CFP

CFP Board Imposes Public Sanctions on Nine Additional Individuals

Retrieved on: 
Friday, April 5, 2024
Other Professional Services, Personal Finance, Finance, Asset Management, Consulting, Accounting, Professional Services, Business, Failure, General ledger, NAC, Counsel, Professional services, FINRA, Consent decree, Consent, Employment, Form, Seriousness, Enforcement, Censure, Calendar, Social Security, Documentation, Letter, District court, Code, Commission, Administration, Ethics commission, Associate, DEC, Motion, Complaint, Social, CFP, AWC, Financial Industry Regulatory Authority, Financial adviser

Robert P. Baffa Jr., CFP® (Las Vegas, Nevada): In January 2024, the Disciplinary and Ethics Commission (Commission) issued an order in which Mr. Baffa received a Public Censure.

Key Points: 
  • Robert P. Baffa Jr., CFP® (Las Vegas, Nevada): In January 2024, the Disciplinary and Ethics Commission (Commission) issued an order in which Mr. Baffa received a Public Censure.
  • Pursuant to his Consent Order with CFP Board, the Commission issued Mr. Ercole an Order of Public Censure.
  • Pursuant to this Consent Order with CFP Board, the Commission issued Ms. Hayut a Suspension of One Year and One Day.
  • This sanction followed the expiration of Mr. Kirkpatrick’s CFP® certification and his failure to file an Answer to CFP Board Enforcement Counsel’s Complaint within the required time frame.

CFP Board Imposes Interim Suspension on Timothy W. Leveroni of Braintree, Massachusetts

Retrieved on: 
Friday, April 5, 2024
Other Professional Services, Personal Finance, Finance, Asset Management, Consulting, Accounting, Professional Services, Business, Failure, Consent, Certification, Ethics commission, DEC, Petition, Record, Code, Motion, Commission, Counsel, Financial Industry Regulatory Authority, Respondent, CFP, FINRA, Revocation, AWC

Certified Financial Planner Board of Standards, Inc. (CFP Board) announced that it has imposed an interim suspension of the CFP Board certification against Timothy W. Leveroni, which is effective as of March 15, 2024.

Key Points: 
  • Certified Financial Planner Board of Standards, Inc. (CFP Board) announced that it has imposed an interim suspension of the CFP Board certification against Timothy W. Leveroni, which is effective as of March 15, 2024.
  • On February 13, 2024, CFP Board Enforcement Counsel filed a Petition for Interim Suspension (Petition) pursuant to Article 2.1.a.1.
  • An interim suspension is a suspension of a CFP® professional’s certification and trademark license during the pendency of CFP Board enforcement proceedings.
  • A Respondent subject to an Interim Suspension Order must not use the CFP Board certification marks, state or suggest that Respondent is a CFP® professional, or hold out to the public as being certified by CFP Board while the Interim Suspension Order is in effect.

Elements Partners with XYPN to Empower Independent Financial Advisors

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Apps, Applications, Technology, Mobile, Wireless, Software, Finance, Fintech, XY, Benchmarking, Growth, Partnership, Data collection, Retirement, Dream, CFP, Marketing, Financial adviser

Elements , a financial vitals system that helps financial advisors serve clients faster, today announced its strategic partnership with XY Planning Network (XYPN), the only turnkey advice and planning platform that makes it possible for fee-only financial advisors to build the independent firm of their dreams with complete autonomy.

Key Points: 
  • Elements , a financial vitals system that helps financial advisors serve clients faster, today announced its strategic partnership with XY Planning Network (XYPN), the only turnkey advice and planning platform that makes it possible for fee-only financial advisors to build the independent firm of their dreams with complete autonomy.
  • This partnership is set to enhance the capabilities of more than 1,800 independent financial planners supported by XYPN, providing them with cost-effective access to the Elements platform.
  • The partnership between XYPN and Elements introduces a strategic advantage for financial advisors, giving them exclusive access to premier financial diagnostics software at substantially discounted rates.
  • “Our partnership with Elements will provide XYPN advisors with a new kind of financial monitoring tool, that supports these exact financial planning needs and is in strategic alignment with XYPN’s mission to expand our members’ ability to provide equitable and accessible financial advice."

CFP Board Imposes Public Sanctions on Nine Individuals

Retrieved on: 
Friday, April 5, 2024
Other Professional Services, Personal Finance, Finance, Asset Management, Consulting, Accounting, Professional Services, Business, GroupMe, Family, United States bankruptcy court, Counsel, Paramus, New Jersey, Assault, FINRA, Employment, Bankruptcy, Supreme court, Assault and battery, Average revenue per user, Telephone, Publishing, Code, Commission, Financial institution, Suspension, Ethics commission, Abuse, Household, DEC, Motion, Complaint, Superior court, CFP, Hearing, Financial Industry Regulatory Authority, Nursing

Joseph Tomczyk, CFP® (Paramus, New Jersey): In November 2023, the Disciplinary and Ethics Commission (Commission) issued an order in which Mr. Tomczyk received a Public Censure.

