College-Savings Plans Don't Need to Blow Up Jun 16, 2009
Or buy at a high cost from stockbrokers and financial planners ... Every one of the pricey plans sold by brokers and financial planners showed losses of more than 10 percent for this age group in 2008. (Bloomberg -- Columnists)
Be careful not to overreact to weakness in insurance industry Jun 5, 2009
In fact, the National Association of Insurance Commissioners, an organization of state government insurance regulators, has issued an alert to consumers to beware of insurance agents or financial planners suggesting that people liquidate an annuity or life insurance policy and buy another ... Although people within the limits can relax, financial planners say choices are more difficult for clients that exceed the maximums ... Financial planners say to stick with top-rated companies by checking... (FOX61, CT)
Thrift is back in vogue Jun 4, 2009
And financial planners say they are spending a lot of time counselling clients through the crisis ... "' He says most of his clients are cutting their spending. Louise Biti, a director of Sydney consultancy Strategy Steps, says people are starting to worry more. She provides advice to financial planners and the feedback is their clients are finding things more difficult. "For the first year they were pretty calm and didn't make a lot of changes to their portfolio," she says. "The attitude was:... (Sydney Morning Herald -- Business)
Accumulate wealth through daily SIPs Jun 2, 2009
Financial planners say the daily SIP scores over the monthly one as it provides larger benefits of rupee cost averaging. In case of a monthly SIP, you still can lose out if the markets are up on the chosen day of the month. (India Times)
Funds that bet against bull get gored Jun 1, 2009
Direxion markets itself to financial planners, investment advisers and other sophisticated investors. "These investors understand the risks associated with the use of leverage, and are dedicated to actively monitoring their positions in these funds on a daily basis," says Andy O'Rourke, Direxion's marketing director. (USA Today -- Money)
Complaints against Interactive Strategies May 30, 2009
companies run by a mother and son who contract to provide sales leads and make sales calls for insurance companies, mortgage brokers and financial planners, the BBB said Friday. Businesses nationwide complained that failed to make calls on their companies behalf even after they pay hundreds of dollars for the services, the St. Louis said Friday. (St. Louis Business Journal, MO)
Class-action suit targets Fresno-based investment scam May 28, 2009
The state Department of Corporations, which regulates securities brokers, investment advisers and financial planners, also is investigating because HL Leasing was not licensed by the agency. The suit accuses Otto and the other defendants of fraudulently concealing their activities and deliberately misleading investors, breaching their fiduciary duty to safeguard the investments and failing to deal in good faith. (Fresno Bee)
Wenham resident appointed second vice president, Essex County Estate Planning Council May 28, 2009
Members of ECEPC are attorneys, CPAs, life insurance professionals, trust officers, accredited financial planners and affiliated financial professionals who work in the areas of estate and business planning. For more information about Colucci-Norman LLP, visit www. (Hamilton Wenham Chronicle, MA)
GRAD WANTS TO START INVESTING SMART May 24, 2009
And financial planners will justify this by saying that your son has a lot of years to stay in the market, so even if prices go down his portfolio will eventually rebound. I think that's stupid in this environment. (New York Post -- Business)
Plan your investment based on risk tolerance May 23, 2009
As CTLA Financial Planners Sdn Bhd managing director Mike Lee explains, an individual with a proper investment plan will be able to cope better in different economic cycles whether in a recession or a boom compared with an individual who does not have one ... As for investors who want to minimise and recoup any potential losses from their investments, financial planners have always advocated a diversified holding of assets and the dollar-cost-averaging strategy. (The Star Online, Malaysia -- Business)
Once upon a time in the woods May 23, 2009
By the time the company collapsed a week ago, 47,000 investors had ploughed money into tax-effective managed investment scheme (MIS) products - derived from timber and horticultural plantations - 300 accountants and financial planners had signed on to sell the products, 240,000 hectares of trees had been planted, and hundreds of farmers had sold land to Great Southern. When Great Southern entered administration last Sunday, it was following the fate suffered just weeks before by its agribusiness... (Sydney Morning Herald -- Business)
Mt. Elliott Cemetery Association Hosts Lifetime Planning Day May 20, 2009
