Advising the Financial Advisor

Newton, Catherine
February 2002
Journal of Financial Planning;Feb2002, Vol. 15 Issue 2, p56
Academic Journal
This article focuses on financial planners and what their advisory boards have done for them. Also what they would recommend to other planners who may be thinking of doing the same thing. Marcee Yager, CFP, managing Partner, Sterling Wood Financial LLC in San Jose, California, said that her involvement with the advisory board composed of the business decision-makers, has completely shaped her career path. They gave her the confidence and resources to move ahead, deal with the partnership and to handle aspects of business that she had never dealt with before. The client advisory board, on the other hand, was established because the firm was looking for in-depth feedback on specific services or ideas. Daniel H. Boyce, CFP, senior partner and principal, of Southfield, Michigan-based Center for Financial Planning Inc., said that he used his advisory board for business planning. The advisory board has served as an outside, objective resource to help him and his partners, to progress in forming a true firm, rather than operating in their own individual spheres.


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