Cangrade, Advisors Ahead Join Forces On Pre-Hire Screening Software

By Danielle Andrus
Source: ThinkAdvisor

 

Cangrade announced last week a partnership with Advisors Ahead to launch Cangrade Insights, a new entity for the firm that will offer an employee placement product, Cangrade NextGen Insights, specifically for Advisors Ahead. The new product will help employers evaluate potential candidates’ potential.

 

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Financial Adviser Rises In List Of Top Jobs

By Liz Skinner
Source: InvestmentNews

 

A ranking of America’s top jobs found that financial advice increasingly is a terrific profession, moving up 16 spots on the U.S. News and World Report list from last year. “Financial adviser” ranked No. 25 of the 100 Best Jobs of 2015, according to an annual list released by the publication Tuesday. The profession landed at No. 41 last year, No. 32 in 2013 and No. 23 in 2012, which was the first year the list was published.

 

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CFP Board Launches Online Career Hub To Combat Talent Shortage

By Maddy Perkins
Source: Financial Planning

 

The demand for financial planning is increasing and with many planners heading toward retirement, the industry needs to find new ways attract and retain new talent. For its part, the CFP Board has launched an online career center intended to serve as a hub for those interested in careers as financial advisors. The center will contain information on joining the industry, the CFP certification and various job and internship opportunities.

 

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Financial Adviser Moves Set To Pick Up In 2015

By Matt Sirinides
Source: InvestmentNews

 

If the past is any indicator, adviser moves are likely to pick up steam in the first quarter, according to an analysis of InvestmentNews’ Advisers on the Move database, which tracks teams of advisers and brokers changing firms.

 

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CFP Board Softens Experience Requirements For New CFP Certificants & Reduces Capstone Requirement For Challenge Status

Posted by Michael Kitces
Source: Nerd’s Eye View blog

 

With the CFP Board’s ongoing efforts to continue growth in the number of CFP certificants, the organization has been involved in a number of ongoing initiatives, from its Women’s Initiative to bring more females into financial planning, to its decision to convert to a shorter computer-based testing format to make the CFP comprehensive exam less daunting. In a surprise announcement, though, the CFP Board has just declared that after adding a “Capstone Course” requirement to the CFP curriculum in 2012, and including the requirement for not only new students but also those who are seeking to challenge status for the CFP exam, the organization is now offering to waive the capstone course requirement for challengers who instead simply submit a comprehensive financial plan to be assessed by peer reviewers. In addition, the CFP Board also announced that a wider range of “support” activities will be permitted to count towards the requisite 3-year experience requirement to earn the CFP marks.

 

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How Young Advisors Can Attract An Older Clientele

By Denise P. Federer
Source: Financial Planning

 

In recent years, financial firms have been encouraging senior advisors to incorporate younger individuals into multigenerational teams in an effort to capture an enormous wealth transfer that is expected over the next decade. But after youthful advisors have been hired, they face a considerable challenge in being seen as respected resources for older clients. All too frequently, potential clients may be reluctant to entrust their money to someone with limited experience.

 

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XY Planning Makes RIA Compliance Package Free For Members

By Emily Zulz
Source: ThinkAdvisor

 

Scared of the compliance costs and challenges in starting a firm? Fear no more, XY Planning Network says. The organization, which focuses on serving Generation X and Y advisors, has launched a new compliance solution to help young advisors looking to establish RIAs. XYPN’s new and existing memberships will now include a new-RIA-registration package for advisors launching an RIA (including completing Form ADV, state registrations and more), and ongoing compliance support and tools for existing state-registered RIAs.

 

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Job Hoppers

By Anne Field
Source: WealthManagement.com

 

David Ortiz eats six meals a day—and it’s been very good for business. Ortiz trained at the Culinary Institute of America and was a professional chef for a time. He now heads an advisory firm called The Financial Chef, which he operates out of a restaurant he owns in Coral Gables, Fla. He meets clients there over meals he cooks himself; a typical day includes breakfast, a late breakfast, two lunches, a late afternoon sushi snack and a dinner.

 

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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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