First, an organizational chart that includes all FDEs that "roll up" into a single CFC or CFP
should satisfy the reporting requirement for all such entities.
certification has become the must-have designation for those providing financial advice," said Kevin Keller, CFP
Board CEO, in a Monday statement.
who do have "practices" don't work in "teams," they work in independent firms.
Any new neighbourhood that is projected to house at least 2,000 permanent residents must adhere to the CFPS
. For existing communities, the need for neighbourhood facilities will be determined on a case-by-case basis, and these must be integrated when the locality is upgraded or refurbished, Al Hammadi said.
take a "big picture" approach that includes tax management, cash flow, adequacy of insurance, estate planing, fringe-benefit planning and investment advice.
Other organizations have referral services of financial planners but do not require a CFP
There's significant question as to whether CFPs
can possibly know, from the 29 words in the "Manage Conflicts" provision in the proposed CFP
Board standards, what to do.
So currently, 49% of CFPs
are aged 50 and older, which tracks with Cerulli Associates' data from its Advisor Metrics 2013 study in which it cited the average age of what it calls financial advisors to be 50.9, with 43% over the age of 55.
The viewpoint speaks of the fact that only CFPs
are held to a fiduciary standard, and therefore no other individual be it a CPA or any other planner needs to maintain a fiduciary standard because they are not required to do so.
The report reveals some positive developments: Over the past year, more employees are inquiring about retirement planning issues with the company's on-staff CFPs
. Specifically, they want to know how much they need to save and where to put their money.
Data was obtained from the following calls for proposals (CFPs
) issued by ESCS/FEPECS and published in the DODF: CFP