Latest ACP Blogs

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By: Frank J. Corrado , CFP, CPA Remember the first time an adult you respected told you, “If you’re having a difficult time deciding what is the right thing to do -- just listen to your gut. Deep down, if it’s right, you’ll  feel  it.” That’s exactly how I felt the first time I was introduced to the concept of  appreciative inquiry .  After years of providing excellent financial planning service to my clients, the traditional model I’d been trained in just didn’t  feel  right anymore.  As a successful financial advisor helping clients build their net worth, I was questioning the impact I was having. Sure, I was helping them make more money through better ...
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Elizabeth Buffardi quoted in Yahoo Finance article, "Financial advisors: Here's how to handle the stock market roller coaster", February 7, 2018
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John Scherer quoted in CNBC article, "What you need to do if you want to put off retirement like Warren Buffett", January 18, 2018
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By: PJ Wallin , CFP®, CPA Best-in-Class Tax Season Software All, I've been doing extensive research on best-in-class tax season software set-up. My goal as a firm is to be in full marketing mode during tax season. I've found many firms are inwardly focused rather than outwardly focused during such an important time. Last season alone we added a tremendous amount of new business during tax season and the last thing I want to do is turn away work, or work 60 hours per week – so here's what we we’re using (pros/cons), our updated set up for this season, and the reason for the change. 2014/2015/2016 Tax Years Set Up  - GruntWorx with UltraTax Desktop ...
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By: Frankie Corrado , CFP® Something Happened at the 2017 ACP Annual Conference Heading into the 2017 annual conference of the Alliance of Comprehensive Planners (ACP), there was much on my mind. My firm, Blue Blaze, is growing out of its “boutique” shell with our eyes on ambitious impact and industry re-defining value to clients. As a newly elected member to the ACP Board of Directors, I was intent on bringing my energy, ideas, and work ethic to face the challenges of the organization. And to top it off, this was my second year as the conference chair. Our conference is revered by the outstanding member-financial planners that make up the relatively ...
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Thanks Hannah for promoting ACP on the CFP Board Candidate Open Forum! Starting a fee only firm November 2017 Hello, My name is Jamie Wiggins. I am completing an MBA in Personal Financial Planning April 2018 which will allow me to sit for the CFP exam. I have been trying to go the traditional route and get a job within financial planning and more specifically fee only financial planning but having some real challenges. I am wanting to work with younger clients. I have no real "work" experience related to the financial planning so it has been very difficult for me since the firms that are in my area seem to be wanting experienced professionals and experience ...
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Sheila Padden and ACP mentioned in Kiplinger's Personal Finance,  December 2017 article, "The Right Price for Investing Advice"
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Debbie Gallant quoted in The Wall Street Journal  article, "Financial Advisers Balk at Changes to TD’s Commission-Free ETF Menu" , Oct 26, 2017
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"Holmdel Businessman Frank T. Corrado, CFP, Elected to the Board of Directors For the Alliance of Comprehensive Planners" , TAPinto.net, October 3, 201
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By:  Linda Leitz , PhD, CFP®, CDFA, EA There are financial advisors who don’t take the time to get to know what prospective clients want before turning them into clients. Financial planners in the Alliance of Comprehensive Planners (ACP) take the time to find out what consumers want and have some sense of what they need before proposing a client relationship. The preliminary appointment that ACP members are taught doesn’t involve a long and tedious questionnaire that the average consumer finds overwhelming and intimidating. Simple data gathering and nature conversation about the prospective clients’ desires and their situation build the foundation for ...
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Join us in welcoming Chris Wentzien and Frankie Corrado as the newest members of the ACP Board of Directors. Chris and Frankie will serve three-year terms beginning January 2018 and running through December 2020. I am confident that ACP will benefit greatly from their insight, vision, and leadership. Chris Wentzien, CFP®, CPA, MBA ACP Campaign Statement Why do I want to be an ACP Board Member? Giving Back . I would not have a practice without ACP. The friendships, ACP training, and tools have allowed me to build a successful practice, and have been with me every step from the start-up phase to where I am today. We are the best ! I strongly ...
