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Welcome to the global gathering place for the financial planning profession
Phil Billingham, CFP says yes:As an argument for staying on commission, it’s right up there with ‘But my clients won’t pay fees’. It’s ‘If I move to fees, my older/smaller clients will not be able to afford me’. To translate this, the argument is that ‘I will have to stop looking after them because they will not be profitable enough’. Continue reading Point, Counterpoint: Can fee-only financial planners serve smaller clients effectively?
“Times, they are a’ changing”, goes a song from times gone by. For the financial services industry, the changes have started coming in, fast and thick, since 2008. The entire financial community was viewed with suspicion, with bankers bearing the brunt, for obvious reasons. Continue reading Regulatory Changes in India Affecting Financial Planners
During the first week of March, I joined FPSB’s Examinations Working Group, FPSB’s Experience & Continuing Professional Development (CPD) Working Group and the FPSB Standards Committee in Dubai, UAE. Altogether, we had 16 CFP professionals, academics and association leaders, put forward by FPSB member organizations, who worked for three days to present recommendations to the FPSB Standards Committee on education and assessment standards, and guidance for evaluating and promoting a meaningful global experience and CPD standard for CFP certification. Continue reading FPSB CEO Update: “The discussion needs to be planner AND adviser.”
The enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) brings a new era of regulation focused on promoting transparency and accountability in the US. Continue reading Regulation Challenges Facing Financial Planners
“It is an interconnected world. What is happening in the west has a bearing on the rest. That is very evident in our line – financial planning.” The meltdown in 2008 has resulted in regulators looking askance, at all financial service players. Continue reading Financial Regulation: Even Eagles Need a Push
In India, about 10 or 20 years ago, if you were lucky enough to have a relative who was an insurance agent, your family would receive financial advice. With growing complexity in financial products, more people started looking for somebody to help them make the right decisions. Continue reading Trends in the Financial Planning Industry
From January 2013, advisers and planners in the UK will have had to fulfil the Retail Distribution Review’s (RDR) requirements if they are to continue trading under the new rules laid down by the UK’s regulator, the Financial Services Authority (FSA). Continue reading The Effects of Retail Distribution Review (RDR) on Consumers
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 |
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By Suresh Sadagopan, CFP
By Noel Maye, FPSB CEO
By Taylor Liao, CFP 
By Mukesh Dedhia, CFP
By Marlene Shalton, CFP
