CFP Board Wants More Female Financial Planning Professionals

Souce: FA News

 

In an effort to increase the number of women entering the financial profession, the Certified Financial Planner Board of Standards has announced the formation of the Women’s Initiative (WIN) Council.

 

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Meet Your Robo Advisor

By Jerry Gleeson
Source: WealthManagement.com

 

Amin Dabit is not a robot. He is a financial advisor who began his advisory career in a very conventional way. He was an intern at UBS, earned his CFP, and signed up with Merrill Lynch in 2008. He helped clients with financial plans and set up events to generate new referrals. He owned a minimal percentage of the practice’s $180 million book, he says, but was exceeding his production numbers and “doing very well.” So it’s all the more surprising that Dabit walked away from this enviable career at one of the top brokerages to join Silicon Valley startup Personal Capital/

 

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Heavy Lifting: How To Move A Billion-Dollar Book Of Business

By Andrew Welsch
Source: Financial Planning

 

You’ve read the headline before: Billion-Dollar Team Moves to New Firm. But how much work goes into moving a giant-sized book of business? Industry insiders say making the move isn’t easy, and that it can take months, maybe years of research and effort before a team formally switches firms. And even after that, there’s still a lot of work to do in bringing over client assets.

 

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Krawcheck: Wirehouses Undaunted By RIA Growth

By Mason Braswell
Source: InvestmentNews

 

Sallie Krawcheck, former head of the brokerage units at Citigroup Inc. and Bank of America Merrill Lynch, stepped into the lion’s den on Wednesday to downplay the impact on wirehouses of the so-called breakaway broker movement. Speaking at the MarketCounsel Summit for independent advisers, Ms. Krawcheck said while press reports make it look like advisers are “running from the wirehouses,” the actual numbers are much lower.

 

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Financial Planning Meets Therapy In New Grad Offering

By Savita Iyer-Ahrestani
Source: ThinkAdvisor

 

Most of the degree programs in financial planning are typically offered through university business schools, but at Kansas State University in Manhattan, Kansas, the Institute of Personal Financial Planning, where students can study financial planning both at the undergraduate and graduate level, is part of the College of Human Ecology.

 

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Staying Put

By Megan Leonhardt
Source: WealthManagement.com

 

Buoyed by a powerful five-year bull market, advisors say they’re reluctant to venture out and chart their own course as RIAs. Over 85 percent of national brokerage advisors say they haven’t considered going independent in the last year, according to REP.’s annual Broker Report Card. Moreover, 81 percent of advisors at traditional wirehouses say they’re very likely to still be working at their current firm a year from now. Only 5 percent say there’s a good chance they won’t be there.

 

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4 Tips For Earning Credibility As A Young Professional

By Laurie Belew
Source: ThinkAdvisor

 

My career in financial planning began almost a decade ago. I was eager to earn credibility in the profession and a bit nervous about how to do so, especially as a young advisor working with colleagues and clients one or two generations my senior.

 

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Advisers Leave Assets Behind When Switching Firms

By Mason Braswell
Source: InvestmentNews

 

Hiring firms are often eager to announce the assets under management of a new hire, but how much of that money actually transfers over? In many cases, advisers and brokers are finding that about 20% of assets are left behind in an average move between firms. Proprietary investments, banking and lending products and some illiquid alternatives can keep clients tied to the former firm longer, industry observers said. In addition, advisers take the opportunity to shed some of their smaller or less welcome clients, and some clients may prove harder to sell on a move than expected.

 

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10 Job Skills Employers Want From College Grads

By Gil Weinreich, Research Magazine
Source: ThinkAdvisor

 

You don’t need a degree in petroleum engineering to get a good job. Even political science will do. What a majority of employers are looking for is not so much a specific major but rather a set of skills that are sorely lacking in the job market. That is the conclusion of a research paper by three City University of New York (CUNY) professors in the fields of finance, business management and statistics.

 

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Considering A Move? Conduct A Gap Analysis First

By Mindy Diamond
Source: Wealth Management

 

Changing firms or starting an independent wealth management practice is not easy and is something that must only be done after much introspection and investigation. But an in-depth gap analysis can be useful in this process. A gap analysis can help advisors determine if they are in the right place, if they should move, and if so, where they should consider moving to.

 

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