Free and open to the public, Reflections will be on display at Guardian Angel Cemetery on Tuesday, May 26, from 2 p.m. to 7 p.m. as part of the Lifetime Planning Event, featuring community service providers (including reverse mortgage specialists, health-care providers, financial planners, and elder law experts) who can provide solutions and answer questions to help citizens take care of themselves and their loved ones. Antique cars, hot dogs and ice cream, cemetery tours and demonstrations from... (Yahoo! Wire -- Entertainment News)
Munson: Unraveling of Vick » May 20, 2009
He and his family would have been set for generations, and now " Smith's voice trails off and he shakes his head slowly. As Vick reports this week to his new job as a laborer in a construction crew earning $10 per hour and tries to rebuild his life, Brooks, another quarterback from the same housing project in Newport News, will work with architects, designers, banks and local authorities to try to rebuild the neighborhood. Brooks and his developments seem destined for success. And Vick? That's... (ESPN -- Football News)
A rethinking of monetary policy May 20, 2009
The backlash matters because it represents the beginning of a break with policy making as it was practised during the era when many, if not most, people in the developed world, including Canadians, became investors - either through their retirement plans or with the help of a proliferation of financial planners. For that new and less sophisticated investing class, monetary policy making looked easy. (Globe and Mail -- Business)
Your say Have you been burnt? May 19, 2009
Financial planners were only ever interested in your MIS investment x 10 ... Why is it when you visit these financial planners they want you to change all your existing insurance products. (Sydney Morning Herald -- Business)
Baby boomers put dreams of comfort on backburner May 14, 2009
Financial planners are advising clients who can afford it to take advantage of the higher contribution limits before June 30. IPAC Securities' national manager for advice development, John Dani, said the self-employed and investors wanting to make up some of the losses suffered on their super fund's investments were particularly concerned. (Sydney Morning Herald -- Australia)
ASX could be among the budget winners May 14, 2009
Goldman Sachs JBWere found the changes to superannuation, such as the halving of salary sacrifice limits, had also been well flagged, with upcoming regulatory reviews on fee levels and the remuneration of financial planners likely to have a bigger impact on money managers such as AMP or Perpetual. Analysts said booze companies Lion Nathan and Foster's may want to raise. (Sydney Morning Herald -- Business)
Lawyer sued over Ponzi scheme May 13, 2009
The suit also names five financial planners and five businesses ... Prosecutors say Copeland solicited victims through seminars and financial planners ... The suit also names financial planners James Stephen Quay, Robert Patrick Stephens, John E. Redfeard III, Jeffrey Reed Nesseth and Ronnie L. Lundy Jr., who all allegedly helped Copeland solicit investors. (Atlanta Journal-Constitution)
Get ready for $58bn deficit and million jobless May 12, 2009
Fund managers and financial planners are bracing for ... Fund managers and financial planners are bracing for superannuation inflows to slow sharply as the Rudd Government tightens up on tax breaks for voluntary contributions. (Sydney Morning Herald -- Australia)
How to spot a lemon May 11, 2009
As youve probably seen by now, doing this exercise properly requires a level of expertise that most financial planners may not have ... Some financial planners deal with this by outsourcing this responsibility to an asset consultant, which provides them with access to a team of qualified professionals who focus on achieving your investment objectives. (iAfrica.com)
Cut to super limits is a bit rich May 9, 2009
" As phrases go, this is political gold. Whether it's aimed at John Howard's "battlers" or Kevin Rudd's "working families", it sends a clear message. This is about easing the pain on you and punishing well-to-do bludgers on the system. It can be used to justify unpopular or unfair measures, and those who complain are easily dismissed as the bleating rich. Facing a deficit the size of a failing African state, it's not surprising the Government is looking to target higher-income earners in next... (Sydney Morning Herald -- Business)
Special Needs Fair rescheduled for May 30 May 9, 2009
Exhibitors include various activities, sports, therapists, summer camps, lawyers, financial planners, medical and health care providers, and professionals that serve the special needs community. For information, logon to or call 972-355-7413 or 469-293-6343. (McKinney Courier-Gazette, TX)
Nasty surprises often come to light too late May 9, 2009
The inquiry, the work of the parliamentary joint Corporations and Financial Services Committee, was launched in February to examine financial products and services in Australia, with a focus on financial planners and the collapse of Storm. It is due to report in November. (Sydney Morning Herald -- Business)
When the truth is buried deliberately in the detail May 9, 2009
