Tag Archives: Napfa

Merger Approved, Expecting Minimal Changes… Multiple Conventions …. Friday

This Tuesday, October 6, 2020 the TDAmeritrade/Schwab merger was approved by the regulators …. it’s a big merger, hence the time for final approval…

As they say, now the real work begins… we expect mostly transparency and behind the scene actions for the next 12-18 months…

Coincidentally and with good timing, the big annual convention is all on line and later this month…. any interesting findings will certainly be shared…

Speaking of convention, ANOTHER convention (NAPFA), we have never attended, has gone virtual … at the end of the month has garnered our attendance as well…

Ahhhh… but today is a Friday, heading into an early October weekend…. nice and cool here, with an injured tennis player, home for a few….

Enjoy and talk to you next week !

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

jkfinancialinc

street-cents

NAPFA – National Association Of Personal Financial Advisors – Why We joined .. FEE ONLY CLARITY

Last month we joined an association called NAPFA, short for National Association of Personal Financial Advisors.

Why we joined NAPFA

Just under a decade ago we made the decision to halt any and all commission revenue for our firm. Our business model was, and still is such, that we wereNewNAPFALogoGIF not using commissioned based products, and in our view wanted to fully align ourselves with clients. The model is called “Fee Only” and that is how we operate today.

NAPFA is very clear in their membership and their mission, which is “Fee Only.” As a long time and continued CFP (Certified Financial Planner) there has been some blurring of the “Fee Only” title lately, such our joining of NAFPA. While we could have joined NAPFA ten years ago, we did not feel the urgency until late. We now wished we would have sooner!

So Far Extremely Impressed by NAPFA

The welcome packet (geared for advisory firms such as our selves), attendance to detail for their mission statement to the public and service, has impressed us thus far. We suspect, we are rather long in the tooth (read…old) for a new member of NAPFA, but we are happy to be a member and thoroughly impressed.

For those long time clients, you may be asking … “Why we did we do this and why are we saying it?”   Just this week we ran into a decade long relationship that did not completely understand our model …. Good timing!

Entrance process and increased education requirements

To join we were mandated a detailed financial sample plan and to continue as a member we up our CE mandates from 30 hours every two years to 60.   All of which we are happy to do.

We see NAPFA as a complimentary organization that will bring addition clarity to the crazy world of finance we live and work in, not a replacement to the CFP or CFA.

If you see a NAPFA logo on our website or hear us discuss a NAPFA meeting, research paper, or other information, now you know….. The rest of the story!

Have a Great Day!

John Kvale CFA, CFP

http://www.jkfinancialinc.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225

Halloween Follow Up (Picture as promised) … Brain in AGAIN … Preview of Next week … NAPFA … Video

We hope you all had a fun and safe Halloween. As promised, Halloween being a family favorite, I have attached a picture at the bottom of this post to humor you into the weekend.

The Brain In the House AGAIN

Today “The Brain” Donald Capone is in the house once again for a very quick turnaround CFA Institute event. We will both be out of the office for most of the day due to this event.

Next Week Happenings

Next week brings our Video summary review for October…Wow… this year continues to go quickly, some interesting news on why we joined NAPFA (National Association of Personal Financial Advisors), the official Holiday Party Invite, among a few other items (26.2 on deck.)

Ahhh…but that is next week, and today is a Friday heading into a weekend. Enjoy yours, thanks for reading our writings, and do not forget to spend time with those special in your life.

Have a Great Day and a Super Weekend !

John Kvale CFA, CFP

http://www.jkfinancialinc.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225
 
Here is your Picture!!
2013 Halloween