Category: Financial Planning

J.P. Morgan loses breakaway with $300M AUM

A former J.P. Morgan Securities advisory team, with $300 million in assets under management, has formed a new RIA to serve ultrahigh-net-worth sports, music and entertainment clients.

Institute for Financial Planning and Analysis established

The Department of Finance, Insurance, and Law in Illinois State University's College of Business has recently implemented an Institute for Financial Planning and Analysis. Professor of Finance Edgar Norton has been named the director of the new institute.

Fiduciary rollout: DoL to extend a hand

WASHINGTON — As the dust begins to settle after the Department of Labor issued its hotly contested fiduciary regulation, one of the key officials who led the rulemaking initiative says that he anticipates issuing clarifying guidance on an ongoing

6 Planning Differences for Female Clients

Women arent so different from men when it comes to their financial goals, a new Pershing study notes: They want to live comfortably while maintaining their lifestyle, and want to be able to cover their healthcare costs for both their families and themselves.

Yet women face some challenges that men do not. The study, titled Women: Investing With A Purpose, calls out six planning differences that advisors should consider when working with female clients. (It also identified one thing the industry is getting wrong about female clients.)

Page through to see the full list, or click here to see a single-page version. — Maddy Perkins

Image: iStock

Financial Services Industry Supports 20 Years of Pro Bono Financial Planning

ATLANTA, Ga., March 19, 2015 (GLOBE NEWSWIRE) — via PRWEB – In its 20th year of supporting the delivery of pro bono financial planning, the Foundation for Financial Planning is pleased to reflect on 20 years of uninterrupted service to the underserved.

During this time, more than 13,000 industry professionals have volunteered to provide pro bono financial planning to the underserved. This contribution of time is valued at over $27 million and the generosity of pro bono financial planning services has resulted in serving more than 350,000 people, which included more than 52,000 one-on-one pro bono financial planning sessions. It Matters!

With two decades of support for underserved communities, the Foundation for Financial Planning exemplifies the true spirit of commitment and dedication to supporting pro bono financial planning, said Bernie Clark, Foundation Chair. This year, the organization continues its drive to engage corporations and professionals nationwide in the Foundations efforts.

The Foundation for Financial Planning is unique and is the only organization dedicated solely to supporting the delivery of pro bono financial planning to underserved communities. With the exceptional success of the last 20 years, the Foundation is now poised for an even greater future. There is no better industry example of giving back than the work and mission of the Foundation for Financial Planning — it is a testimonial that financial services corporations and professionals believe all people should have access to and can benefit from financial planning, said James A. Peniston, executive director of the Foundation for Financial Planning.

The Foundation has provided more than $5.7 million in grants to local, regional and national nonprofits in support of pro bono financial planning and knows supporting efforts in local communities through grant-making and collaborative partnerships are critical to long-term success. The Foundations grants cycle is open through April 30, 2015.

About the Foundation for Financial Planning

The Foundation for Financial Planning, a 501(c) (3) non-profit is the only organization solely devoted to supporting the delivery of pro bono financial planning. Its mission is to help people take control of their financial lives by connecting the financial planning community with people in need. Visit for more information and to learn how you can contribute to making a difference in the financial lives of others.

The Foundation for Financial Planning meets its mission daily by connecting financial planners with underserved populations and has helped provide more than 350,000 people with pro bono financial planning. The Foundation has provided more than $5.7 million in grants to local, regional and national nonprofits in support of pro bono financial planning, including providing financial planning resources free of charge to the military and has connected more than 13,000 financial planners with volunteer opportunities. It Matters!

This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit

Foundation for Financial Planning
Dawn Butler

+1 770-938-1110

The Three Phases Of Value In Financial Planning

Though it is easy to forget or appreciate the value received from financial planning service, the financial planning relationship can be broken down into key phases of value to appreciate the value of financial planning, notes a report from, owned and operated by Barnett Ravenscroft Wealth Management, in its report titled: “The hidden value of great financial planning” notes delivering peace of mind would be the value of great financial planning.

What is financial planning?

The Sensibleinvesting report points out that good financial planning would help resolve some key questions relating to lifestyle worries, money worries and money and life challenges. Financial planning would help people feel confident that they have the financial flexibility to survive whatever life and the markets may throw at them. It will be comforting for the clients that they have a trusted finance professional on hand to monitor their finances over time and facilitate them in making the tough decisions that they will inevitably face along the way.

In order to appreciate the value of great financial planning, the Sensibleinvesting report breaks the financial planning relationship into three key phases of value.

During the Value Phase 1, the report notes new clients often arrive with a proverbial suitcase of bits and pieces collected over the years, across a host of financial products such as pension plans, endowment policies, IFA managed portfolio. The report notes during this phase, some of the clients do not have a clear vision of what they want their future to look like. Hence, the financial planner should help clients to set out their vision for the future, both in terms of lifestyle goals and the money needed to fund them.

MDS Names Fahrbach VP of Financial, Planning and Analysis

NEPTUNE, NJ Marathon Data Systems, a leading provider of Software-as-a Service (SaaS) solutions for the field service and transportation and logistics industries, announced the appointment of Bill Fahrbach as vice president, financial planning and analysis. Fahrbach will lead the finance team in building and sustaining a strong analytic framework to support key business decisions, pairing strategy and operations with finance to support scalable growth for Marathon Data Systems.