The inquiry, the work of the parliamentary joint corporations and financial services committee, was launched in February to examine financial products in Australia, with a focus on financial planners and the collapse of Storm ... Financial planners are paid in various ways - by fee for services, paid by their clients, or through commissions, paid by the providers of the products they sell to clients, or in a combination of both. (Sydney Morning Herald -- Business)
Is the dollar history? May 8, 2009
The problem of a unit of account other than gold vexed financial planners after the setting up of the Bretton Woods institutions in the late forties. If currencies were convertible to gold on demand then the world supply of currency would depend entirely on discoveries of new gold deposits. (India Times)
Rainy Day Fund May 7, 2009
Many financial planners suggest three to six months pay as a good guideline. The Mormon Church goes one step further and suggests that members of the Church keep one year of food stored for the whole family. (RealtyTimes)
Storage Appliance Corp. introduces Clickfree Traveler, world's smallest totally automatic PC backup device, and Clickfree Transformer, a simpler way to burn data to optical discs May 7, 2009
Our expanded product line and new form factors give consumers numerous options and price ranges for backing up their precious and irreplaceable data (Canada Newswire)
Making the Most of a Financial Wind... May 4, 2009
Nonetheless, in an April 2009 telephone interview with this reporter, Lowenberg noted that most financial planners think of wealth as just the balance sheet, just the facts. They don t talk about the things that are meaningful to people in their lives. (Suite101.com)
More seniors sign for reverse mortgages May 1, 2009
Reverse mortgages, whereby outright home owners borrow against the equity in their homes, were launched in Australia earlier this decade and are sold primarily through financial planners and brokers. Chief executive of the Senior Australians Equity Release Association of Lenders (SEQUAL) Kevin Conlon said the funding of reverse mortgages was becoming more challenging given financial market conditions. (Sydney Morning Herald -- Business)
Fidelity Investments Canada announces temporary fee reduction on Fidelity money market funds May 1, 2009
Fidelity funds are available through a number of advice-based distribution channels including financial planners, investment dealers, banks, and insurance companies. Fidelity is a proud supporter of the Boys and Girls Clubs of Canada and we are dedicated to helping young Canadians realize their full potential as productive, responsible and caring citizens. (Canada Newswire)
Recession's End Won't Make Investing Easier: Jane Bryant Quinn Apr 30, 2009
At the moment, financial planners report that their clients -- young and old -- are behaving more conservatively. Families are curbing spending, paying down debt, increasing their savings and investing cautiously. (Bloomberg -- Columnists)
Opinion: Not in it for the money Apr 30, 2009
There are doctors, lawyers, Ivy leaguers, servicemen (and women), carpenters, car mechanics and sales general managers, nurses, computer techs, financial planners, roofers, Verizon linemen, accountants, engineers, computer programmers, DJ s, writers, professors, teachers and coaches, recreation directors, politicians, sheep farmers, landscapers, EMT s, lumbermen, and business owners, not to mention some incredible mothers and fathers who now stop by to show off their wonderful children. And... (Hudson Sun, MA)
Despite planners' advice, many spend tax refunds Apr 29, 2009
But while the temptation may be to spend the windfall on a vacation, new car, or even on everyday expenses, financial planners say the best thing to do is save the money in this uncertain economy ... Financial planners say people should try to save as much of their refund as possible. (Boston Globe)
Canberra takes aim at super industry Apr 29, 2009
The executive manager of the Industry Super Network, David Whiteley, backed moves to ban commissions and urged the Government to go further and force financial planners to act exclusively in the best interest of their clients ... The Financial Planners Association chief executive, Jo-Anne Bloch, said her members welcomed the chance to respond to the attacks on them ... "Commissions are a contentious issue and haven't served financial planners well from a perception point of view. Financial... (Sydney Morning Herald -- Business)
Simplicity rules Apr 29, 2009
"Financial planners are more likely to offer funds with a trailing commission," he says, although planners are beginning to recommend them. A report on ETFs released last month by Investment Trends found that although the market was dominated by direct investors, 16 per cent of financial planners intended to increase their use of ETFs in the coming year. (Sydney Morning Herald -- Business)
Brenda Cude: Students can get money skills Apr 29, 2009
In addition, the department offers an undergraduate major that prepares students to be financial planners. Students should leave college prepared to make financial decisions, and to continue their financial education throughout their lives. (Athens Banner-Herald)
