Nerd's Eye View

FEBRUARY 27, 2023

Advisors who attain the CFP marks are held to even higher standards, though, with all CFP certificants required to adopt CFP Board’s own more-stringent Code of Ethics and Standards of Conduct. A forthcoming study by Jeff Camarda et al. in Journal of Financial Regulation, however, concludes the opposite.

CFP 130

CFP Financial Advisor Ethics Certification 130

Investment Writing

FEBRUARY 6, 2024

“Do I need to use the ® mark with my CFP designation”? This question spurred me to do some research on whether one must always write “CFP ®.” In fact, I rarely included an interviewee’s CFP designation because space was tight. Here’s the CFP Board’s response to my tweet on the topic.

CFP 103

CFP Certified Financial Planner Advertising Financial Planner 103

Wealth Management

JULY 17, 2024

She’ll succeed current CFP Board Chair Matthew Boersen and Chair-Elect Liz Miller. Terri Kallsen joined Joe Duran’s new venture after previous stints at Wealth Enhancement Group and Schwab.

CFP 109

CFP 109

Nerd's Eye View

APRIL 19, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that CFP Board announced that it has crossed the milestone of 100,000 CFP professionals in the United States, and despite having just celebrated its 50th anniversary last year, just set a record high in the number of advisors sitting (..)

Financial Planner 246

Financial Planner CFP Financial Advisor Retirement Planning 246

Wealth Management

OCTOBER 28, 2024

In a newly released white paper, the organization recommended that the Board allow certificants at SEC- and FINRA-registered firms to be considered compliant with CFP rules.

CFP 111

CFP 111

Nerd's Eye View

DECEMBER 16, 2022

Also in industry news this week: While the FPA is going full steam ahead on its federal and state lobbying efforts to regulate the title “financial planner”, CFP Board is more focused on increasing recognition of the CFP marks.

Financial Planner 246

Financial Planner CFP Financial Advisor Retirement Planning 246

Nerd's Eye View

SEPTEMBER 8, 2023

Also in industry news this week: Changes to CFP Board’s procedural rules went into effect September 1 and are intended to make the disciplinary process more efficient for respondents as well as CFP Board staff, and to expand the CFP Board’s ability to pursue more complaints against CFP professionals A NASAA model rule follows in the footsteps (..)

Financial Planner 246

Financial Planner CFP Clients Investment Planning 246

Wealth Management

JANUARY 19, 2023

The total number of CFP professionals topped 95,000 for the first time. While the percentage of women and racially diverse certificants grew from the previous year, the pool continued to mirror the industry’s diversity as a whole.

CFP 105

CFP Numbers 105

Advisor Perspectives

FEBRUARY 19, 2023

Let’s explore whether the CFP Board, the most powerful and prominent organization supporting the advisory profession, can do more to support the adoption of a full fiduciary standard. We’ll also ask whether the CFP Board actually owns the trademark for “certified financial planner,” as it claims.

CFP 98

CFP Certified Financial Planner Financial Planner 98

Nerd's Eye View

JANUARY 3, 2023

Sue is the owner of Delegated Planning, which offers virtual outsourced financial planning support to 55 advisory firms, and the co-founder of Planning Zoo, an outsourced financial planning data entry business that helps current and recently graduated students from college CFP educational programs connect with advisory firms that need paraplanner support (..)

CFP 130

CFP Planning Financial Planning Financial Advisor 130

Nerd's Eye View

OCTOBER 3, 2023

Brett is the Founder of Brett Danko Educational Center, a CFP Board Education and Exam Prep provider, and the CEO and Managing Partner for Main Street Financial Solutions, an independent RIA based in Newtown, Pennsylvania, that oversees almost $2 billion in assets under management for nearly 1,700 client households.

Certified Financial Planner 246

Certified Financial Planner CFP Education Financial Advisor 246

Wealth Management

JULY 19, 2023

Elizabeth Miller, the founder and president of Summit Place Financial Advisors is the 2024 CFP Board Chair-elect, set to take leadership for a year in 2025.

