Latest news with #CertifiedFinancialPlanner®
Cision Canada
2 days ago
- Business
- Cision Canada
FP Canada™ Announces Changes to Board of Directors
, CFP ® has been appointed Chair of the FP Canada Board; Christopher Dewdney, CFP, has been appointed Vice Chair. Paul Lalonde, and Jeff Cormier, CFP, are joining the FP Canada Board of Directors as new members. TORONTO, June 19, 2025 /CNW/ - FP Canada today announces changes to its board. Teresa Black Hughes, CFP, has been appointed Chair of the FP Canada Board of Directors. She will replace Ronald Harvey, CFP, who will serve as Past Chair. Christopher Dewdney, CFP, will serve as Vice Chair. Two new members, Paul Lalonde, and Jeff Cormier, CFP, will also be joining the board, while Yves L. Giroux, will be departing. New Chair (and former Vice Chair) Teresa Black Hughes has been a member of the board since 2020. Ms. Black Hughes is a Financial Advisor and Portfolio Manager at RGF Integrated Wealth Management. She has over 35 years of experience providing financial advice and is based in Vancouver, B.C. Christopher Dewdney is the new Vice Chair of the FP Canada Board. He's Principal and Founder of Dewdney & Co., a boutique financial planning firm in Toronto, ON, and has been practicing for over 20 years. He's been a member of the board since 2021. New board member Paul Lalonde, is Head of BMO Wealth Planning, Trust and Insurance Advisory Services, Financial Planning. He has over 20 years of experience in wealth management and earned his Financial Planner ( designation in 2011. Jeff Cormier, CFP, is also new to FP Canada's board. Mr. Cormier is President and Senior Financial Planner of Group financier Cormier Wealth Management, a position he's held since 2009. He's been a Certified Financial Planner ® professional since 2008. "Volunteers who possess high levels of relevant knowledge and expertise are critical to the success of FP Canada's board," says Tashia Batstone, FP Canada President and CEO. "Paul and Jeff bring unique perspectives to their new roles as board members, which are informed by their past and ongoing achievements in financial services as well as their many strengths as leaders in the industry. I'm excited to see how their contributions will help shape FP Canada as we continue to work toward our mandate." An additional change will see the departure of Ronald Harvey from his role as chair. He'll be taking on the position of Past Chair for the next year, which entails, in part, providing counsel to the new Chair. Yves Giroux, who has been a member of the board of directors since 2019, will also be leaving the board, as his terms have ended. "Ron and Yves have made invaluable contributions to the board," says Teresa Black Hughes, Chair of the FP Canada Board of Directors. "Their insights, which were greatly admired by their fellow board members, have been a testament to their ongoing dedication to the financial planning profession. I'd like to thank Ron and Yves on behalf of the board and FP Canada—and wish Yves all the best in his future endeavours." The FP Canada Board of Directors is composed of individuals with varied backgrounds relevant to FP Canada's mandate. In addition to Ms. Black Hughes, Mr. Dewdney, Mr. Lalonde, and Mr. Cormier, current members include Susan Howe, CFP (Director, Financial Planning at Royal Bank of Canada), Moira Klein-Swormink (Principal, Branch Development, Edward Jones in Canada), Denise McEachern, QAFP ® (Assistant Vice President, Strategic Business Growth & Practice Management at Sun Life Financial), Winston Maharaj (retired executive), Julie Raîche, (Vice President, Personal Banking, Eastern Quebec at National Bank), Susan Silma (who leads client engagement at OMERS), and Nira Sivakumar (Partner, Deloitte). Established in 1995, FP Canada is a national not-for-profit education, certification and professional oversight organization working in the public interest. FP Canada is dedicated to championing better financial wellness for all Canadians by leading the advancement of professional financial planning in Canada.