Plan for Retirement Apr 17, 2009
is where you'll find fee only, commission-free financial planners. And, if you're considering taking up residence in another state, Retirement Living dot come offers a wide range of information for retirees. (W-USA News, DC)
Investment in times of deflation Apr 17, 2009
Though FMPs are more tax efficient compared to FDs which is the primary reason why they were popular among financial planners and investors till a few months ago you need to be prepared to take some risks, particularly in the light of the FMP fiasco last year ... Though consumer demand is low in many countries owing to the global downturn, stimulus packages doled out by various governments could result in inflationary trends in the future, feel some financial planners. (India Times)
Bonus will be splurged on holidays and retail therapy Apr 16, 2009
Thankfully, for Mr Rudd and his financial planners, those in line to receive the payment, regardless of age, said they expect to spend it quickly, which is exactly what the Government wants. Three-quarters said it would be spent within a month and 94 per cent said they will have spent it within six months, according to the survey of 1500 people taken earlier this month. (Sydney Morning Herald -- Business)
Economy puts seniors on edge Apr 14, 2009
People facing retirement or who are already there need to take a close look at all their assets and find ways to cut spending to survive the current economic crisis, financial planners advise ... People facing retirement or who are already there need to take a close look at all their assets and find ways to cut spending to survive the current economic crisis, financial planners advise. (Honolulu Star-Bulletin)
Rising Risks in Muni Bonds Worry Investors Apr 14, 2009
A growing number of analysts and financial planners are raising doubts about the bonds of local and state governments. They worry that a weakened economy, along with rising cost of benefits for city workers, will make it tougher for local governments to meet their obligations. (Time.com)
Find an advisor Apr 14, 2009
FindanAdvisor is an online directory of: financial advisors, financial planners, Certified Financial Planners (CFP) and investment, retirement and insurance brokers ... Many of our financial advisers are Certified Financial Planners (CFP), the premier industry qualification of the Financial Planning Institute. (iAfrica.com)
The cost of expert advice Apr 14, 2009
Most financial planners do not charge for their first consultation as they first need to establish what your needs are and how they can be of value ... Commission: There are a number of financial planners who still work purely for commission. (iAfrica.com)
Financial planners assets frozen after SEC suit Apr 11, 2009
Crossroads last year was one of the 10 largest fee-only financial planners in Central Ohio, according to Columbus Business First research. The SEC in its complaint said Crossroads had 250 clients with more than $22 million under management as of January. (Columbus Business First, OH)
A good way to recoup home fees Apr 11, 2009
While this advice dovetails with a theory experts endorse holding a home and steadily paying off the mortgage is the surest route to housing wealth financial planners generally frown on "stretching" to afford a more expensive home. Lenders are now focusing more on those questions, said Bedda D'Angelo, president of Fiduciary Solutions in Durham, N.C. Even if borrowers want to borrow big, the new and more conservative lending standards probably wouldn't allow it, she said. (Seacoast New Hampshire)
Marietta lawyer charged in Ponzi scheme Apr 10, 2009
He solicited individuals directly, through seminars and through financial planners to whom he paid commissions in exchange for referrals of investment clients. Copeland said he would use an investor s money in lucrative real estate financing and/or development activities, such as by funding a mortgage or bridge loan to a real estate purchaser who needed financing. (Atlanta Business Chronicle, GA)
Ponzi scheme suspect expected to plead guilty Apr 10, 2009
Investigators said Copeland found his victims for his Ponzi scheme through seminars and financial planners, promising them as much as 15 percent on their investments in less than a year. He allegedly told investors their money was backed by real estate developments, mortgages or bridge loans. (Atlanta Journal-Constitution -- Metro)
Financially fit Apr 9, 2009
Given the state of the economy these days, one might expect financial planners and investment strategists to be disconnecting their phones and applying for the witness protection program as their clients portfolios continue to hemorrhage ... Who s Who: Tom Duerr, is the managing partner and cofounder; John Pieroni and Robert Castiglione are also partners; the firm employees two additional financial planners and a support staff of eight ... Unlike traditional financial planners who bring on... (Buffalo Business First, NY)
Ten retirement tips Apr 8, 2009
Some financial planners use software to project how much you will need in retirement according to your lifestyle ... According to most financial planners, stocks are more likely to help your savings beat the rate of inflation. (iAfrica.com)
