG ratings, 150 rankings and 450 indices, according to the World Business Council for Sustainable Development. But as quality information about fund practices becomes more important to advisers, a lack of standardization and transparency means scores can vary depending on the company providing the rating.Read More →
Just like this summer, CI Financial is celebrating another record quarter fueled by rapid expansion in the United States. The Toronto-based company has reached new all-time highs for asset levels and the best net flows in its asset management business in more than six years, CI Financial CEO Kurt MacAlpineRead More →
“Millennials see money not just as a store of economic value, but as an expression of their ideals, such as inclusion and diversity, social justice and climate change. And there is a real opportunity for finance professionals to better position themselves and adapt their service offerings,” says Dr. Brooke hitresearchRead More →
CHICAGO, November 9, 2021 /PRNewswire/ — Today, CDL 1000, a leading technology/logistics company, announced by Leon Levin appointment as Chief Financial Officer, where he will oversee accounting, pricing, financial planning and analysis, financial reporting, investor relations, internal audit, payroll, purchasing, SEC reporting, taxation and cash flow. He will report toRead More →
Despite the record volume and size of M&A deals in 2021, one of wealth management’s most active consolidators aims to stay in “our ideal range,” its CEO said. After concluding or announcing more than 30 transactions through November 1, Focus Financial Partners is behind this massive consolidation. Its revenue andRead More →
K-State’s All-Female Team Places Second in Financial Planning Association’s National Financial Planning Competition Tweet that “Megan, Britta and Ana represent the first all-female team to compete since K-State and one of the first to compete nationally,” Personal Financial Planning Department Chief Martin Seay said. “The team’s accomplishments are a testamentRead More →
TORONTO, October 29, 2021 /CNW/ – FP Canada is pleased to host the 13and the annual Financial Planning Week and new expanded virtual conference, taking place from November 23-November 25, 2021. The theme this year is Connect.Grow.Achieve. The conference, moderated by CTV’s chief commentator, Patricia Lovett-Reid, CFP®brings together professional financialRead More →
UK: Retirement Rule 1: Don’t Run Out of Money – Financial Planning Week October 27, 2021 Hillier Hopkins To print this article, all you need to do is be registered or log in to Mondaq.com. This article was provided by Satis Wealth Management, a sister company ofRead More →
WASHINGTON, October 27, 2021 /PRNewswire/ — The CFP Board Center for Financial Planning (“Centre”) today announced sponsors for its fourth annual Diversity Summit and Career Fair, which will take place virtually from November 17-19, 2021. This year’s summit will focus on the theme “Metrics that Matter”, highlighting qualitative and quantitativeRead More →
WASHINGTON, October 21, 2021 /PRNewswire/ — The CFP Board Center for Financial Planning (“Centre”) today announced the agenda for its fourth annual Diversity Summit and Career Fair, to be held virtually from November 17-19, 2021. Registration is free and all sessions will take place between 12:00 p.m. and 4:00 p.m.Read More →
Financial advisers and wealth management firms worried that the Biden administration will immediately destroy the SEC’s Best Interest rule can rest a little easier. At an Oct. 19 panel hosted by New York University Law School’s Corporate Compliance and Enforcement Program, SEC Chairman Gary Gensler pledged vigorous enforcement. of theRead More →
CHICAGO, October 19, 2021 /PRNewswire/ — Hightower today announced that it has joined the Foundation for Financial Planning (FFP), the nation’s only 501(c)(3) nonprofit charitable organization dedicated solely to supporting the provision of pro bono financial planning, as a 2021 impact partner. Founded in 1995 by advisors seeking to giveRead More →
Specializing in a modern approach to relationship-based financial planning, Clarity Financial Design uses a Design your financial future process to help women visualize, define and move towards their financial goals. “I am excited to launch my own comprehensive financial planning practice. Helping women plan and prepare for their financial futureRead More →
Randy McDaniel The holiday festivities will soon be here and before this busy season arrives, I encourage families to think about their financial goals to end 2021 strong and look ahead to 2022. Financial Planning Month, designated annually October is a time for families to take stock of the progressRead More →
FINRA is considering new rules targeting the “narrow issue” of disclosures for wealth managers and other members who offer certain cryptocurrency assets, CEO Robert Cook said. Cook made the comment during a panel hosted with SEC Commissioner Hester Peirce and other regulators from New York Law School’s Ronald H. FillerRead More →
Retirement planning (45%), general health and well-being (23%) and estate planning (23%) are the most important topics discussed between an investor and their advisor, respondents said. Among those leaving an inheritance, the most common concern was how the high cost of living and home ownership would affect their heirs. AsRead More →
Changing cultural and political attitudes towards employment and the COVID-19 pandemic have upended the talent market – and RIAs are no exception. In fact, the DeVoe 2021 RIA Talent Management Report found that staff turnover increases rapidly in financial advisory practices. With voluntary departures at their highest level in aRead More →
STEP 3: TITRATION Once the estate plan is updated and the documents are prepared to reflect the current situation and goals, it is time to think about the allocation of titles – both individual and joint accounts. It is important to ensure that the account name and beneficiary designations coincideRead More →
WASHINGTON, October 8, 2021 /PRNewswire/ — The CFP Board Center for Financial Planning (“Centre”) today announced that the fifth annual academic research colloquium (“Colloquium”) on financial planning and related disciplines will be held virtually on November 11-12 and 15-16, 2021. Tickets are available for purchase for $49 and many sessionsRead More →