Yahoo
03-06-2025
- Business
- Yahoo
Cable Hill Partners, Oregon-Based $2 Billion RIA, Joins Coldstream
Combination of Culturally Aligned Firms Enhances Comprehensive Individual, Family and Institutional Client Service Experiences Partnership Represents Coldstream's Third Major Expansion in Portland Market SEATTLE, June 3, 2025 /PRNewswire/ -- Coldstream today announced it has combined with Cable Hill Partners, LLC (Cable Hill), a Portland, Oregon-based investment advisory firm managing approximately $2 billion in client assets. Founding Partners David Christian and Brian Hefele own and operate Cable Hill, which offers investment advisory services to high-net-worth individuals, trusts, estates, charitable organizations and businesses. The firm also provides comprehensive retirement plan support. Christian also serves as Chief Growth Officer. "In working with David, Brian and the rest of the Cable Hill team, it has become clear that we share very similar values of independence and service," said Kevin Fitzwilson, Coldstream's Managing Shareholder. "Cable Hill's approach is completely complementary to our comprehensive offerings and bringing them aboard advances our strategy to deliver a full range of financial services for individuals and institutions as an independent and employee-owned firm. I look forward to what we can accomplish together." The Cable Hill team comprises 29 professionals, including 13 advisors and 16 support staff, who will become shareholders of Coldstream as part of the partnership arrangement. Supporting $13 billion in total client assets, the combined entity includes 40 Certified Financial Planner® professionals (CFP®), 15 Chartered Financial Analysts® (CFA®), and 22 certified public accountants (CPA), along with 19 individuals who earned an MBA and six with JD degrees. "Over the past several years, we have carefully considered how to continue to serve our clients' evolving needs and grow our business while staying true to our deeply held values," said Christian. "While there were several firms that wanted to help us reach the next phase of our business, Coldstream was the only partner we considered. I've worked with their leadership for years and their vision for this industry, independent ownership structure and approach to team building give us exactly what we need to better serve our individual and institutional clients." Last year, Coldstream announced a successful merger with Harrison Berkman Claypool & Guard and its $500 million AUM RIA, HBC Financial Services. This combination enhanced Coldstream's tax service offering, which the firm launched after its merger with Seidman Capital Group and Hersman Serles Almond, LLC in October 2023. These services are available as part of Coldstream's Tax & Consulting service line. Recently, the firm renamed its investment banking offering to Coldstream Capital Partners, as part of a larger effort to deliver a complete set of financial services for individuals and families, as well as institutional clients under the Coldstream brand. The combination with Cable Hill Partners will enhance Coldstream's ability to provide retirement plan services to its institutional clients. Hefele added, "Finding a home where we could more efficiently and comprehensively support our individual and institutional clients was a major consideration as we looked toward the future, and Coldstream's holistic approach delivers a unique opportunity to enhance the way we serve our diverse client base." This merger closed on June 1. The terms were not disclosed. Cable Hill Partners was represented by DeVoe & Company, a leading consulting firm and investment bank to RIAs. About ColdstreamColdstream is a family of complementary organizations under the umbrella of Coldstream Holdings. We offer our clients a well-rounded approach to financial services through this trusted group of partners and is employee-owned and independently operated. Founded in 1996 in Bellevue, Washington as Coldstream Capital Management, Inc., our company began with one mission: enhancing clients' lives and providing them peace of mind and has been earning the trust of clients since 1996. Coldstream has offices in seven locations across four states. For more information, please visit Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®. CERTIFIED FINANCIAL PLANNER™ and CFP® in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Media Contact:Donald Cutler / Michael DuganHaven Tower Group LLC424 317 4864 or 424 317 4852dcutler@ or mdugan@ View original content: SOURCE Coldstream
Cision Canada
29-05-2025
- Business
- Cision Canada
FP Canada Standards Council™ Releases its 2024 Report
The FP Canada Standards Council 2024 Report outlines enforcement activity, the latest developments related to certification paths and exams, and other key updates from the Standards Council, which sets, maintains and enforces financial planning standards in the public interest. TORONTO, May 29, 2025 /CNW/ - The FP Canada Standards Council has released its 2024 Report, which provides an overview of activities and initiatives during the 2024 year. The Standards Council, which is a division of FP Canada™, sets the certification requirements for Certified Financial Planner ® professionals and Qualified Associate Financial Planner™ professionals in Canada. In addition, it maintains and enforces financial planning standards in the public interest, thereby fostering trust in the financial planning profession. The report provides an