Latest ACP Blogs

For decades, commissioned advisors have known that the fee-based financial planning model has gained popularity among clients and advisors alike. But the daunting task of making the switch has left many uncertain about leaving their commission lifestyles behind.  Here at ACP, our goal is to empower, teach, and guide advisors in our fee-only, fiduciary model, which not only better serves clients but also provides advisors with a business plan that works. Leaving the world of commissions isn’t easy, but we are here to help you make the transition. You need passion, hard work, diligence, and a strong sense of community, all of which ACP has in spades.  ...
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When people hear the phrase “financial planning” a few things probably come into mind: managing assets, investments, portfolios, etc. So much public perception of our industry, and sometimes the reality, is that financial planners and investment managers are one in the same.  We at ACP know a different story.  Our organization was built to show a new way to approach financial planning, an approach to embolden advisors and bolster clients, with the purpose of putting the interest of the client first.  This story vastly differs from media depictions of Wall Street hotshots and investment managers. We seek to cultivate a community of advisors whose ...
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In this Swift Chat with  Marie Swift , ACP members  Hannah Basil Bryant, CFP®  and  Chip Simon, CFP®  explain how the ACP System™ helps advisors maintain their client base (and their revenue) while their clients feel safe and secure through market downturns, even during the current worldwide health and financial crisis:  https://bit.ly/2ytgMT
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ACP Board Member, Sheila Padden, mentioned by writer, Donald Jay Korn, in  Savvy ways to gift assets while also cutting tax rates  in Financial Planning. April 2020
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ACP Board Member, Sheila Padden, quoted in this PLANADVISER article by Lee Barney  The Need for Planning—Not Just Advice—Is Clear . April 2020.
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ACP has built its organization around dynamic, like-minded advisors who have a drive to deliver optimum value to the clients they serve. Our commitment to our fee-only fiduciary standard is what has held us and our advisors together for over 25 years. This has been our founding principle and it has allowed us to grow a wonderful community.  Our members are passionate, highly trained, motivated professionals who come from all walks of life and all types of financial planning backgrounds, bringing diversity in knowledge, education, and work experience.  Being a member of the Alliance of Comprehensive Planners provides access to a wealth of tools, resources, ...
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You’ve taken the plunge to go into business for yourself. Congratulations! This will be an incredible adventure—one filled with ups, downs, and everything in between.  While there are so many amazing aspects to owning your own business, there are also some important changes to be aware of. In your old office, you probably had an array of coworkers and peers to help form a community. When you are in business for yourself, that community seems to evaporate overnight.  A strong sense of community is an essential component for a successful business owner. But how can you find community when you go into business for yourself? What tools and resources ...
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ACP certified member Ken Robinson and ACP President Chris Wentzien give advice in this article by Coryanne Hicks, “Tax Deductions for Financial Advisor Fees” in US News, regarding deducting fees from IRAs
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Alliance of Comprehensive Planners and Kinder Institute of Life Planning Announce Plans for 2020 Conference in Atlanta and outline featured speaker roster, which includes George Kinder, Susan Bradley, and Dan Roam.  https://prn.to/3eM69v
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ACP members Robert Walsh and Timothy Caban were both quoted in a Financial Advisor IQ article, “ Warning Signals Raised Over SBA Loan Loopholes ” by Miriam Rozen
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ACP President Chris Wentzien was profiled by Jane Wollman Rusoff in this ThinkAdvisor article, "Finding Big Tax Savings in the 'Bridge Years' Between Retirement and RMDs."  During the pandemic, Wenzien, a CPA and long-time member of the Alliance of Comprehensive Planners, hasn’t changed his approach to planning for clients in the bridge years. He had already advised them to keep emergency cash reserves and a guaranteed income stream built out at least five years
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When most people think of taxes, they think of the frantic rush to file returns by the tax filing deadline. They think of confusing tax law, rushed explanations from tax preparers, and the fear over the status of their return. Will they owe or will they get a refund; this seems to be the top concern on the minds of clients walking through your doors.  But what if you as an advisor can help change that narrative? What if you were able to transform taxes from a once-per-year filing chore into something different, something planned and understood? What if you could help your clients understand how the financial decisions they make throughout the year ...
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For many business owners, striking the balance between a profitable business and a healthy lifestyle seems like an insurmountable feat. Most narratives about lifestyle-focused practices become synonymous with lackluster business success.  But does an emphasis on lifestyle have to be exchanged for a notable reduction in revenue? Is there an alternative to choosing between business and personal success? How can you structure a well-balanced life and a practice that provides a solid living? Here at ACP, we believe that building a profitable practice and living a life you love can and should be one and the same. But that doesn’t mean it comes without ...
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ACP member Michelle Morris, CFP®, EA, featured in AARP article " Why You Should Have a Roth IRA During Turbulent Times. " April 2020.
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ACP Certified member Kenneth Robinson interviewed in an Associated Press article,  “Don’t Give Your Adult Kids Your House” by Liz Weston.
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ACP member Michelle Morris, CFP®, EA, featured in US News online article " The Most Overlooked Tax Write-Offs " March, 2020.
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In a recent article by Michael Kitces, published on the Nerd's Eye blog, Kitces talks about the rise of TAPPs - Turnkey Advice and Planning Programs and mentions the Alliance of Comprehensive Planners as an early pioneer and still vital model for fiduciary planners. View the full article:  http://bit.ly/3a1XcL
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Here at ACP, our community of advisors has a particular way of looking at household financial planning. Even though we all serve many different clients with varying demographics, household incomes, financial profiles, and goals, we come together on a core set of beliefs that fuel our practices.  Today, we want to illustrate ACP’s seven core concepts for approaching financial planning with clients. These concepts were developed by Bert Whitehead who in 1995 presented them to a group of four other professionals with the intent to change the way we approach financial planning: from institutions to people.  Bert knew that as it currently stood, the ...
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Financial planning reaches far beyond investments. It’s more than paperwork and numbers on a balance sheet; it’s about understanding and optimizing the full scope of a client’s financial horizon. We at ACP know financial planning to be a rich field with great depth and reach, but that isn’t the case for every client who walks through your doors. Sometimes the financial world can seem segmented to them, with a professional dedicated to just one area of their plan: insurance, investment, estate planning, taxes, etc.  While each area is important individually, how they inform, complement, and function together is the best way to get a comprehensive ...
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ACP founder Bert Whitehead’s book, "Why Smart People Do Stupid Things With Money," included in UpJourney article, "27 Best Life Coaching Books of All Time (That Will Change Your Life)."   January, 2020.
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