The field of financial planning has existed for almost 50 years. It emerged when a small group of advisors working for banks, brokerage firms and insurance companies decided to band together to provide planning services to their clients rather than just selling them financial products. In December of 1969, these financial services industry leaders gathered […]
Springwater featured in the OSCPA journal “The Accountant”
The December 2016/January 2017 edition of “The Accountant”, published by the Oregon Society of CPA’s, included our article on Core Financial Planning Areas for Your Clients. The article highlights a number of areas where CPAs can assist their clients, including: – financial statements – risk management – tax management – education planning – investment management […]
Springwater co-founder completes specialized program in divorce analysis
The Institute for Divorce Financial AnalystsTM (IDFATM) has announced that Springwater principal and co-founder Jim Corbeau, MBA, CFP®, CDFA® has completed a specialized educational program in professional divorce analysis and is now a Certified Divorce Financial Analyst®. A CDFA® is an expert on the immediate and long-term financial implications of divorce. Certified Divorce Financial Analysts […]
Closing the conflict of interest loopholes for investment advice
A February 13, 2015 New York Times article highlighted the difficulties that investors – both ordinary and sophisticated – face in finding an advisor who is obligated to act in their best interests. According to the Times, “At present, many brokers do not have to adhere to the stringent fiduciary standard requiring them to act […]
How much income do you need in retirement? [video]
Marlena Lee, Vice President at Dimensional Funds, addresses the critical question of how to determine the amount of income you’ll need in retirement. Click here to watch the brief, three minute video.
Misleading lists of the “best” financial and investment advisors
Marketwatch contributor Mark Hurley recently wrote an article castigating the financial media for producing what he calls misleading lists of the “best” financial advisors. According to Hurley, more than half of firms included in a typical “best wealth managers” list are small, unprofitable and unsustainable organizations that are unlikely to be around for the long […]