Viewpoint: Financial Plans Are Not Comprehensive; Financial Planners Are Not Fiduciaries

September 2006
Journal of Financial Planning;Sep2006, Vol. 19 Issue 9, p18
Academic Journal
This article offers the author's opinion on what defines those who work in the financial planning industry. The debate on what financial planners should be called is irritating to the author as he states that the definition will reveal itself in the work that the planner does with the client. He also calls into question some of the more specific titles being debated and the name of the kind of work that they do; if someone offers a "comprehensive" financial plan, how can one be sure it really is comprehensive. As the author has a J.D., he is sure that he can offer a more "comprehensive" plan than others, but he is just as happy with the financial planner title.


Related Articles

  • Listen to some advice from Uncle Nick. Bruining, Nick // Money Management;8/11/2005, Vol. 19 Issue 29, p15 

    Presents advice from the author to the business development managers related to financial planning. Comments on new term allocated pension; Claim that working for a one star manager does not make a bit of difference; Suggestion on how to take photographs of persons in the financial services...

  • Seven Deadly Sins of Consulting. MacKillop, Scott // Journal of Financial Planning;Sep2000, Vol. 13 Issue 9, p168 

    This article presents guidelines for evaluating consultancy services provided by financial planners. The way investment services are delivered in this country has undergone profound change in the last decade. One of the most significant changes has been the shift from the product-oriented sales...

  • Missing the selling point. Cicutti, Nic // Money Marketing;7/21/2011, p38 

    In this article the author reflects on the importance for independent financial advisers (IFAs) to properly treat their customers in Great Britain. He cites the need for IFAs to improve their ability in selling products to build relationships with customers and experience success in their field....

  • Advisers dodge blame over negative perception. Tyson-Chan, Darin // Money Management;6/15/2006, Vol. 20 Issue 21, p3 

    The article discusses a survey of more than 100 investment advisors that reveals that most financial planners feel a rogue element among their ranks or media beat-ups are responsible for the negative perception linked with the financial advice industry in Australia. The survey reveals that 29%...

  • Research finds adviser labour pool drying up. Taylor, Mike // Money Management;5/17/2007, Vol. 21 Issue 17, p1 

    The article reports on the result of the study concerning the growth of demand involving financial advisers in Australia. The study reveals that financial advisers comprises in the top 10 percent of employment demand where the job is common among males aged between 25 and 45. However, it was...

  • PROFESSIONAL INDEMNITY EDGE: ANTHONY HOWE. Howe, Anthony // Money Marketing;1/20/2005, p38 

    Argues that independent financial advisors in Great Britain should welcome the abolition of professional indemnity (PI) waivers. Indication that some firms were paying no premiums while their clients were unwittingly put at a disadvantage; Suggestion that the priority now is getting on the...

  • IFAs must take blame for trail troubles.  // Money Marketing;12/15/2011, p22 

    The article presents the author's views on independent financial advisers (IFA) in Great Britain. He comments on the long-term relationship between IFA and client, consisting of at least once-yearly financial reviews. HE remarks that IFA has the potential to earn increasingly vast amounts of...

  • RDR offers chance to rebuild trust.  // Money Marketing;12/15/2011, p26 

    The article presents information related to retail distribution review (RDR) in Great Britain. It is stated that the RDR is a process of compliance but many will sign up to a code of ethics without reading it. It is mentioned that product selection from the forefront of the conversation to the...

  • Switch hunt.  // Money Marketing;2/23/2012, p83 

    The article focuses on the 2011 survey of platform users that found 25% of 345 platform users have switched since 2010 to their preferred platforms. Reasons for changing platforms cited by advisers, it says, include cost, poor service and doubts on the ability to be ready for Retail Distribution...


Read the Article


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

Try another library?
Sign out of this library

Other Topics