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Edited by Michael Garber , CFP®, CRTP August 2017 Based on the Article “ Functional Asset Allocation: A Model for Real People ,” by Bert Whitehead, MBA, JD and founder of the Alliance of Comprehensive Planners Introduction In finance, the process of Asset Allocation has developed to optimize investment return from a portfolio, given an expected level of volatility. This approach developed after studies of the historical performance of a variety of asset classes used in many types of investment portfolios.  The traditional approach to asset allocation is based on the needs of institutional portfolios, or those of the very wealthy. The output of traditional ...
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By: Melvin Spain , CPA / PFS Being a tax-focused financial planner is a way to set yourself apart from other financial planners in the marketplace. I have seen brokers, investment advisors, and financial planners tell clients they can expect to pay a certain amount of taxes on a transaction without understanding the client may have alternative minimum tax (AMT), net investment tax, or that the transaction pushed other income into a higher tax bracket. As a comprehensive planner, you know the client’s entire financial picture so they may have a long term capital loss carryover, or if they have a favorite charity they may wish to contribute appreciated stock ...
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ACP and Bert Whitehead mentioned, Ken Robinson quoted in Financial Planning article, "Will retainer fees replace the conventional AUM model?" , May 4, 2017 Retainer fees first emerged after a 1995 NAPFA conference presentation by the founder of the Alliance of Comprehensive Planners, Bert Whitehead. Only 11.5% of fee-only advisers use quarterly or monthly retainers, according to an estimate by Ken Robinson, an early adopter at Practical Financial Planning in Cleveland. Robinson co-wrote a 2016 study in response, he says, to growing interest in retainers. The Department of Labor’s fiduciary rule, increased competition, a limited market for AUM clients ...
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Ken Robinson quoted in NerdWallet article, "Pay Yourself First: Reverse Budgeting Explained",  May 17
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ACP mentioned in Herald-Tribune article, "Fiduciary rule is on ice, but good advice remains available" , 3/18/17 "There are several networks of fee-only advisers, such as The Garrett Planning Network, the XY Planning Network (which lists advisers who specialize in younger clients); the Alliance of Comprehensive Planners and the Certified Financial Planner Board of Standards."
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ACP Member Ed Fulbright , CPA, CGMA, PFS, wrote Why Knowing Your Tax Rate Is Important  for the Spring 2015 Financial Focus. There is a lot of information to digest in his article so we have split it up into four blog posts. Please continue reading to learn Ed's step one of simplifying and lowering your taxes.  Why Knowing Your Tax Rate Is Important By Ed Fulbright, CPA, CGMA, PFS Durham, NC Step One: Understand your filing status . Step Two: Understand what tax bracket you are in now and will be in the future. Federal tax brackets change as taxable income goes higher. (Taxable income is your adjusted gross income minus your deductions and ...
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Dave Gardner wrote an article for the DailyCamera , "You can still work with a fiduciary adviser" , 4/1/17. ACP is mentioned as organization made up solely of fiduciary, fee-only financial advisors.
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ACP Member Ed Fulbright , CPA, CGMA, PFS, wrote Why Knowing Your Tax Rate Is Importantant for the Spring 2015 Financial Focus. There is a lot of information to digest in his article so we have split it up into four blog posts. Please continue reading to learn Ed's step one of simplifying and lowering your taxes. Why Knowing Your Tax Rate Is Important By Ed Fulbright, CPA, CGMA, PFS Durham, NC Do you like paying more taxes? If not, then understanding your income tax rate can help. Some people believe that can be as complicated as picking your NCAA tournament brackets. It is not. Here is my four-step process to simplify and pay lower taxes. Step ...
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Alliance of Comprehensive Planners members Jonathan Heller and Robert Walsh authored a white paper, “Tax Alpha: How to Add Measurable Value with Tax-Focused Financial Planning.” They were recently quoted in Financial Advisor Magazine's article Advisors Worried About Tax Day—In 2018 and are not worried, they are planning. “We may be on the cusp of filing 2016 returns, but after Dec. 31, 2016, it was too late to worry about 2016. Now we are doing 2017 tax prep work,” says Heller. “We are not making any moves on what we think might happen. We hope that rates will be lower, but we can’t let the tax tail wag the ...
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