Why is my charitable donation taxed?

Charlie Fitzgerald, CFP® completed his four year term in December as a Board Director for the Certified Financial Planner Board of Standards, Inc. The CFP Board is the organization that grants and administers the CFP® certification in the United States. Among the accomplishments during his tenure was the most significant upgrade to the Code of Ethics and Standards of Conduct in a decade. He will remain involved to a lesser extent serving on the Campaign Development Committee of CFP Board’s Center for Financial Planning.  More specifically, he will help solicit donations for the Center which endeavors to increase diversity, attract younger entrants to the profession and increase the academic stature of the profession. Well done, Charlie. Well done.

Tommy Lucas, CFP® recently spoke to the student chapter of the Financial Planning Association at the University of South Florida.  Tommy talked about how our firm’s  100% fee-only fiduciary structure allows us to avoid the most common and problematic conflicts of interests. Since most “financial advisers”  are often product salespeople, the students were interested in what a typical day for someone starting out at a firm like ours looks like. Finally, Tommy suggested that when looking for work, an aspiring financial planner should look for leaders and experts in financial planning, a top notch client service process, a good culture, a defined career path, a general time table for advancement, and an opportunity to be a part of the succession plan of the firm.