overview of complaint and disciplinary activity in 2024, along with updates on trends observed by the enforcement department and the independent panels that support the Standards Council. It also highlights recent developments related to certification paths and certification exams. Here are a few key highlights of the Standards Council's activities in 2024: Updates to the FP Canada Standards Council Standards of Professional Responsibility, including the addition of two new Rules of Conduct, a new Practice Standard, and comprehensive updates to all Practice Standards for relevance and clarity. The changes were approved by the Standards Panel in March of 2024 and took effect June 1, 2024. The publication of new guidance related to the withdrawal of services, and two Rule interpretation bulletins in connection with new Rules of Conduct introduced in June 2024. FP Canada and the Institute of Financial Planning in Québec each launched new paths streamlining the process for Certified Financial Planner professionals to earn the financial planning diploma required for the designation, and for designation holders to earn CFP ® certification. The paths help bolster the organizations' joint efforts to create national standards for professional financial planning. Ongoing engagement with more than 230 volunteers who contributed to activities such as exam development and scoring, maintaining the Standards of Professional Responsibility, and complaint screening and hearing panel activities. "In 2024, the FP Canada Standards Council focused on continuing to strengthen financial planning standards in the interest of all Canadians," said Damienne Lebrun-Reid, General Counsel and Head of the FP Canada Standards Council. "As the financial planning profession evolves, ensuring that ethical and professional standards continue to be relevant and clear supports CFP professionals and QAFP ® professionals in providing financial planning services in the public interest." View the full Standards Council 2024 Report on the FP Canada website. About FP Canada Established in 1995, FP Canada is a national not-for-profit education, certification and professional oversight organization working in the public interest. FP Canada is dedicated to championing better financial wellness for all Canadians by leading the advancement of professional financial planning in Canada. About the FP Canada Standards Council A division of FP Canada, the FP Canada Standards Council establishes and enforces financial planning standards, sets the certification requirements for professional financial planners and develops and delivers certification exams. The FP Canada Standards Council ensures that professionals certified by FP Canada―Certified Financial Planner professionals and Qualified Associate Financial Planner professionals―meet appropriate standards of competence and professionalism through requirements of education, exam, experience, and ethics.
Business Wire
02-05-2025
- Business
- Business Wire
The Standard Names Mike Nanz Regional Vice President in Retirement Plans
PORTLAND, Ore.--(BUSINESS WIRE)-- The Standard welcomes Mike Nanz as a regional vice president in Retirement Plans. In this role, he will collaborate with advisors, plan sponsors and third party administrators within an assigned territory in Pennsylvania. 'Mike is joining The Standard at an exciting time,' said Derek Fuller, divisional vice president at The Standard. 'His strategic skillset and range of experience with building mutually beneficial relationships will be an asset to our partners.' Share Nanz has more than 20 years of experience in the retirement industry and sales leadership, with previous roles as senior retirement sales executive at T. Rowe Price and regional sales director at Empower. He earned a bachelor's degree in finance and international business from Pennsylvania State University and holds FINRA Series 7 and 66 licenses. Nanz also earned the Certified Financial Planner ® and Certified Retirement Plan Counselor ® designations. 'Mike is joining The Standard at an exciting time,' said Derek Fuller, divisional vice president at The Standard. 'His strategic skillset and range of experience with building mutually beneficial relationships will be an asset to our partners.' About The Standard The Standard is a family of companies dedicated to helping customers achieve financial well-being and peace of mind. In business since 1906, we are a leading provider of financial protection products and services for employers and individuals. Our products include group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and group vision insurance, absence management and paid family leave services, retirement plans products and services and annuities for employers and individuals. For more information about The Standard, visit and follow us on LinkedIn and Instagram. The Standard is the marketing name for StanCorp Financial Group, Inc., and its subsidiaries. StanCorp Equities, Inc., member FINRA, wholesales a group annuity contract issued by Standard Insurance Company and a mutual fund trust platform for retirement plans. Standard Retirement Services, Inc., provides financial recordkeeping and plan administration services. Investment advisory services are provided by StanCorp Investment Advisers, Inc., a registered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc., and StanCorp Investment Advisers, Inc., are subsidiaries of StanCorp Financial Group, Inc., and all are Oregon corporations.
