Archive | September, 2009

Weitzman’s Right to Use CFP® Certification Mark Suspended

Posted on September 30, 2009 by in General

Several months ago FPPad chronicled the activities of Matthew Weitzman (Anti-Fraud Measures Your Practice Needs and Follow Up to Fraud Prevention Practices) after the SEC alleged that Mr. Weitzman misappropriated client funds through a series of unauthorized transfers.

Today, CFP Board announced that it issued an Interim Suspension Order to Mr. Weitzman suspending his right to use the CFP® certification marks. The suspension was issued because “Mr. Weitzman failed to respond to CFP Board’s Order to Show Cause within 20 calendar days, as required by CFP Board’s Disciplinary Rules and Procedures,” according to CFP Board.

CFP Board’s will complete further investigation on the claims and likely issue further action, but until then, Mr. Weitzman is no longer able to use the CFP® certification marks in any literature, advertisements, or correspondence.

One Adviser’s Battle Against Inefficient Workflow

Posted on September 29, 2009 by in Efficiency

With increased workload and compressed margins of the last 12 months, financial advisers are looking for ways to maintain excellent client service while streamlining internal processes. One popular area for efficiency gains is the management of internal workflow.

I want to share an article published on IATechForum that highlights Laserfiche’s Avante product. Joseph Salpietro, President and CEO of Xpyria Investment Advisors (why the website domain is yannico.com is beyond me), shares his experience integrating the product into existing firm functions.

While the article features only the Avante solution (Laserfiche is one of the primary forum members), pay attention to the concepts of how the software was used to eliminate paper-pushing in the firm’s processes.

Click here to read Making Work Flow on IATechForum.

Download Education Session Materials From Schwab IMPACT® 2009

Posted on September 15, 2009 by in Professional Development

Advisers who were unable to attend the Schwab IMPACT® 2009 Conference this week can still benefit from the myriad of presentations offered during the event.

Schwab has uploaded a majority of the conferences presentation materials to this website. Slide handouts can be downloaded for free and many of the presentation audio recordings can be downloaded for $15 each.

Also, many conference attendees are providing live updates from the event through Twitter. Follow tweets from the following individuals and companies for more information, or search for updates containing the #IMPACT09 hashtag.

Tamarac 9 is Industry’s Latest Integrated Solution for Advisers

Posted on September 11, 2009 by in Portfolio Management Software, Software

Sure enough, yesterday I posted about announcements coming from technology vendors leading up to Schwab’s IMPACT 2009 Conference.

Today, Tamarac Inc., best known for their SaaS rebalancing solution, announced the release of its Tamarac Advisor® 9 platform (coverage from InvestmentNews). This platform expands on the company’s rebalancing offering to include the following technologies:

Read More…

Flood of Tech Announcements Anticipated at Schwab IMPACT Conference

Posted on September 10, 2009 by in General

Schwab’s IMPACT® 2009 Conference begins Monday next week, and buzz is already being circulated about technology announcements from wealth management vendors.

Case in point, CRM Software pre-announced its upcoming releases of Junxure 8, an updated version of its CRM software, and a new offering called Junxure Mobile, a product that allows advisors on the road to access data in Junxure 8 via laptop, Blackberry, or iPhone.

Also just announced is ExpertPlan’s launch of a new trading platform to advisors who custody assets with Schwab.

I expect the flood of announcements to last throughout the duration of the conference, and there will be too many for FPPad.com to keep up with.

Be sure to watch Schwab’s IMPACT® 2009 website for all the details.