News & Media

Survey Finds 1 in 4 Investors Lack Plan

 According to survey results reported by Investment News, a quarter of potential investors have no financial plan and, of that group, close to 40% don’t anticipate building one. The Center’s Director of Investments Melissa Joy told Investment News that she wasn’t surprised by those numbers.

If anything, I would think the number might have been higher,” she said of people who don’t have a financial strategy.  “Financial planning isn’t a new concept like it was 20 years ago.  I’m happy to hear that so many people do have a financial plan in place."

On one hand, there are the duck-and-cover investors, on the other are investors who become too complacent when the markets are rosy. That’s how Melissa described those who pay too much attention to events like the government shutdown and those that miss opportunities when the markets are strong. But ultimately, it isn’t usually a market surge or fall that triggers people to put together a financial plan, Melissa said. The most common triggers are life events. It could be preparing for retirement or helping to support an aging parent that drives investors to formalize a strategy for their assets.

If you need help with your plan, contact us here at the Center. To read more about the investor survey check out the article in Investment News:

http://www.investmentnews.com/article/20131008/FREE/131009906

Links are being provided for information purposes only.  Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors.  Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.

Curtain Call

 

The Center's Team enjoys sharing their knowledge with the press to help stories come to life, share facts and bring important topics to the forefront.  We are also honored when we are recognized by media and publications for our work and service to our profession. Here's what's new:

Investment News

Melissa Joy, CFP® was quoted in InvestmentNews on October 11, 2013, in an article titled, “Oppenheimer’s risky bond bets backfire – again,” by Jason Kephart.

Melissa Joy, CFP® was quoted in InvestmentNews on October 8, 2013, in an article titled, “Quarter of investors have no financial plan and don’t expect to have one” by Megan Durisin.

Melissa Joy, CFP® was quoted in InvestmentNews on September 22, 2013, in an article titled, “Who will be alts' best in show” by Jason Kephart.

Melissa Joy, CFP® was quoted in InvestmentNews on September 3, 2013, in an article titled, “American Funds preps a contrarian play” by Jason Kephart.

Raymond James

Matthew Chope, CFP® was interviewed for the October 2013 edition of Raymond James® AUDIOFILE titled Developing cross-generational relationships with your clients.

Investment Honor for Center Partner Melissa Joy

For the 3rd consecutive year, Partner Melissa Joy, CFP has been named to the Financial Advisor Magazine All-Star Research Managers team. She was featured in an article titled, “Uncommon Talents” written by Karen Demasters. The All-Star team recognized at the Fiduciary Gatekeeper Summit in Boston October 24-25.

Financial Advisor magazine recently asked its Financial Advisor readers to nominate the research managers they think are doing the best job. Selection for 2013 All-Star Research Managers team was based on those nominations.

Curtain Call

 

The Center's Team enjoys sharing their knowledge with the press to help stories come to life, share facts and bring important topics to the forefront.  We are also honored when we are recognized by media and publications for our work and service to our profession. Here's what's new:

Wall Street Journal

Timothy Wyman, CFP®, JD was quoted in the Wall Street Journal on July 22, 2013, in an article titled, “Detroit’s Bankruptcy as a Teachable Moment” by Veronica Dagher.

Center Included in 2013 Financial Advisor Magazine's Top RIA Ranking

Center for Financial Planning, Inc. has been recognized among the nation's top-ranked investment advisory firms for the past four consecutive years.

Financial Advisor Magazine ranks the top registered investment advisory firms (RIAs) across the country based on a survey of firms' assets under management and percentage of growth.

Curtain Call

 

The Center's Team enjoys sharing their knowledge with the press to help stories come to life, share facts and bring important topics to the forefront.  We are also honored when we are recognized by media and publications for our work and service to our profession. Here's what's new:

Detroit Free Press

Timothy Wyman, CFP®, JD was quoted in the Sunday Free Press on June 27, 2013, in an article titled, “Pension safety net won’t help City of Detroit retirees” by Susan Tompor.

Online Trading Academy

Laurie was quoted on Online Trading Academy on July 8, 2013, in an article titled, “Finance Advice for Grads” by Paige Reinsel.

Curtain Call

 The Center's Team enjoys sharing their knowledge with the press to help stories come to life, share facts and bring important topics to the forefront.  We are also honored when we are recognized by media and publications for our work and service to our profession. Here's what's new:

Detroit Free Press

Timothy Wyman, CFP®, JD was quoted in the Sunday Free Press on June 9, 2013, in an article titled, “Detroit retirees fear city will break pension promises,” by Susan Tompor.

Investment News

Melissa Joy, CFP® was quoted in Investment News on May 29, 2013 in an article titled; "Advisorsshrug off proxy season in favor of cost, performance data'" by Jason Kephart.

Hour Detroit Magazine

Center team members Dan Boyce, CFP®, Matt Chope CFP®, Sandra Adams CFP®, Laurie Renchik CFP®, and Julie Hall CFP® received recognition by Five Star Professional in the June 2013 issue of Hour Detroit Magazine. They were named to the 2013 Five Star Wealth Managers list, a select group of wealth managers in the Detroit area.

