TITLE

Bearing Up Under the Bear

AUTHOR(S)
Lee, Shelley A.
PUB. DATE
January 2003
SOURCE
Journal of Financial Planning;Jan2003, Vol. 16 Issue 1, p48
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article reveals the working conditions of financial planners in the United States as of January 2005, three years into the stock market downturn. Judy Shine, chief financial planner (CFP) of Shine Investments in Denver, Colorado stated that she was exhausted, fried and frustrated. She felt that the incident had a very bad impact on the client and on financial planners. Like many other colleagues, she was stunned by both the length and magnitude of the downturn. Most planners agree that the biggest lesson their clients have learned during the bear market is that their tolerance for risk is not what they though it was. Nobody is talking about the risk, according to Ellen Rogin, certified public accountant, CFO, owner of Strategic Financial Designs. In fact more investors probably figured their biggest risk in the last decade was not getting rich. Many planners adjusted client portfolios to lighten up on equities. David Bergmann of Wealth Advisory Group shifted to adding growth and income, equity income, even pure income, funds. Bergmann gained a dozen young families as new clients in 2002 and says that they are more concerned with the foundations than worrying too much about the market.
ACCESSION #
8841348

 

Related Articles

  • Reader Spotcheck.  // Journal of Financial Planning;Jan2003, Vol. 16 Issue 1, p29 

    This article presents the results of a survey of financial planners in the United States, as of November 25, 2002. The survey reveals that 17.4 percent of financial planners spend 1-2 hours prospecting for clients. And few financial planners makes use of separately managed accounts with clients....

  • 40,000 CFP Professionals in the United States...  // Journal of Financial Planning;Jan2003, Vol. 16 Issue 1, p25 

    This article reveals that the number of U.S. certified financial planner (CFP) certificants officially reached 40,335 at the end of September 2002, according to the Certified Financial Planner Board of Standards Inc. A Merrill Lynch financial advisor, Teresa Lee, became the 40,00th U.S. CFP...

  • The game changer. Tucker, Jye // Money Management;1/26/2012, Vol. 26 Issue 2, p17 

    The author discusses the significance of scaled device in helping financial planners show clients what kind of lifestyle they can expect in retirement in Australia. The author cites that scaled device and its accompanying technology have made super advice free and personal and allowed better...

  • Corporate advisers should be FSA-regulated - Pensions Institute.  // Corporate Adviser (Online Edition);10/11/2012, p2 

    The article offers information on a new report from the Pensions Institute of Great Britain which states that Corporate pension advisers should be regulated in the same way as individual independent financial advisors (IFAs). The regulation is also critical of consultant-providers who are...

  • Questions for selecting an asset consultant/fiduciary manager/multi-manager.  // Finweek;7/24/2014, p59 

    A list of the questions to ask when choosing an asset consultant/fiduciary manager/multi-manager such as what is needed to be in place to be confident about investing in the more frontier parts of the continent, how does a team ensure a consistent level of high-quality and proprietary deal flow...

  • No Takers. Reinhart, Len // Financial Planning;Oct2007, Vol. 37 Issue 10, p49 

    The article reports on the decreasing number of financial planners in the U.S. According to a report released by Cerulli, there are only 246,000 planners in 2007 compared to 256,000 in 2005. The author states that if today's planners retire, there will be a shortage of financial advisors. The...

  • Missing Color. Aschkenasy, Janet // Financial Planning;Jun2003, Vol. 33 Issue 6, p53 

    Deals with the rarity of minority certified financial planners in the U.S. amid growth of wealth among minority groups as of June 2003. Outlook of Afro-Americans on investing in the stock market; Discussion on the indifference of some minorities toward investing and financial advice; Ways in...

  • Living the fractured fairytale. Ashenden, Bryan // Money Management;9/6/2012, Vol. 26 Issue 34, p22 

    The article assesses the impact of the Future of Financial Advisers (FOFA) law passed by the Australian Parliament in June 2012. According to the author, financial advisers should consider the importance of compliance to FOFA to ensure that their business continues even before its effectivity on...

  • Keep on learning. Womack, Stephen // Money Marketing;10/31/2013, p37 

    The author claims that being a part of the judging panel for the Personal Finance Society's chartered financial planner awards offered him a valuable insight into how some of the elite in the profession operate.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics