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The Planner News Briefs |
September
2008 |
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I would like to take a moment and thank everyone that worked so hard to put together our Sin City Symposium Lite! Last week was a trying time with uncertainty abound in the markets and the economy and we thank every one of the attendees for taking time from their schedules to be with us. They were certainly treated to a fantastic program to say the least. Our sponsors put together a fantastic presentation. Their booths were full of informative material and each of the sponsors were happy to share their ideas and thoughts on the. Lunch was a time for our sponsors to address the group as a whole and share their thoughts on how we can mutually benefit from each of their companies and relationships. There was also a little time for comedy. Not in the original program, but very entertaining! Our speakers were fantastic. Dan Candura kept the Ethics program educational, but entertaining and enlightening. He is a practicing CFP® and actually serves on the CFP Board, which brought a very timely insight to the changes with the Board. This was my first ethics seminar that all attendees were still awake at the end! Jeffrey Green with Laserfiche added a technical depth to the program that was eye-opening. If you are interested in stepping into the next generation of document storage and retrieval, as well as saving a ton of time and money on an on-going basis, you owe it to yourself and your firm to give him a call. The value-added proposition to your business is exponential. This tied in well to our last speaker, David Goad, regarding succession planning. Most people I spoke with did not know Mr. Goad started FP Transitions years ago and has been a pioneer in the practice valuation and transition front for years. Whether you are a sole-practitioner shop or a member of a larger group, you had plenty to gain from this presentation. Transitioning and selling practices is not an easy task. However, having the appropriate team and resources in place is priceless and can add substantial value to the bottom line. If you ever plan on transitioning your practice, retiring, or preparing for the unknown, David Goad is a great resource. Our next meeting is October 30th, which is our annual update on tax and legislation changes. This is a time of uncertainty and the need to stay on top of these changes is important for us all. We will see you there!
October 30, 12:00 PM Annual Tax Update Click here for more information or to register News Briefs We are starting to plan next year’s program. In a few days you will receive an email survey or two to help us plan our program to provide you with the best possible FPA experience. Please complete and return your survey within a day of getting it. Taking a tax loss for a business is fine,
but not for a hobby Many people engage in hobbies that they take very seriously. These activities may start out small in time and expense, but grow extensively as time passes. “Hobbyists” then may wonder whether they have become… Click here for complete article. FPA-PAC With the current economic turmoil we are reminded
that the legislature will be enacting laws that affect your profession and
your relationship with your clients.
Should your legislators understand what it is that you do and keep
that in mind before they vote? The best way to get that message to your
lawmakers is through the FPA-PAC. Click here for more
information on how the FPA-PAC is looking out for your professional
interests. Foundation for Financial Planning The Foundation for Financial Planning helps people take control of their financial lives by connecting the financial planning community with people in need. With the current economic situation, this is particularly important today. The Foundation for Financial Planning reaches out by supporting pro-bono financial planning programs and outreach activities. For more information on how The Foundation for Financial Planning is supports non-profit organizations help people in need take financial control click here. FPA Standard of Care The FPA has adopted the following standard of care required of all members in their dealings with clients. All financial planning services will be delivered in accordance with the following standard of care: v Put the client’s best interests first; v Act with due care and in utmost good faith; v Do not mislead clients; v Provide full and fair disclosure of all material facts; and v Disclose and fairly manage all material conflicts of interest. Web Advertising If you have an item you would like posted in The Planner News Briefs, email it to editor@fpanv.org. |
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