Five Star Award is based on advisor being credentialed as an investment advisory representative (IAR), a FINRA registered representative, a CPA or a licensed attorney, including education and professional designations, actively employed in the industry for five years, favorable regulatory and complaint history review, fulfillment of firm review based on internal firm standards, accepting new clients, one- and five-year client retention rates, non-institutional discretionary and/or non-discretionary client assets administered, number of client households served.

Marilyn Gunther, CFP® Receives Recognition

 In the immediate future, women’s wealth will be on the rise.  As reported by wealthmanagement.com, the global wealth owned by women is projected to grow 8 percent per year through 2014, “And just about every wealth management firm wants a piece of that pie.” The same article names the Center and one of our own founding partners Marilyn Gunther, CFP® to the Top 50 Women-Owned RIA’s (Registered Investment Advisor) in 2013. Marilyn is lauded as a trail-blazer in an industry that has long been dominated by men.  In fact, she vividly remembers the first Raymond James meeting she attended because there were five women in a room filled with men.

The welcome recognition underscores what we at the Center have always known:  Helping women manage their personal wealth is not only fundamental to our business, but it comes naturally. That’s because we have key female players at our helm.  In fact, of our 19 team members, 14 of them are women!  We can truly say we understand what women want. And according to wealthmangement.com, statistics say 61 percent of female business owners prefer to work with women advisors. Does that give us a leg up? We think our long list of female investors is all the proof we need.

The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Center for Financial Planning, Inc. and not necessarily those of RJFS or Raymond James. Candidates had to meet the following requirements: they directly own at least 25 percent of their firm, and that their firm has no more than 50 percent institutional clients and have some individuals for whom they do financial planning. Also, none operate a broker/dealer or are affiliated with a bank or investment company. REP.’s Top 50 Women RIAs list was assembled using data from SEC filings and Meridian-IQ (in which Penton Media has a stake). Advisors are ranked by their firm’s total assets under management.

The Center Curtain Call

 The Center's Team enjoys sharing their knowledge with the press to help stories come to life, share facts and bring important topics to the forefront.  We are also honored when we are recognized by media and publications for our work and service to our profession. Here's what's new:

Top 50 Women Owned RIA's in 2013

Marilyn Gunther, CFP® and The Center were named to REP’s Top 50 Women RIAs list for 2013.

Candidates had to meet the following requirements: they directly own at least 25 percent of their firm, and that their firm has no more than 50 percent institutional clients and have some individuals for whom they do financial planning. Also, none operate a broker/dealer or are affiliated with a bank or investment company.

REP.’s Top 50 Women RIAs list was assembled using data from SEC filings and Meridian-IQ (in which Penton Media has a stake). Advisors are ranked by their firm’s total assets under management.

Financial Planning Magazine

Marilyn Gunther, CFP® and Laurie Renchik, CFP®, MBA were quoted in Financial Planning Magazine on April 2, 2013 in an article titled, "Safer Strategies for Leveraged Investing" by Donald J. Korn.

Morningstar Advisor

Melissa Joy, CFP® was quoted in the April 2013 Morningstar Advisor in an article titled, "Risk Preparedness."

Raymond James® AUDIOFILE

Daniel Boyce, CFP® was interviewed for the April 2013 edition of Raymond James® AUDIOFILE titled Multigenerational Planning to Enable Enduring Family Legacies.

Curtain Call

 The Center's Team enjoys sharing their knowledge with the press to help stories come to life, share facts and bring important topics to the forefront.  We are also honored when we are recognized by media and publications for our work and service to our profession. Here's what's new:

Observer & Eccentric

Troy Wyman, CFP® was recognized as 2013 Secretary for Birmingham Bloomfield Chamber Executive Board in Hometown Life on January 20, 2013 in an article titled, "Chamber names new officers." 

Investment News

Melissa Joy, CFP® was quoted in Investment News January 13, 2013 in article titled, "Gaffney blazes her own trail" by Jason Kephart.

Investors should consider the investment objectives, risks, charges and expenses of an investment company carefully before investing. The prospectus contains this and other information and should be read carefully before investing. The prospectus is available from your investment professional.

Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Any opinions presented are not necessarily those of RJFS or Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise.

Center Curtain Call

 

The Center's Team enjoys sharing their knowledge with the press to help stories come to life, share facts and bring important topics to the forefront.  We are also honored when we are recognized by media and publications for our work and service to our profession. Here's what's new:

In the News

Melissa Joy, CFP® was quoted in the Chicago Tribune on February 18, 2013 in an article titled “Focus on performance, rating rather than IRA fees” by Janet Kidd Stewart.  

2013 Five Star Wealth Manager

Center team members Matt Chope CFP®, Sandra Adams CFP®, Troy Wyman CFP®, Laurie Renchik CFP®, and Julie Hall CFP® received recognition by Five Star Professional being named a 2013 Five Star Wealth Manager.  

Five Star Award is based on advisor being credentialed as an investment advisory representative (IRA), a FINRA registered representative, a CPA or a licensed attorney, including education and professional designations, actively employed in the industry for five years, favorable regulatory and complaint history review, fulfillment of firm review based on internal firm standards, accepting new clients, one- and five-year client retention rates, non-institutional discretionary and/or non-discretionary client assets administered, number of client households served.

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