Key Points: 
  • Joseph Tomczyk, CFP® (Paramus, New Jersey): In November 2023, the Disciplinary and Ethics Commission (Commission) issued an order in which Mr. Tomczyk received a Public Censure.
  • In accordance with Article 3 of CFP Board’s Procedural Rules, CFP Board Enforcement Counsel delivered to Mr. Tomczyk a Complaint for Single Bankruptcy.
  • Mark A. Witaschek (Bedford, New Hampshire): In October 2023, CFP Board issued an order in which Mr. Witaschek received a Suspension that prohibits him from using the CFP Board certification marks for five years.
  • After taking the March 2021 CFP® exam, Mr. Basu posted a summary of the exam topics and other content from his CFP® exam to the chat group.

CFP Board Imposes Interim Suspension on Edward Steven Mercer of Coral Springs, Florida

Retrieved on: 
Friday, April 5, 2024
Other Professional Services, Personal Finance, Finance, Asset Management, Consulting, Accounting, Professional Services, Business, Failure, Consent, Certification, Ethics commission, DEC, Code, Motion, Commission, Counsel, Financial Industry Regulatory Authority, Respondent, CFP, Revocation, FINRA, AWC, Financial adviser

Certified Financial Planner Board of Standards, Inc. (CFP Board) announced that it has imposed an interim suspension of the CFP Board certification marks against Edward Steven Mercer, which is effective as of January 31, 2024.

Key Points: 
  • Certified Financial Planner Board of Standards, Inc. (CFP Board) announced that it has imposed an interim suspension of the CFP Board certification marks against Edward Steven Mercer, which is effective as of January 31, 2024.
  • Counsel to the Disciplinary and Ethics Commission (DEC Counsel) issued an automatic Interim Suspension Order suspending Mr. Mercer’s right to use the CFP Board certification marks after CFP Board Enforcement Counsel provided notice to DEC Counsel that there were grounds for an automatic Interim Suspension Order.
  • An interim suspension is a suspension of a CFP® professional’s certification and trademark license during the pendency of CFP Board enforcement proceedings.
  • A Respondent subject to an Interim Suspension Order must not use the CFP Board certification marks, state or suggest that Respondent is a CFP® professional, or hold out to the public as being certified by CFP Board while the Interim Suspension Order is in effect.

CFP Board Imposes Interim Suspension on Lee Giobbie of Mount Holly, New Jersey

Retrieved on: 
Friday, April 5, 2024
Personal Finance, Finance, Consulting, Professional Services, Asset Management, Failure, Certification, Ethics commission, DEC, Crime, Code, Motion, Commission, Counsel, Respondent, Financial Industry Regulatory Authority, Enforcement, CFP, Revocation, FINRA

Certified Financial Planner Board of Standards, Inc. (CFP Board) announced that it has imposed an interim suspension of the CFP Board certification marks against Lee Giobbie, which is effective as of February 15, 2024.

Key Points: 
  • Certified Financial Planner Board of Standards, Inc. (CFP Board) announced that it has imposed an interim suspension of the CFP Board certification marks against Lee Giobbie, which is effective as of February 15, 2024.
  • After cooperating with Enforcement Counsel’s preliminary investigation, Mr. Giobbie consented to CFP Board entering an Interim Suspension Order against him.
  • Mr. Giobbie’s consent to entry of an Interim Suspension Order is grounds for an automatic Interim Suspension Order under Article 2.1.b.5.
  • An interim suspension is a suspension of a CFP® professional’s certification and trademark license during the pendency of CFP Board enforcement proceedings.

Financial Planning announces new event, Advise AI, entirely focused on AI and its uses and impact on the wealth management industry

Retrieved on: 
Wednesday, April 3, 2024
Principal, Financial plan, BET Presents: The Encore, Encore, Intelligence, Advisory Council, Salesforce, Research, AI, Security (finance), Ecosystem, Research report, Investment, CFP, FMG, Wealth

NEW YORK, April 3, 2024 /PRNewswire-PRWeb/ -- Financial Planning, Arizent's leading information resource for financial advisors and the wealth management ecosystem, has announced its brand-new conference, ADVISE AI, and the event's VIP Advisory Committee. ADVISE AI will take place October 9–10, 2024, at The Encore in Las Vegas, and registration is now open.

Key Points: 
  • NEW YORK, April 3, 2024 /PRNewswire-PRWeb/ -- Financial Planning , Arizent's leading information resource for financial advisors and the wealth management ecosystem, has announced its brand-new conference, ADVISE AI , and the event's VIP Advisory Committee.
  • ADVISE AI will take place October 9–10, 2024, at The Encore in Las Vegas, and registration is now open.
  • The program will dive deep into AI's role in scaling operations, improving client experiences and engagement, and personalizing investment solutions.
  • "ADVISE AI is the only wealth management conference entirely focused on artificial intelligence and its applications," said Brian Wallheimer, Editor-in-Chief for Financial Planning.

