It’s no secret that I’m incredibly interested in the development of the financial planning profession. My area of research is compensation, with a focus on financial planners. I’ve presented on career tracks and hiring at multiple national conferences, and I’ve written an Amazon best-seller on financial planner careers. It is, with some Jane Goodall-observing-the-gorillas interest that I’ve started to peruse …
Our New Associate Wealth Planner – Emily Green
We’re forgoing our usual weekly education and commentary to share some special news. Today marks the first day for our team’s new Associate Wealth Planner, Emily Green! Emily has spent the past year studying to become a wealth planner, and we’re delighted at her accomplishment and to share her promotion. For those who’ve never taken the time to learn more …
Boulder County Minimum Wage Research
For several months, an economic analysis has explored the possibility of installing a “regional” minimum wage in the Boulder county area, which would technically be implemented as a county-level and city-by-city level minimum wage, including the cities of Boulder, Erie, Lafayette, Longmont, and Louisville. Curiously, as this study got off the ground, a video produced by the research task force …
Who’s Paying Your Planner?
For those who wondered, “What happened to the blog last week? Heck, where was the blog yesterday?” The answer is as fun as it is mundane. Rather than writing a blog for July 30th, I was in Chicago attending the summer leadership meeting for the National Association of Personal Financial Advisors, or “NAPFA,” for which I sit on the west …
The Latest and Greatest in Planner Compensation
The latest study on compensation within registered investment advisers has been released, so today, we’re providing an overview of the compensation measurement changes for three entry-level and early career positions: non-licensed support (e.g., customer service, receptionist, office admin), entry-level financial planners (paraplanners, associate advisors, planning analysts), and experienced CFP® Professional Financial Planners. Non-Licensed Support Based on the data from 2022, …
Becoming a B Corp
Back in March, we shared about our application to become a Certified B Corp. As of last week, we were excited to be confirmed as a Certified B Corporation, joining several thousand businesses around the world in placing the needs of our team, clients, and our community over pure profit as a legal foundation for MY Wealth Planners®. When we …
Applying to become a B Corp
Last week, MY Wealth Planners filed its first assessment and request for review to become a certified B Corporation. Unlike an S Corporation or C Corporation, B Corporation status is not a business structure or tax election. Rather, “B Corp” is a voluntary designation to make not just profit the purpose of the company, but to address governance, workers, community …
Surrendering the CDFA
In 2019, I completed the Certified Divorce Financial Analyst designation. The designation was created to help qualified financial planners better assist their clients in the divorce process, whether complementing a collaborative divorce or helping clients keep as much on their side of the scale as possible in the division of assets on an adversarial basis. The designation included four courses …
Important Security Updates for 2024
Before you read on, give this recording a listen. Did you give it a listen? Good, it was an important demonstration. For the skim readers, what I said was: Hey, it’s Dan. Here’s the good news: we’re living in the future, and it’s a place full of exciting possibilities. The bad news? This isn’t Dan. This is an AI duplicating …
Growing into 2024
A few months ago, at the outset of the transition to the new office in the Prospect Neighborhood, we mentioned the phases of MY Wealth Planners’ development. As we closed up the end of the second phase and looked to the third phase, we stated that we would begin to confirm MY Wealth Planners’ value proposition for its clients and …