CFP in the News

CFP® Certificants in the News “If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”…

CFP® Certificants in the News The CFP Board has announced a generous donation of $150,000 from Schwab Advisor Services, in collaboration with the Charles Schwab Foundation, to support the Women’s Initiative (WIN) Endowed Scholarship. This contribution raises the total scholarship fund to $500,000, reaching the required amount for the scholarship to begin awarding financial support.…

CFP® Certificants in the News CFP Board’s most recent newsletter advises that the “Federal Reserve announced a significant 50 basis point rate cut, surprising many who anticipated a smaller 25 basis point reduction.” CFP Board Ambassador Kurt Whitesell, CFP® highlighted the opportunity for investors to lock in high rates on CDs before further interest rate drops.” …

CFP® Certificants in the News CFP Board tackles this article’s titular question with its recent article ominously titled “Yes, AI IS Going To Take Your Job.” That provocative title may be a bit dramatic but it is a wakeup call for financial advisors and planners.  We’re at a crossroads but not a dead end—CFP Board…

CFP® Certificants in the News The authority to display the CFP® mark is a privilege, not an absolute right.  Recent CFP Board disciplinary actions underscore that point emphatically. We’ll summarize three such actions in this article, beginning with Public Censure. STRATEGIES FOR MANAGING CONCENTRATED WEALTH Clients who have their wealth concentrated in a single asset have unique…

CFP® Certificants in the News Let’s face it, millennials get a bad rap at times in the popular press over their financial discipline.  But couldn’t most of us do better at this discipline?  Is everything we read on the internet true and unbiased?  After reading this article, we encourage you to consider that, just like…

CFP® Certificants in the News There’s an old pilot’s joke about the increasing automation of the cockpit that goes something like this: The ideal flight crew is one pilot and a dog. The pilot’s role is to feed the dog. The dog’s role is to bite the pilot if they try to touch any of…

CFP® Certificants in the News CFP Board publishes disciplinary actions that include public censure, suspension, and even permanent revocation of the right to use the CFP® mark. We’ll identify two recent disciplinary actions taken by CFP Board and then make observations. Public Censure Paul, a CFP® certificant from New York, “entered into a Letter of…

CFP® Certificants in the News The CFP Board’s recent news release opined that “The Department of Labor’s new retirement security rule standard expanding fiduciary duties will likely face legal opposition. Advocates for the rule, including CFP Board, plan to submit amicus briefs in support of the DOL in any lawsuits.” The news release cites an…

CFP® Certificants in the News How will geopolitical conflicts, elevated inflation, staggering Federal deficits, and high interest rates impact client expectations for 2024?  Counterintuitively, a March 19, 2024 CFP Board news release announced an “overwhelmingly positive” client outlook for 2024. Referring to the pie chart below, over 9 of every 10 clients of CFP® practitioners…