What Does the Future Hold For the Financial Planning Profession?
- Blazing an Independent Trail. Benz, Christine // Morningstar Practical Finance;Feb2010, Vol. 6 Issue 2, p6
An interview with Sheryl Garrett, founder of Garrett Planning Network, is presented. She says that fees charged to clients were based on their assets and earned income. She indicates that members coming into their group have up to five years to obtain their Certified Financial Planner (CFP)...
- Sheryl Garrett on Why 400,000 Planners Are Needed…and Where They'll Come From. Lee, Shelley A. // Journal of Financial Planning;Mar2008, Vol. 21 Issue 3, p16
This article presents an interview with financial planner Sheryl Garrett, the founder and president of Garrett Planning Network. Garrett discusses her focus on hourly financial planning for the mass market, middle-income population in the United States, her un-satisfaction with the state of...
- Fees loom as the big issue. Stewart, Tim // Money Management;11/22/2012, Vol. 26 Issue 45, p1
The article offers information on the Financial Advice Satisfaction Index of the International Centre for Financial Services (ICFS) which measures the levels of satisfaction of financial planners' clients on financial advice. It reveals that satisfaction with the quality of advice increases from...
- HMRC shifts adviser-charging stance in new draft guidance. Selby, Tom // Money Marketing (Online Edition);5/31/2012, p23
The article informs that Great Britain's Her Majesty's Revenue and Customs (HMRC) has removed the implementation costs as an unauthorized payment charges under retail distribution review (RDR) adviser-charging rules. It is mentioned that implementation fees can be included in the overall cost of...
- PENSIONS. Lawson, John // Money Marketing;5/19/2005, p26
Discusses the potential impact of the lifetime allowance charge on pension benefits in Great Britain. Taxation of pension fund or accrued pension benefit; Need for protection from lifetime allowance charge; Need for financial advisers to understand the transitional protection rules.
- Choose a financial advisor who puts your interests first. Clifford, William R. // Massachusetts Nurse Advocate;Nov/Dec2007, Vol. 78 Issue 10, p29
The article provides information on the criteria for ideal financial planners. They should be trusted by their clients and should possess the designations of Certified Financial Planner (CFP) or Chartered Financial Consultant (ChFC), titles that indicate the knowledge needed to develop a...
- Playing devil's advocate -- the case against upfront fees. Ellison, John // Money Management;10/7/2004, Vol. 18 Issue 37, p24
Reports that the valuation of a financial planning business depends on the income generated from fees charged to clients in Australia. Maintenance of the goodwill value of the practice; Benefit of the client from a recurring fee structure; Analysis of methods to obtain an effective tax treatment.
- The Business of Advice. Shelton, David // Money Marketing (Online Edition);5/24/2012, p31
The author discusses the fees related to fees related to annual investment performance and charging of the business advisers. He states that is not to rehearse these well-known arguments in detail but to consider their implications for adviser charging. He mentions that client banks may include...
- Increasing Your Income. Morrow, Edwin P. // Journal of Financial Planning;Sep2001, Vol. 14 Issue 9, p54
Discusses ways to increase income of financial planners. Insurance marketing strategy; Actions taken by planners to increase clients; Reasons behind the need to increase service fees.