CFP 98

CFP Financial Advisor 98

Abnormal Returns

SEPTEMBER 16, 2024

riabiz.com) CFP professionals make more money. (riabiz.com) How Ron Carson is distancing himself from his old firm. investmentnews.com) How to serve a niche serving university employees. citywire.com) How the battle for higher fiduciary standards fizzled out. kitces.com)

Wealth Management 279

Wealth Management Startup CFP Retirement 279

Nerd's Eye View

JANUARY 27, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that CFP Board announced this week that it is splitting into two separate organizations with the same leadership but different nonprofit statuses.

Financial Planner 246

Financial Planner Nonprofit CFP Advertising 246

Abnormal Returns

OCTOBER 21, 2024

podcasts.apple.com) Josh Brown and Michael Kitces talk about how a recent CFP ad campaign went wrong. (frazerrice.com) Brendan Frazier talks with Ben Haas about how to conduct client 're-discovery' meetings. youtube.com) The biz Schwab Advisor Solutions will look to boost revenue, just not through custody fees.

CFP 290

CFP Communication Investment Advisor Management 290

Abnormal Returns

JUNE 3, 2024

kitces.com) The 100,000th person has gotten their CFP designation. (wsj.com) Partial retirees have a higher propensity to spend. thinkadvisor.com) Advisers How advisers can deal with 'capacity crossroads.' citywire.com) Why breakaway advisors decided to go independent. investmentnews.com) Why organic asset growth is hard to find.

Estate Planning 279

Estate Planning CFP Retirement Assets 279

Abnormal Returns

OCTOBER 9, 2023

advisorperspectives.com) How to choose a CFP exam study program. (advisorperspectives.com) What does comprehensive financial planning entail? wealthmanagement.com) Inflation is the biggest risk to retirees. alphaarchitect.com) Should you have a friend as a client? thinkadvisor.com)

CFP 300

CFP Education Financial Planning Planning 300

Abnormal Returns

SEPTEMBER 9, 2024

kitces.com) Ownership Nearly half of all financial planners surveyed by the CFP Board have an ownership stake in the company where they work. (wealthmanagement.com) The most recent news in the advisortech space including 'Blackrock's investment in GeoWealth.' citywire.com) A lot can change when you sell your practice.

Financial Planner 277

Financial Planner Estate Planning CFP Financial Advice 277

Nerd's Eye View

OCTOBER 6, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent survey found that clients across several countries who work with a CFP professional have better outcomes on a range of measures compared to those working with other advisors or no advisor at all, suggesting that the (..)

Financial Planner 246

Financial Planner CFP Certification Communication 246

Nerd's Eye View

FEBRUARY 10, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that according to CFP Board leaders, “everything is on the table” when it comes to the organization’s announced competency standards review.

Financial Planner 246

Financial Planner CFP Certification Retirement Planning 246

Alpha Architect

SEPTEMBER 12, 2023

Let’s talk about the right approach(es) and the proper study techniques you need to pass the CFPⓇ exam with confidence and get the certification you need to advance your career in finance and investing. How to Crush the CFPⓇ Exam ?: Part 1 was originally published at Alpha Architect.

CFP 135

CFP Certification Investing Investments 135

The Big Picture

JANUARY 29, 2024

When the opportunity to partner with Adam Day, CFP in Naples came along, we jumped on it. In a few weeks, we are heading down to Naples, Florida, where we just launched a new office! Everybody knows what a fun city Miami is, but I am a big fan of the underappreciated gem that is the Gulf Coast of Florida.

CFP 52

CFP Financial Planning Clients Economy 52

Nerd's Eye View

NOVEMBER 1, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that SIFMA, which represents broker-dealers, investment banks, and asset managers, released a white paper that argues that CFP Board "increasingly functions as a de facto private regulator for CFP certificants" and proposes that CFP (..)

Financial Planner 188

Financial Planner CFP Certification Retirement Planning 188

Nerd's Eye View

JULY 17, 2023

has increasingly made financial services products available directly to consumers, financial advisors have focused more and more on the business of financial advice itself.

Ethics 244

Ethics Financial Advice CFP Financial Advisor 244

Nerd's Eye View

OCTOBER 11, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a CFP Board ad campaign promoting a career in financial planning to high school and college students sparked an uproar in the planning community, as some advisors questioned whether the messages being sent in the ads – (..)

Financial Planner 246

Financial Planner CFP Financial Planning Retirement Planning 246

Nerd's Eye View

MAY 7, 2024

So, whether you're interested in learning about entering the financial advice industry as a career changer, how to build a partnership with a more senior advisor, or how to maintain work-life balance while advancing in your career, then we hope you enjoy this episode of the Financial Advisor Success podcast, with Hannah Provost.

