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Welcome to the global gathering place for the financial planning profession
Johannesburg, South Africa: Starting your career as a financial planner is an opportunity to create a life for yourself that few other people will be able to match. After nearly two decades as a financial planner – including eight years as a co-owner of a planning business, I am quite sure that financial planning is one of the best careers for those who care as much about quality of life as they do about money. Continue reading 10 Tips for New Financial Planners
It would seem that there is a trend amongst financial planners to specialise and specifically in investments. This means that their target market is usually higher net-worth individuals, as the ordinary person does not always have high amounts of additional money to save or invest, but this is another discussion entirely. My question is whether specialising is really keeping it simple? Continue reading Specialisation in Financial Planning is Actually More Complicated
By Almo Lubowski, CFP In dealing with financial policy makers (and even regulators) in the recent past, and on the various aspects that will affect financial advice in the future, a definite trend has emerged: these aforementioned policy makers are adamant on dis-intermediation of the financial services industry and their focus is on eliminating advisors and planners. Continue reading The Financial Services Industry Wants to Cut out the Middleman
Many believe that in order to be a professional financial planner, one needs to shift towards a fee-based model within one’s practice, with a clear distinction between the provision of financial advice and the sale of products being drawn. Perhaps the word “fee” is also a bit deceptive in the financial planning profession; some say that the term “advisor charging” is more appropriate. Continue reading Professionals Use Fee-Based Models
The literature of professionalism in financial planning is rapidly growing. This is a testament to an industry in search of itself. In 2009, FPSB published “The State of the Financial Planning Profession in the “Post-Trust” Era.” Continue reading Growing Literature of the Financial Planning Profession
TZANEEN, SOUTH AFRICA: I believe that 2012 is likely to be another very difficult year in the investment markets. This is going to make financial planners’ lives very difficult as more investors become disillusioned with their savings and investments. In addition, regulatory pressure on advisors is likely to increase as governments try to prevent future financial disasters through over-regulation. Continue reading 2012: Planning for a Difficult Year
Every week we read another headline about corruption, fraud, tax evasion, manipulated tenders and the like and unfortunately it’s invariably all happening at leadership level. So the question we have to ask ourselves is, are the Leaders of today corrupt and lacking in integrity? Robert Hoyk and Paul Hersey say that the disconcerting answer is that these leaders are no different than any of us. “With the advent of Social Psychology, which is the behaviour of individuals in groups, we have learned that the influence of the situation often overpowers the influence of personality. Continue reading Integrity: An Old-Fashioned Virtue?
JOHANNESBURG, SOUTH AFRICA: The recent conviction of Dr. Conrad Murray for his role in Michael Jackson’s death can teach financial planners many lessons about the dangers of giving clients what they want rather than what they need. I cannot help but think that a professional advisor who focused on his client’s best interests could have prevented this unnecessary death. Ultimately, all professionals need to be sure that they place their integrity and ethics above all other considerations as that is the implicit promise we make to people who trust us with their well-being. Continue reading Ethics: Financial Planners and Medical Professionals |
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By Warren Ingram, CFP
By Almo Lubowski, CFP 
By Paul Rabenowitz, CFP
By Alec Riddle, CFP