Press Releases

1st Global Shares Expert Advice on Financial Planning in a Post-DOL World in New Book

Nov 9, 2016

DALLAS--(BUSINESS WIRE)--Jeff Magson, executive vice president and client experience officer at 1st Global, an independent wealth management partner to exceptional CPA firms, was selected to contribute his expertise in a new book about financial advice. The book, titled Exploring Advice: What You Need to Know About Good Financial Advice, a Quality Financial Plan and the Role of a Fiduciary,was spearheaded by PIEtech℠, Inc., the creator of leading financial planning software MoneyGuidePro® and President Kevin Knull, CFP®.

“We are thrilled to participate in such an important industry initiative to further educate the advisor community on how to not only comply with the DOL changes but also improve the quality of service provided to clients”

Magson contributed the chapter “The Art and Science of Great Financial Planning,” focusing on:

  • Good financial advice — a goal-driven process that begins with establishing objectives.
  • Getting on board with state-of-the-art technology.
  • Addressing four types of risk.
  • The necessity of estate planning.
  • Incorporating the key tenants of behavioral finance.
  • The cost and value of exceptional financial advice.

The book, written by Knull and 39 expert contributors, shares a balanced, researched and robust exploration of best practices advisors can use to improve the quality of advice and financial plans they provide to clients. It also shows how a quality plan is an effective and prudent solution to help firms and advisors comply with the DOL Conflict of Interest Rule and fiduciary standards. Exploring Advice seeks to initiate a conversation during a time when firms and advisors seek to improve the quality of advice in an increasingly challenging environment and helps advisors examine ways to better serve the best interests of their clients.

“We are thrilled to participate in such an important industry initiative to further educate the advisor community on how to not only comply with the DOL changes but also improve the quality of service provided to clients,” Magson said. “Contributing to industry conversations and educating advisors is deeply rooted in 1st Global’s purpose, and being a part of this book was a great way to further advance those efforts.”

In this unprecedented forum, Knull brings together 39 of the industry’s most sought-after thought leaders, includingCEOs and executives from wirehouses; regional, independent and retail broker-dealers; global and regional banks; investment advisory firms; a leading ERISA attorney; and even a former commissioner of the U.S. Securities and Exchange Commission. These contributors share their unedited insights about good financial advice, the components of a quality financial plan and the role of a fiduciary in today’s environment. Data from more than 1 million plans and survey results from 1,653 financial advisors add depth and breadth to these insights.

“1st Global’s reputation and commitment to delivering good financial advice has made them a thought leader in the industry,” Knull said, “and I am honored to have Jeff Magson as a contributing author in this very important collection of insight and advice.”

For the full list of contributors and to purchase the book, please visit www.ExploringAdvice.com.

About 1s t Global

1st Global was founded in 1992 by CPAs who believe that accounting, tax and estate planning firms are uniquely qualified to provide comprehensive wealth management services to their clients. 1st Global is a research and consulting partner that provides CPA, tax and estate planning firms with education, technology, business-building framework and client solutions that make these firms leaders in their professions through dedicated professional client relationships built around wealth management. Around 400 firms have chosen to affiliate with 1st Global, making it one of the largest financial services partners for the tax, accounting and legal professions.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame logo), which it awards to individuals who successfully complete initial and ongoing certification requirements.

Securities are offered through 1st Global Capital Corp., which is a Member of FINRA and SIPC and is headquartered at 12750 Merit Dr., Ste. 1200 in Dallas, Texas, 214-294-5000. Investment advisory services are offered through 1st Global Advisors, Inc. Additional information about 1st Global is available at www.1stGlobal.com.


Contacts

KCD PR
Amanda Powers, 619-955-7759
apowers@kcdpr.com


image description

Partner with 1st Global

If your firm is committed to being a high performance market dominator, we want to learn more about you and determine if there is a fit with our services. As a leading CPA firm growth consultant, we enable qualified firms to create long-term, profitable growth.