Got money questions? Ask for advice Apr 8, 2009
More than a dozen certified financial planners and other experts, including Internal Revenue Service representatives, will answer questions in an event hosted today by The Republic. The program will run today from 6 to 9 p.m. Pose questions in the below forum area or by calling 602-444-4323. (AZCentral -- Business)
No margin for poor advice Apr 6, 2009
Financial planners can double their commissions by recommending it to investors - not only do they earn a commission on the investment but on the margin loan amount as well. There are likely to be many more people in the same position as Anne. (Sydney Morning Herald -- Business)
Tranquil retreat Apr 6, 2009
Last December Vanguard launched an Australian Government Bond Index Fund to an audience of financial planners desperate for a safe haven for clients reeling from investment losses. The head of fixed interest at Vanguard, Roger McIntosh, says the fund invests in about 50 Australian government and semi-government securities that make up the UBS Australian Government Bond Index it tracks. (Sydney Morning Herald)
Money experts, IRS to offer free advice Apr 5, 2009
Just ask local certified financial planners and other experts, including Internal Revenue Service representatives, who will address money and tax questions from readers in a free program hosted by The Arizona Republic ... He consults with companies on health care and assists financial planners and attorneys with aging issues. (AZCentral -- Business)
Investment news and advice Apr 3, 2009
Financial planners intent on doing the wrong thing had better watch out. What's new. (Sydney Morning Herald -- Entertainment)
NAB axes jobs in branch network Apr 3, 2009
ANZ Bank said this week it would cut 58 financial planners, about 10 per cent of its planning staff. Related Coverage. (Sydney Morning Herald -- Business)
Stock questions? Ask Matt Apr 3, 2009
While many investors were chasing hot stocks in 2007, and ignoring financial planners urging them to add bonds to their asset allocations, the world changed. The vicious bear market in stocks has served up a big reminder of the value of having a dose of stable bonds, that is fixed-income securities, in your portfolio. (USA Today -- Money)
Coping with a layoff Apr 1, 2009
Here's some advice from a few local certified financial planners. -- Sit down with a few sheets of paper and a pen and list all your sources of income, expenses, debts, savings and investments. (Daytona Beach News Journal)
Financial literacy Mar 30, 2009
The Financial Planners Standards Council, a not-for-profit organization that offers information and educational seminars, said it's being asked to make presentations at a growing number of companies, as well as to set up booths at health and wellness fairs. "Financial health is related right now to your well-being, how you manage stress, how you plan for your future," said Tamara Smith, vice-president of the council. (Globe and Mail -- Business)
Realtor scaling back after $5M lottery win Mar 25, 2009
The only downside to winning the lottery has been the nuisance calls from financial planners and others who want to do business with the couple, she said. Reader Comments. (Albany Business Review, NY)
SV sees revenues dip, eyes projects Mar 25, 2009
SIERRA VISTA The city is expecting cuts in its revenues next year, but financial planners say they have a workable preliminary budget, without city rate or tax increases. City officials expect to have their preliminary budget book completed ahead of schedule in late May. (Sierra Vista Herald, AZ)
Rewire To Get Hired, Against Daunting Odds Mar 24, 2009
"Early Show" Series Follows 4 Job Seekers Over 3 Months; Offers Plenty Of Advice. NEW YORK, March 23, 2009. (CBS News)
Beware of higher tax bill before dropping 401(k) Mar 22, 2009
Follow the advice of financial planners and contribute at least at the level of your company's match if you can. Don't lose sight of the primary reasons for putting money into your 401(k) account a comfortable retirement income and the tax benefits you're getting now. (USA Today -- Money)
Opportune time to assess and review portfolios Mar 21, 2009
With fixed deposit rates at such low levels, money not put to better use seems wasted, says CTLA Financial Planners Sdn Bhd managing director Mike Lee. Indeed, investors are the best judge of what is good or bad for their portfolios. (The Star Online, Malaysia -- Business)
Should You Dip Into Your 401(k)? Mar 20, 2009
This is what many financial planners recommend. A traditional IRA allows you to convert the money over without having to take a hit and pay taxes, but it is a personal account with contributions you make yourself and is not matched by your employer. (KIRO TV, WA)
> On the hunt: Job openings vary by sector Mar 20, 2009
There are some specific jobs that remain in high demand both nationally and locally, including wealth managers, financial planners and tellers. There are about a dozen teller positions available in the Dayton area. (Dayton Business Journal, OH)