The cryptocurrency has been in the headlines since the launch of Bitcoin in 2009. Stories abound of individuals becoming millionaires or even billionaires through their cryptocurrency investments, leading to clients asking their advisors if they should get into the crypto game. While many experts believe that cryptocurrency is here toRead More →
As we enter the last quarter of 2021, you have three months left in the year to use some financial planning strategies to maximize your wealth planning for the year. This is also a good time to check off the planning items you wanted to do. Year-end is a lotRead More →
eMoney Advisor announces its new partnership with the Foundation for Financial Planning (FFP). Tweet that “We are deeply committed to giving back and advancing our vision of financial peace of mind for all. Together with FFP, we can leverage technology and industry expertise to provide financial advice to communities theRead More →
NEW YORKOct. 5, 2021 /PRNewswire/ — Financial Planning Standards Board Ltd. (FPSB), owner of the international CERTIFIED FINANCIAL PLANNER certification program outside the United States, has released the results of its Future of Financial Planning Practice research, a survey of 4,250 CERTIFIED FINANCIAL PLANNER professionals in 23 territories, conducted inRead More →
NARSSA and the FPA will work together to help educate FPA members on Social Security, including access to the RSSA course. Tweet that “We are delighted to work with FPA,” said Todd S. Whiton, Managing Director of NARSSA. “FPA is a prestigious and highly respected association for the financial planningRead More →
Financial Planning Story of the Month Financial planning as a concept has been around for a long time, but not as we know it today. When Loren Dunton started the Society for Financial Counseling Ethics in 1969, or when the first class of the College of Financial Planning graduated inRead More →
Fintech startups like Onramp Invest have new competitors in an accelerated race to provide financial advisors with access to digital assets like Bitcoin. Flourish, a fintech Mass Mutual Life Insurance Company acquired in 2020 to provide RIAs with cash management services and other financial products, has a new solution toRead More →
According to the CFFP, which created and owned the CFP certification, it continued to expand the certification and surpassed 10,000 by the mid-1980s. In 1980, however, CFFP sued Adelphi University for the unauthorized granting of CFP grades to graduates of its respective certificate program. Still, despite CFFP’s trademark rights, itRead More →
WASHINGTON, September 15, 2021 /PRNewswire/ — The CFP Board Center for Financial Planning (“Centre”) today released a Guide to Financial Planning Careers provide guidance to students, career changers and financial services professionals on how to begin and maintain a successful and rewarding career in financial planning. The new guide isRead More →
The Center administers scholarships to help qualified individuals meet study requirements for the CFP® certification process. The scholarship offered in collaboration with Ballentine Partners helps the Center achieve its mission of creating a more diverse and sustainable financial planning profession. “We believe that supporting diversity within the next generation ofRead More →
Despite sluggish business and a dwindling number of insurance-owned wealth managers, a mid-sized firm is trying to catch up with advisory-focused rivals and return to growth. Penn Mutual Life Insurance has hired veteran wealth management executive Aaron Gordon to be president of its independent brokerage, Hornor, Townsend & Kent, afterRead More →
WASHINGTON, September 2, 2021 /PRNewswire/ — The CFP Board Center for Financial Planning (the Center) and Parsec Financial today announced the launch of the Parsec Financial CFP® Certification Diversity Scholarship which aims to advance diversity in the financial planning profession. Over the next four years, the scholarship will offer fourRead More →
Brian Hart is Founder and President of Flackable, an award-winning public relations agency representing financial and professional services brands nationwide. The agency, which he launched in 2014 at the age of 27, guides growth-oriented brands to new levels of credibility, authority and influence through his innovative and integrated approach toRead More →
Saving for retirement as a graduate student is a topic that doesn’t get the attention it deserves in higher education circles. Surely there are many reasons for this, but whatever they are, the bottom line is that for graduate students and doctoral students. students in particular, the opportunity cost ofRead More →
Recently, Tom Sporkin, the CFP Board’s new Chief Enforcement Officer, contributed a column here titled “What a Former SEC Executive Learned About the CFP Board’s Enforcement Program,” which itself was a rebuttal of Allan Roth’s earlier contribution,”The CFP Board has given up on protecting the public from unscrupulous advisers.” AsRead More →
DENVER, August 18, 2021 /PRNewswire/ — Financial Planning Standards Board Ltd. (FPSB) and its global network are pleased to host the fifth World Financial Planning Day (WFPD) on Wednesday, October 6 as part of the International Organization of Securities Commissions (IOSCO). Investor Week. Representing more than 192,000 CERTIFIED FINANCIAL PLANNINGRead More →
Despite evidence that highlights the benefits of working with a professional financial planner, an overwhelming majority of Canadians choose not to for a variety of reasons. Misconceptions that financial planning is only for the wealthy and costs a lot of money are partly to blame, and many lack knowledge onRead More →
Melinda Wilke (Wealth Advisor/Founder); Photo by Linda SmallPage, Shop Photographer Wilke Wealth and Investment PlanningRetirement • Investments • Protection • Estate • Family 5307 S. 92nd St., Suite 128, Hales Corners | 414-856-3060 | [email protected] | wilkewealth.com Wilke Wealth & Investment Planning is a national practice specializing in physicians, healthcareRead More →
The report says this may be why, on average, advisors rank a variety of planning topics as relatively equally important, including these: Projected retirement income versus projected living expenses: 53% Estimated retirement living expenses: 51% Current spending/savings and investment goals: 51% Alignment of future spending and savings with financial goals:Read More →