The history of financial planning : the transformation of financial services / E. Denby Brandon, Jr., H. Oliver Welch.

Format:

Book

Author/Creator:

Brandon, E. Denby, 1927-

Contributor:

Welch, H. Oliver, 1935-

Language:

English

Subjects (All):

Financial planners--History.

Financial planners.

Financial services industry--History.

Financial services industry.

History.

Physical Description:

xviii, 270 pages, 8 unnumbered pages of plates : illustrations ; 24 cm

Place of Publication:

Hoboken, N.J. : John Wiley & Sons, [2009]

Contents:

Chapter 1 A New Profession Emerges 1

Before the Revolution 1

A Meeting of the Minds 3

The First Challenges 8

A College Takes Shape 9

Chapter 2 Building a Profession 15

Defending a Designation 16

Breaking Away 17

Coming Together, Growing Apart 18

Financial Crisis and Upheaval at the LAFP 20

Financial Crisis at the College 22

A Creed and a Curriculum 24

Change and Growth at the College 25

The Anthes Years 26

The ICFP Forges a Separate Identity 29

Newmark at the Wheel 32

Return to Denver 34

Chapter 3 Growing Pains 37

Changing the Message, Changing Attitudes 37

The SRO Debate and the "Real Thing" 39

Unsetded Times at the IAFP 43

Education and Ethics at the ICFP 45

Getting Off the Gravy Train 47

A Board of Standards Emerges 48

The College Hits Its Stride 52

Chapter 4 One Profession, One Designation 57

The Challenge to "Unify and Professionalize" 58

The Joint Organization Committee 60

Rebuilding Separately 62

Strengthening Professional Standards 63

College for Financial Planning Makes Key Moves 66

The Personal Economic Summit 68

New Directions 68

The Foundation for Financial Planning 71

Storm over "CFP lite" 73

Unification Revisited 76

Chapter 5 Responding to New Challenges 81

Building a New Organization 82

CFP Board Fleshes Out Its Mission 85

Crisis and Catastrophe 87

Favorable Signs 89

Financial Planning Standards Board 90

Raising the Bar for Education and Ethics 91

The Broker-Dealer Exemption 91

Global Financial Crisis 96

Transformation and Opportunity 97

Chapter 6 Global Expansion 99

First Forays 100

Financial Planning Comes to Australia 101

Japan Joins the Movement 105

IBCFP Takes Charge 106

Global Growth Accelerates 108

ISO Standard: Complement or Competition? 111

FPSB: From Concept to Reality 113

Launched at Last 115

A Tiger in the East... 116

...And a Celtic Tiger 119

Conditions for Success 120

A Global Standard Emerges 121

Chapter 7 Theory, Technology, and Process 123

The Technology Revolution 123

The Benefits of Diversification: Modern Portfolio Theory 129

The Probability Approach: Monte Carlo Simulation 131

The Balancing Act: Asset Allocation 132

Behavioral Finance 135

Life Planning and Interior Finance 137

A Proliferation of Practice Models 143

Chapter 8 The Quest for Professional Status 147

The Education of a Financial Planner 148

Educational Opportunities Expand 151

Examination: Proving Mastery 153

Experience in the Practice 153

Ethical Standards: The Early Years 154

Ethical Standards: A New Watchdog 156

Ethical Standards: Strengthening the Code 157

Ethical Standards: A Fiduciary Obligation 158

A Single Designation 161

The Compensation Question 166

Government Regulation 168

Serving a Social Benefit 173

Public and Media Recognition 175

The Quest Continues 178

Chapter 9 The Next 40 Years 181

"Is Capitalism Working?" 181

A "New Different" for Financial Planning 182

A Long Tail 184

Here Comes the Age Wave 187

Maslow Meets Retirement 188

Redefining the Model for Advice 190

The Final Frontier: Reaching the Mass Market 192

The Importance of Scale 197

New Technologies; Web 2.0 and Beyond 200

The Next Generation of Planners 202

All Eyes on Washington 204

Financial Literacy: A Radical Notion 207.

Notes:

Includes bibliographical references and index.

ISBN:

9780470180747

0470180749

OCLC:

190860135

Online:

Publisher description