TITLE

A Reason for Planners

PUB. DATE
August 1997
SOURCE
Journal of Financial Planning;Aug1997, Vol. 10 Issue 4, p15
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article presents a cautionary tale for critics of financial planners who think people can do all their own finances. A thousand people poured 50 million U.S. dollars into an investment promising 25-percent returns based on viatical plans. Federal investigators say it is a scam. A 73-year-old retired farmer was about to plunk down 350,000 U.S. dollars into the deal when he was talked out of it by his financial planner. The financial planner told the farmer that the promised 25-percent return was absolutely ridiculous and that a man at his age should be looking at far more conservative investments. That is why people need planners.
ACCESSION #
9708310875

 

Related Articles

  • Bearing Up Under the Bear. Lee, Shelley A. // Journal of Financial Planning;Jan2003, Vol. 16 Issue 1, p48 

    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...

  • 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...

  • 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....

  • Paranoia planner. Cicutti, Nic // Money Marketing;4/20/2006, p32 

    The article comments on the paranoia that appears to dominate so many independent financial advisers' (FSA) view of the world in Great Britain. It offers information about the reaction of several financial advisers concerning the author's view. The author also discusses the role of FSA in...

  • Caveat Adviser. Clark, Bob // Financial Planning;Nov2004, Vol. 34 Issue 11, p35 

    Discusses the challenges faced by financial planners in the U.S. as of November 2004. Role of asset allocation service providers in financial planning; Factors that reflect the integrity of a financial advisor; Ways to evaluate a client's portfolio of investments.

  • Development focus: The post-RDR drive to increase professionalism. Watt, Gregor // Money Marketing (Online Edition);3/20/2014, p48 

    The author comments on financial planners seeking to increase their level of qualifications that can help demonstrate their value to clients in Great Britain. He says that experts' opinion on the impact of the overhaul of financial advice regulation remains split. Lower earners are facing...

  • 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...

  • FAISing in investment advice.  // Finance Week;6/9/2003, p52 

    Examines the quality of investment advice that financial planners are expected to give their clients according to the Financial Advisory & Intermediary Services (FAIS) Act of South Africa. Consideration of the legal risk of the advice given; Skills that financial planners must have; Distinction...

  • Dating Our Clients. Levin, Ross // Journal of Financial Planning;Aug2008, Vol. 21 Issue 8, p30 

    The author reflects on the relationship which financial planners have with their clients. Comparisons are made in the article between the relationship which financial planners have with their clients to the relationship of a dating couple. Advice which the author has regarding the financial...

  • TIMETABLE FOR DEPOLARISATION.  // Money Marketing;12/2/2004, p2 

    Presents the timetable for depolarization related to independent financial advisers in Great Britain.

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