TITLE

Lessons from the Mules

AUTHOR(S)
Thompson, Duane R.
PUB. DATE
March 2003
SOURCE
Journal of Financial Planning;Mar2003, Vol. 16 Issue 3, p35
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article addresses several issues pertaining to the financial planning industry in the U.S. as of March 2003. Reviewing an unlikely example--the transportation industry--is a classic textbook case of an industry limiting its vision of transportation to functional modes of serving the public. Turning back to financial planning, it has taken decades for other related industries to adopt, perhaps imperfectly at this point, a new process for delivering integrated financial services. Perhaps the unique requirements of personal financial planning will one day turn today's megamarkets into financial dinosaurs. But planners' own professionalism, their lack of major capital and a highly fragmented industry may stymie the profession's dynamic expansion, just as health maintenance organizations are increasingly providing the second opinions to the recommendations of the family doctor. Regulation has had a significant impact on the financial planning profession, even if the impact comes from not regulating financial planners as a profession and allowing the marketplace to decide.
ACCESSION #
9328118

 

Related Articles

  • A super game plan for the new financial year. Kingdon, Darren // Money Management;6/24/2004, Vol. 18 Issue 22, p28 

    Discusses proposed legislation on superannuation in Australia. Co-contribution measures; Assessable income and reportable fringe benefits; Tax-deductible contributions; Split contributions.

  • The Major Event Affecting Planners? You Choose. Thompson, Duane R. // Journal of Financial Planning;Mar2003, Vol. 16 Issue 3, p32 

    This article discusses the events that occurred from 1997 to 2002 which made an impact on the financial planning profession in the U.S. While fortunately not in the headlines like others in the financial services industry, one might think planners would have a plethora of issues from which to...

  • Action, Please. Goldberg, Mark // Financial Planning;Aug2005, Vol. 35 Issue 8, p66 

    Focuses on the need for the independent financial advisers to participate in the creation of financial planning regulation. Impact of the media's publication of corporate intrigues on the industry; Example of corporate intrigues related to the financial planning industry in the U.S.; Factors...

  • Your Voice. Olson, Harry A.; Kahan, Scott M.; Ungar, Alan B.; Coombs, Ben; Aumack, Shirley J. // Journal of Financial Planning;Sep2002, Vol. 15 Issue 9, p24 

    This section relates the views of financial planners in the U.S. regarding the issue on the regulation of financial planners as of September 2002. According to Shirley J. Aumack, she doesn't believe it is possible to use words to define any profession. Second, the most important aspect of any...

  • REGISTERED INVESTMENT ADVISER COMPLIANCE UPDATE. Kelvin, Jeffrey B. // Journal of Financial Service Professionals;Jul2003, Vol. 57 Issue 4, p32 

    The author of this article aims to explain administrative releases and legislative changes that may have an impact on the compliance practices of financial management professionals in the U.S., as of July 2003. The Securities and Exchange Commission finalized its administrative release dealing...

  • PENSION EDGE: MIKE BROWN. Brown, Mike // Money Marketing;1/13/2005, p34 

    Provides recommendation on how to select the right section 32 policy that will provide the solution for many clients who are members of occupational pension schemes in Great Britain. Need for clients to protect their accrued tax-free cash entitlement with the implementation of the Finance Act;...

  • Sharing and Caring….  // Money Today;May2011, p10 

    The article reports on a complaint filed by some independent financial advisors (IFA) against a financial planning company's alleged offer of rebating of commission to its clients. The complaint states that the offer is a violation of Association of Mutual Funds in India (AMFI) guidelines. The...

  • Dodd Bill Would Bring Munis to Forefront. Ackerman, Andrew // Bond Buyer;3/16/2010, Vol. 371 Issue 33282, p1 

    The article focuses on the impact of Senator Christopher Dodd's financial regulatory reform bill on the municipal securities office of the U.S. Securities and Exchange Commission (SEC). It notes that the bill requires the head of the office to report directly to the chairman. Dodd points out...

  • Internet Impact. Veres, Bob // Journal of Financial Planning;Sep2002, Vol. 15 Issue 9, p34 

    This article discusses the impact of the Internet on the financial planning profession in the U.S. as of September 2002. There are several changes brought about by the three major communications innovations of the past five centuries. The first, which has been studied in depth by historians, is...

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