article thumbnail

CFP Board’s Fee Increase For Workforce Development: More Advisors Or Just More Sales Churn?

Nerd's Eye View

But these positions are often tenuous for new advisors, with extremely high failure rates, driven in large part by compensation that is reliant primarily on commissions from product sales.

CFP 191
article thumbnail

Kitces & Carl Ep 135: Do Experienced Financial Planners Have A Professional Obligation To Create Job Opportunities For The Next Generation?

Nerd's Eye View

On a smaller scale, meanwhile, several firms have implemented residency programs designed to offer meaningful work experience to young planners fresh out of school who are able to take on entry-level work, meet their experience requirements for their CFP certification, and then leave after 2 or 3 years.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Extraordinary Conversation: Attracting diverse talent to your firm

Nationwide Financial

In the video at the bottom of this blog, leaders from two FARE member firms are joined by an HBCU student and a young professional pursuing her CFP certification to discuss best practices for attracting diverse talent, and why it matters. What does it take to attract top diverse talent to your firm?

article thumbnail

FARE helps Black financial professionals thrive

Nationwide Financial

FARE seeks to increase the number of Black financial professionals through expanded research, increased training, and mentorship opportunities at both the university and professional level. The underrepresentation of minority financial services professionals has long been a challenge for the financial services industry.

article thumbnail

The 83(b) Election and Restricted Stock Plans

Walkner Condon Financial Advisors

35,000 sale price – $10,000 cost basis). Your total taxes paid after the sale of all shares: 83(b) election. How a company sets up its stock plans and each employee’s situation can vastly impact these numbers and introduce other considerations that might make an 83(b) more or less appealing. No 83(b) election.

article thumbnail

Microtech Developers’ Future Strategies: From Debt Reduction to Market Expansion

Trade Brains

By leveraging the brand value and focusing on selling a sizeable percentage of units within one year from the launch of a project as well as before the receipt of the occupation certificate (“OC”), the company can generate operating cash flows during the construction phase. In the year 2022, it grew by about 20% to 360,000.

article thumbnail

Financial Record Keeping: How Long To Keep Financial Records?

Clever Girl Finance

Birth certificates / Adoption paperwork. Death Certificates. Marriage Certificates. Marriage certificates are usually needed for the Social Security Administration status and/or name change, driver license name change, mortgage loans, life insurance, health insurance, etc. Social security card. Security safe.