FP Alpha and PreciseFP Announce Partnership to Assist Financial Advisors with Advanced Planning

Retrieved on: 
Wednesday, March 27, 2024
Partnership, Software, Insurance, FP, CFP, Fed, Financial adviser

NEW YORK, March 27, 2024 /PRNewswire/ -- FP Alpha, an AI-driven advanced planning solution for financial advisors and PreciseFP, a client engagement and data gathering platform from Docupace, announced today a strategic partnership that will leverage PreciseFPs significant integration partnerships to assist advisors that are using financial planning software that is not currently integrated with FP Alpha. This will allow those advisors the ability to access and auto-populate client data from their planning software directly into the FP Alpha platform, saving hours of time and providing advisors the ability to offer advanced planning to their entire base.

Key Points: 
  • AI Advanced planning wealthtech firm, FP Alpha, will leverage digital client engagement platform, PreciseFP's key integrations, saving advisors time and expanding their advanced planning offering.
  • NEW YORK, March 27, 2024 /PRNewswire/ -- FP Alpha , an AI-driven advanced planning solution for financial advisors and PreciseFP , a client engagement and data gathering platform from Docupace, announced today a strategic partnership that will leverage PreciseFPs significant integration partnerships to assist advisors that are using financial planning software that is not currently integrated with FP Alpha.
  • This will allow those advisors the ability to access and auto-populate client data from their planning software directly into the FP Alpha platform, saving hours of time and providing advisors the ability to offer advanced planning to their entire base.
  • "FP Alpha will be issuing a limited PreciseFP license to advisors that have wanted to use our platform but wanted a more seamless integration experience with their financial planning software," says Charlie Clark, Chief Revenue Officer for FP Alpha.

Affiliated Advisors Celebrates Its Thirty Year Anniversary

Retrieved on: 
Wednesday, March 20, 2024
Growth, Alliance Royale, Affiliation, Environment, NAB, Female, Human, Acquisition, Dream, CFP, Marketing, AUA, FCM, Financial adviser

NEW YORK, March 20, 2024 /PRNewswire-PRWeb/ -- Affiliated Advisors, a leading advisor service and support platform, announced today that the firm is celebrating its 30th year in business. Founded in 1994 by the visionary financial services executive, Rita Robbins, Affiliated Advisors has evolved and grown through three decades to become an innovative award-winning platform that enables financial advisors to build the practices of their dreams.

Key Points: 
  • Affiliated Advisors has evolved and grown through three decades to become an innovative award-winning platform that enables financial advisors to build the practices of their dreams.
  • Now serving over 50 financial advisory firms, with more than 100 advisors and 60 support staff, Affiliated Advisors is one of the fastest growing OSJs for the second largest independent broker dealer Osaic Wealth.
  • Affiliated Advisors provides a comprehensive suite of business management, compliance, technology, marketing, and investment advisory solutions and services; with direct access to experienced professionals, skilled in helping advisors streamline their workflows.
  • Some of Affiliated Advisors' milestones include:
    1994 – Rita Robbins establishes Affiliated Advisors as a new affiliation model and support platform for financial advisors that has now become one of the most successful ways for advisors to remain independent businesses, yet have a dynamic and comprehensive support platform that provides scale, expertise and a full-suite of solutions.

Latitude Wealth Advisors Selects Osaic for Growth Platform and Client Services

Retrieved on: 
Monday, March 11, 2024
Culture, Organization, Growth, Partnership, Ameriprise Financial, Acquisition, Business development, CRPC, MSFS, CLU, RICP, CFP, Marketing, Family, CLTC, Chfc, Financial adviser

PHOENIX, March 11, 2024 /PRNewswire/ -- Osaic, one of the nation's largest providers of wealth management services, announced the addition of Latitude Wealth Advisors ("Latitude"), a wealth management firm located in Hauppauge, New York. Latitude serves hundreds of families and businesses, representing $210 million in total client assets. The firm was formerly affiliated with Ameriprise Financial and joins Osaic through Affiliated Advisors, one of Osaic's largest enterprise OSJs.

Key Points: 
  • Former Ameriprise Firm with $210 million in Client Assets Joins Affiliated Advisors, One of Osaic's Largest Enterprise OSJs
    PHOENIX, March 11, 2024 /PRNewswire/ -- Osaic, one of the nation's largest providers of wealth management services, announced the addition of Latitude Wealth Advisors ("Latitude"), a wealth management firm located in Hauppauge, New York.
  • The firm was formerly affiliated with Ameriprise Financial and joins Osaic through Affiliated Advisors, one of Osaic's largest enterprise OSJs.
  • With the addition of Latitude Wealth Advisors, Affiliated Advisors now serves over 100 advisors and 60 staff, representing more than $4 billion in client assets.
  • We welcome Latitude to the family and congratulate Rita and her team at Affiliated Advisors for their ongoing success in attracting top-tier advisors and practices to the Osaic platform."