The 1st Financial Modelling Masterclass was conducted by the Institute of Financial Consultants – Philippines, last March 5 and 6, 2009 in its office at Unit 505 East Tower Philippines Stock Exchange, Ortigas Center, Pasig City. After determining your approach and level of involvement, your RIA will work with you to implement your strategy – providing professional support along the way – to help you make informed financial decisions without the substantial time commitment that usually comes with creating and managing a portfolio. The Million Dollar Round Table (MDRT) is an international, independent association of the world’s leading life insurance and financial services professionals. MDRT membership is recognized internationally as the standard of excellence in the life insurance and financial services business.
Developing an early and accurate assessment of damage claims allows our attorneys to hold settlement discussions well in advance of securing outside financial experts, which provides time and costs savings to our clients. When outside financial experts are engaged, our consultants act as a liaison to aid in the development and understanding of expert theories and damage analyses. Our financial consultants also work closely with outside testifying experts to develop analyses, presentations, and testimony for trial.
For decades, the Chartered Life Underwriter (CLU) designation was the premier financial and insurance planning credential sported by life insurance agents and financial planners who marketed their products and services to the public. Then, the Certified Financial Planner (CFP) designation was created in the 1970s and grew in popularity until it became the premier financial planning designation, partly because of its perceived lack of bias toward life insurance. However, in 1982, the American College in Bryn Mawr, Pennsylvania decided to create a new financial planning designation tailored to insurance professionals in an effort to level the playing field.
Financial professionals with this credential, known as the Chartered Financial Consultant (ChFC), receive a more thorough education than CFPs and are well prepared to provide comprehensive financial planning for their clients. That said, although the ChFC credential is still less well-known than the coveted CFP, over 40,000 financial professionals proudly carry the ChFC designation behind their names. Any financial professional who desires to increase his or her knowledge and competence can benefit greatly from obtaining the ChFC designation.
The ChFC designation is most appropriate for financial advisors who value a thorough financial education over professional marketing. More financial advisors at the major firms are ditching their positions at companies like Bank of America and Morgan Stanley to launch their own practices or join one already established, in part, because of the allure of an ownership stake in a private practice,” writes Wursthorn. If you do not have the elements I laid out above for someone to be their own financial advisor, it most probably should not be entertained as a possibility. As a Chartered Financial Consultant®, I was required to take the same courses as the CFP candidates, plus a few additional courses.