Industry
Series Of Four Reports Ques Advisors On How To Adapt Businesses And Interact With The Futurewealthy; Second In Series Reveals Communication Age
Along with the new generation is coming a new wave of wealth and their main form of communication is digital.
This is the conclusion of the second in a series of four reports on the so-called Futurewealthy.
CFP Board Responds To Questions About NAPFA's Decision To Require CFP For Membership, But Continues To Ignore Questions About Its Consumer Disclosures For CFPs Affiliated With A BD And Acting As Fiduciary
Certified Financial Planner Board of Standards Inc. earlier this week responded to questions posed about NAPFA's decision last month to only allow CFP designees to become members.
On December 4, the National Association of Personal Financial Advisors (NAPFA), in a press release, said it would only accept CFP designees as members, asserting it was in the best interest of consumers. However, the move could be seen by other professional designations, such as CFAs, CPA/PFSs, CIMAs, and CPWAs, as a slap in the face. It could also be anti-competitive and not in the best interest of consumers
Two RIAs Merge, Creating New Firm With Over $4.3 Billion In Assets Under Management
Consolidation in the RIA industry took another significant step forward with the merger of Argent Financial Group Inc. and Highland Capital Management LLC.
The combined firms manage assets of over $4.3 billion. Highland manages equity and fixed income portfolios for individuals, institutions, and businesses.
For CFPs To Be Regarded And Regulated As Professionals, Financial Planning Coalition Must Build Bridges, Not Walls; CFP Alignment With CFAs, CPAs, CPWAs Is In Consumers’ Best Interest
It is provincial, unrealistic and not in the best of interest of consumers to view the CFP designation as superior to all other professional designations, and NAPFA’s full-embrace of the CFP last week was counterproductive.
Sorry, my friends, but if you want to help advance the profession, then do you really expect people to believe CFPs are superior to CFAs, CPA/PFSs or CIMAs, or CPWAs. The curriculum of all these designations equip a professional with skills to manage wealth in a professional manner.
Raising Taxes On The Wealthy Is Increasingly The Sticking Point In Fiscal Cliff Negotiations
The push to raise taxes on the wealthy is becoming even more of a sticking point in the negotiations around the fiscal cliff issue.
Democrats are refusing to consider another patch for the alternative minimum tax (AMT) to keep it from affecting 28 million more people or any type of cut in Medicare reimbursements unless the Republicans agree to raise taxes on the top 2% of wage earners.
More Articles ...
- LPL Financial Names New Chief Information Officer
- NAPFA, In Saying Only CFPs Can Become Members, Snubbed The AICPA, Exposing Fractures In The Movement To Professionalize
- Small Firms Will Still Be Viable Even As Larger Independents Continue To Consolidate
- NAPFA Makes The CFP Designation A Requirement For Membership; Does That Decision Match Up With NAPFA's Mantra To Uphold The Fiduciary Standard?
