Latest ACP Blogs

InvestmentNews Senior Columnist Jeff Benjamin will moderate a lively discussion at the 2022 InvestmentNews RIA Summit with ACP Member / financial planner Courtney Ranstrom and investment manager Rick Ferri as they debate the topic of fee-based advice from opposite ends of the spectrum. Which is better: asset-based pricing or the fee model? How and what do advisors charge, and what are all the options? "The Fee Face Off" will take place  in November 2022 at the InvestmentNews  RIA Summit  in Boston. https://investmentnews. eventscase.com/EN/ RIASummit2022/Agenda
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As an advisor, you may employ a variety of models in different capacities for receipt of compensation from clients. Knowing these formats may help you make your best decision as you build your own advising practice. It is important to remember that planning can be as quick or extensive as it fits your clients' needs, your business goals, and your lifestyle. You may choose to offer one-time planning events, sketching out the bones of an end goal and the steps along the way that will bring your clients to that destination. If there is interest in revisiting that plan over time, you will likely engage in an ongoing relationship of planning throughout the ...
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ACP Certified member Jared Hoole   was quoted in this article in MarketWatch: Jared Hoole, a CFP and president of Lakeside Financial Planning based in Burlington, Mass., says self-employment gives him the flexibility to be with his family. One big advantage that he sees: “You’ve got the ability to control your own destiny.”   https://www.marketwatch.com/story/financial-face-off-is-it-better-to-be-a-w-2-payroll-employee-or-self-employed-youve-got-the-ability-to-control-your-own-destiny-11654087979?mod=financial-face-off
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ACP Certified member Frank Corrado was quoted in this article in InvestmentNews, “The most seasoned advisers show no signs of slowing down — or retiring.” “If you define retirement as not working, I don’t think I could ever do that,” Corrado said. “Most people my age are downsizing to retirement communities and I’m putting in a whole new backyard. The two most precious resources are money and time, and as you get older, time is everything. Once you control your time, you then truly have financial freedom.”   https://www.investmentnews.com/the-most-seasoned-advisers-show-no-signs-of-slowing-down-or-retiring-220192
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Alliance of Comprehensive Planners (ACP) has announced the featured speakers and agenda for their in-person conference this fall. The event will be held September 28-October 1, 2022 at the Hilton Minneapolis, MN.   https://finance.yahoo.com/ news/alliance-comprehensive- planners-announces-2022- 150900719.html
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Many financial planners start their practice with anything but tax preparation and planning in mind. They may have had a negative experience with tax prep in the past, or maybe taxes just don’t interest them as much as holistic financial planning strategy does. However, many ACP members have leaned toward incorporating tax services as part of their comprehensive model in recent years – and our team is expecting this trend to continue.  Let’s dig into the “why” behind leveraging tax services in your fee-only financial planning practice, and how it can help you to uplevel your planning model.  Is Tax Preparation an ACP Requirement? First and foremost, ...
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Members of the Alliance of Comprehensive Planners (ACP) are providing an array of tax tips to help the general public and those who are still in the midst of or finalizing their 2021 tax returns.   https://agilitypr.news/ACP-Members-List-Five-Tax-Sins-for-Consu-30965
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Certified member   Tricia Rosen  was quoted in this article in  CNBC, “ Rising inflation may increase yearly rates for I bonds. Here’s what to know. ” The writer comments that a downside of I bonds is the lack of flexibility, which makes I bonds less attractive for emergency savings you may need to access in a pinch.  “You absolutely cannot access it for a year,” said certified financial planner Tricia Rosen, principal at Access Financial Planning in Andover, Massachusetts. “It doesn’t matter how badly you need it or what horrible situation you’re in.” Moreover, if you cash in I bonds within five years, you’ll lose the previous three months of interest, she ...
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Certified member, Shelia Padden was quoted in this article in The Wall Street Journal, “ Investors Flock to ‘I Savings Bonds’ for Protection Against Inflation .”  “I bonds are meant to be savings tools,” says Sheila Padden, a certified financial planner and CEO of Padden Financial Planning LLC in Chicago. “They fill a gap in a portion of one’s fixed-income portfolio. They are great for emergency funds and are also good for retirees or near-retirees as a bond ladder to supplement guaranteed income.”
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Alliance of Comprehensive Planners was listed in this Kitces.com article on “ 3 Essential Client Meeting Skills For Financial Advisors (And How To Develop Them!) ” Kitces wrote: For advisors who want to go beyond the basic skills of holding a client meeting and who want to learn an entire  system  of financial planning and client communication, there are a number of holistic planning programs that cover the entire planning process. Three programs that exemplify this approach are  The Alliance of Comprehensive Planners’ ACP Success Program ,  Money Quotient’s True Wealth Process ,  and the  Kinder Institute’s EVOKE Life Planning Training Course .
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Alliance of Comprehensive Planners announced dates and location for the 2022 ACP Annual Conference, which is now scheduled for Sept 28 - Oct 1 and will be held at the Hilton Minneapolis in downtown Minneapolis. https://www.mediasourceportal.com/announcements/alliance-of-comprehensive-planners-announces-dates-and-location-for-2022-annual-conference
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Certified ACP member Laura I. Rotter was quoted in a recent NY Times article:   Everyone is Quitting. Here’s the Right Way to Do It . If you own a home, applying for a home equity line of credit before you quit (and lose your pay stubs) can provide added security. “You may not need it, but it is a nice thing to fall back on for extra cash because it is much cheaper than drawing on credit cards,” said Laura Rotter, a financial planner in White Plains, N.Y.
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Certified member, Rorik Larson, was quoted in “ How to Make Your Financial Life Happier in 2022 ” in The Wall Street Journal by Anne Tergesen. “If you have more than one traditional IRA, Roth IRA, 401(k) and taxable account, consolidate your holdings into one of each type so you will have fewer statements to keep track of,” says Larson, an adviser in Palos Heights, Ill.
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Certified member, Jill Gianola, recently co-authored a book,   Single Women and Money:  How to Live Well on Your Income , with journalist Margaret Price, published by Rowman & Littlefield.   Read this review in “ The Savings Game: A great guide about money for single women .”
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Journalist Coryanne Hicks updated her article in US News & World Report from 2020 with new comments from Certified ACP members Ken Robinson and Chris Wentzien, “ Tax Deductions for Financial Advisor Fees .” And she mentioned ACP by name twice, highlighting ACP leadership on this topic.
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In this article in Wealthmanagement.com, “Fifteen Must-Listen Financial Podcasts,” journalist John Kador calls out “Practical Wisdom from ACP Advisors,” hosted by certified member Ken Robinson, as one of the top financial podcasts, according to advisors.
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Certified member, Linda Leitz, was honored at the annual ACP conference held in Atlanta. The release, “Dr. Linda Y. Leitz, CFP®, EA receives 2021 Bert Whitehead Visionary Award,” highlights the award presentation.
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Certified member, Shiela Padden, was quoted in this article, “Choosing a billing method for financial planning,” in Journal of Accountancy on the merits of the retainer model.
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Alliance of Comprehensive Planners was mentioned in this article in Forbes Advisor, “Certified Financial Planner: What Is A CFP?” Web searches on both NAPFA and Alliance of Comprehensive Planners’ website were recommended for finding qualified financial advisors.
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ACP Certified member, Bridget Sullivan Mermel, was quoted in this article, “Here are 5 pieces of credit card advice that financial advisors are giving their clients in 2021,” for CNBC.com.  Additionally, Sullivan Mermel was tapped by her local Chicago cable station to host a TV show called “The Chicago Money Show.”
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