Forbes
01-05-2025
- Business
- Forbes
Where Are You Getting Your Financial Advice?
The difference between finfluencers and a Certified Financial Planner® professional is that finfluencers are salespeople. The other day, I happened across a financial radio show while driving home from work. The caller was a young, intelligent woman who was trying to get out from under a crushing amount of debt that she and her husband had accumulated. The host asked if she'd completely lost her mind, then berated her for getting into such a situation and told her she deserved to be scared. This really upset me. Professional financial advisors would never respond this way. But hosts like this can get away with it because the people they're advising won't show up in their office next week. They don't have the day-to-day responsibility for their financial success. There's no accountability. It's strictly entertainment, and it's okay if someone gets shamed and yelled at. The king of yelling is on CNBC. Jim Cramer's rants are epic, and his show Mad Money features more shouting than a Liverpool-Manchester United soccer match. Every time I tune in, I'm half expecting him to drop dead of a heart attack. (By the way, I never ring a bell when I make a stock purchase or shout, 'Booyah!') In an interview with Jon Stewart in 2009, Cramer said this: 'I'm not Eric Sevareid. I'm not Edward R. Murrow. I'm a guy trying to do an entertainment show about business for people to watch.' I'd like to believe that people watch him primarily for entertainment, not financial advice, but I'm not so sure about that. These are just two examples. I could go on and on. No matter who it is, there's always some degree of yelling and an undercurrent of accusations such as 'You're dumb' or 'You don't know what you're doing.' If you watch or listen long enough, you start to believe that, and it gradually beats you down. Even worse, since there's no filter or fact-checking on social media, some influencers are supplying financial information or advice that's misleading or just plain wrong. In 2022, Kim Kardashian agreed to pay $1.26 million to the Securities and Exchange Commission (SEC) to settle a charge of unlawfully promoting EthereumMax, a crypto asset security, on her Instagram account. Her original post had included a link to a website that provided instructions for buying the tokens. Kardashian did not disclose she was being paid for the promotion. The number of fans who took Kardashian's advice and lost money in the volatile crypto market is unknown. But given how many women are getting Botox and butt lifts, I'm guessing it was quite a few. analyzed 350 videos from so-called 'finfluencers' (financial influencers) on social media and found that 74 percent contained 'poor, misleading, high risk, or potentially harmful' advice. The difference between these finfluencers and a Certified Financial Planner® professional like me is that finfluencers are salespeople. Whether they're pushing a specific financial product or their personal brand, your connection with them is purely transactional. You're a follower, a listener, and maybe even a buyer of whatever it is they're promoting. But even though it may feel like you have a relationship with them, you don't. They don't know you, and they don't care about you. So, how can their advice ever apply to you? It's like a doctor giving you a diagnosis without knowing your medical history and vitals. There is no stigma or shame if you're fifty-five and your 401(k) is underfunded or if you don't even know what a 401(k) is. Don't stand for being labeled as an 'unsuccessful' investor by the financial 'experts.' And never forget that their primary goal is to entertain and enrich themselves. Securities offered through Raymond James Financial Services, Inc., memberFINRA/SIPC. Investment advisory services are offered through Raymond JamesFinancial Services Advisors, Inc. Evans Wealth Strategies is not a registeredbroker/dealer and is independent of Raymond James Financial Services. Every investor's situation is unique, and you should consider your investmentgoals, risk tolerance and time horizon before making any investment. Prior tomaking an investment decision, please consult with your financial advisor aboutyour individual situation. You should discuss any tax or legal matters with theappropriate professional. The foregoing information has been obtained from sources considered to bereliable, but we do not guarantee that it is accurate or complete, it is not astatement of all available data necessary for making an investment decision, and itdoes not constitute a recommendation. Any opinions are those of Mary ClementsEvans and not necessarily those of Raymond James. Evans Wealth Strategies 1134 Pennsylvania Ave., Emmaus, PA 18049610-421-8664