Banking 246

Banking Financial Advisor CFP Financial Advice 246

Nerd's Eye View

APRIL 4, 2024

Accordingly, much of the heavy lifting to meet the demand for new advisors will likely be done by the Schwabs and Vanguards of the world, while professional organizations, like the FPA and CFP Board continue to create systems and structures that make it easier for growing firms to develop training programs and career tracks.

Financial Planner 246

Financial Planner CFP Professional Services Financial Planning 246

Abnormal Returns

MAY 1, 2023

barrons.com) 529 plan funds could be used to pay for CFP educational courses. (investmentnews.com) Why it can be difficult to offload 'non-ideal' clients. riaintel.com) Austin, TX is a rapidly growing market for wealth management. investmentnews.com)

Wealth Management 246

Wealth Management CFP Education Clients 246

Abnormal Returns

AUGUST 28, 2023

mywealthplanners.com) The CFP Board wants to encourage pro bono planning. (riabiz.com) Charles Schwab ($SCHW) is planning more job cuts due to the TDA integration. investmentnews.com) Pro bono planning Does financial planning have a pro bono problem? kitces.com) The SEC is focusing on RIA marketing.

Tax Planning 246

Tax Planning CFP Financial Planning Planning 246

Wealth Management

NOVEMBER 9, 2023

The Board’s Disciplinary and Ethics Commission previously released anonymized iterations of its public sanctions, but starting today the Board will make the actual orders available to the public.

CFP 114

CFP Ethics Commission 114

Nerd's Eye View

SEPTEMBER 27, 2024

Also in industry news this week: As brokerage firms have faced a wave of lawsuits regarding the low interest rates paid on cash sweep accounts, some legal experts believe that RIAs could also be targeted for legal action if they allow clients' uninvested cash to sit in a cash sweep account rather than investing it or moving it to a higher-yielding (..)

Financial Planner 245

Financial Planner Fiduciary Duty CFP Accounting 245

Abnormal Returns

JULY 3, 2023

kitces.com) How the NAPFA, CFP and FPA define 'no fee' is increasingly controversial. (investmentnews.com) Advisers Who do investors trust with financial advice? Thankfully advisers lead the list. riaintel.com) Why you should flip your plan presentation meetings on their head. thinkadvisor.com) Five ways to listen better.

Estate Planning 240

Estate Planning Recruitment Wealth Management Startup 240

Abnormal Returns

SEPTEMBER 18, 2023

investmentnews.com) Part one of a series on how to pass the CFP exam. (riaintel.com) How to think about the math of entering a continuing care retirement community or CCRC. financial-planning.com) A profile of Dan Otter, founder of education and advocacy site 403bwise. alphaarchitect.com)

Planning 265

Planning Financial Advice Wealth Management Math 265

Nerd's Eye View

JULY 12, 2022

Kamila is the CEO and Founder of Collective Wealth Partners, an independent RIA based in Atlanta, Georgia, that oversees nearly $25 million in assets under management for almost 175 client households.

Financial Advisor 246

Financial Advisor CFP Clients Financial Planning 246

Nerd's Eye View

DECEMBER 12, 2022

Combined with the continued availability of CE credit for CFP certification, CPA and EA licenses, and various Investment & Wealth Institute (IWI) and American College designations, Kitces Premier Members have a wide variety of opportunities to fulfill their CE requirements.

Education 246

Education CFP Certification License 246

Nerd's Eye View

JULY 19, 2023

CFP certificants and CFA charterholders) have CE requirements to retain their credentials, IARs without such credentials haven’t traditionally had any ongoing CE requirements. While holders of certain credentials (e.g.,

Education 49

Education Investments Investing CFP 49

Abnormal Returns

JANUARY 30, 2023

riabiz.com) Why the CFP is splitting into two organizations. (riabiz.com) An infusion of new capital will allow Elements to move upmarket. citywire.com) Why Zoe Financial launched its own RIA, Zoe Wealth Platform. thinkadvisor.com) Practice management How Thomas Kopelman used content marketing thoughtfully to build an advisory practice.

Management 241

Management Nonprofit Financial Planning Communication 241