ESG and Generational Strategies for Retirement Plan Advisers
Adviser Steve Bogner reviews ESG investing and the financial goals of younger investors.
Author:
By Steve Bogner
Over the next three decades, the Gen Xers, millennials, and Gen Zers will be the beneficiaries of some $70 trillion dollars being passed down to them by their parents and grandparents.
Retirement plan advisers should understand what distinguishes these next generation investors from the generations that preceded them.
One such distinguishing factor involves the growing importance among socially conscious investors of aligning their core beliefs with their investments when assessing a company’s commitment to sustainability.
CFP Board Adds Psychology of Financial Planning to Exam Topics
Prospective certified financial planners need to understand psychology and behavioral finance.
Author:
Apr 26, 2021 7:30 AM EDT
The Certified Financial Planner Board of Standards (CFP Board) recently added a new category titled “Psychology of Financial Planning” to the list of topics that prospective certified financial planner certificants will need to know to pass the CFP exam.
The updated topic, which will require knowledge of client and planner attitudes, values, and biases; behavioral finance; sources of money conflict; principles of counseling; general principles of effective communication; and crisis events with severe consequences, will be integrated in the education requirements for CFP certification and assessed on the CFP exam starting in March 2022.
Answering Client Questions About Investing in Gold
Financial advisers can help their clients understand the pros and cons of investing in gold and how it can fit their overall portfolio strategy.
Author:
Jan 8, 2021 7:00 AM EST
Gold and precious metals are often thought of as a store of value and a hedge against inflation. Especially in times of market volatility. financial advisers may have clients asking about investing in gold. Here are some thoughts to share with them.
How Gold Might Fit in a Portfolio
Gold can be a legitimate investment for some clients. Gold is an alternative asset and has a relatively low correlation to stocks. It can provide a good tool for portfolio diversification.