Category Archives: Practice Management

Nicholas Scheibner of Baron Financial earns CERTIFIED FINANCIAL PLANNER™ (CFP®) designation

Baron Financial Group is proud to announce that Nicholas Scheibner, a financial planner with the firm, has earned the CERTIFIED FINANCIAL PLANNER™ (CFP®) designation. Nick assists the Wealth Management Principals at Baron in developing financial plans, retirement forecasts, and cash flow analyses for our clients.

Nick is a graduate of William Paterson University where he received a Bachelor of Arts degree from the Cotsakos College of Business Financial Planner program, one of the top schools in the country that offer the program.  At William Paterson University, he started the first official student chapter of the Financial Planning Association, and was part of the winning team that took 1st place in the National Financial Planning Competition in Denver, CO.

The CFP® certification identifies professionals who have met the high standards of competency and ethics established and enforced by the CFP® Board.  CFP® professionals are required to act in their clients’ best interests and have met rigorous professional standards and have agreed to adhere to the principles of integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence when dealing with clients.

CFP® professionals have successfully completed financial planning coursework and have passed the CFP® Certification Examination covering the following areas:  the financial planning process, risk management, investments, tax planning and management, retirement and employee benefits, and estate planning.  They also agree to meet ongoing continuing education requirements and to uphold CFP Board’s Code of Ethics and Professional Responsibility, Rules of Conduct and Financial Planning Practice Standards.

“The CFP® mark truly serves as the gold standard for personal financial planning,” said CFP Board CEO Kevin R. Keller, CAE. “Just about anyone can use the term ‘financial planner.’ But only those individuals who have passed a rigorous set of criteria and meet our strict ethical qualifications can call themselves a CFP® professional.”

 About Baron Financial Group (www.baron-financial.com)

The Baron Financial Group (BFG) is an independent Fee-Only Wealth Management and financial planning firm with offices in Fair Lawn and Morristown, New Jersey, New York, New York, and Sarasota, Florida. The firm is a Registered Investment Advisor offering objective personal financial advice to individuals without the burden of commissions.

James Shagawat is The American College Alumnus of the Month

JimJames Shagawat, Baron Financial Group Wealth Management Principal, has been selected as the June 2014 American College Alumnus of the Month. Jim completed the Certified Financial Planner® program in 2013 and the Chartered Financial Consultant®  program in 2012, both through The American College.  Jim was chosen for this honor because of his commitment to education and the financial services industry,  Click here to learn more about Jim:

James Shagawat Alumnus of the Month

 

 

Baron Financial Group earns “The Five Star Wealth Manager” distinction for the fourth year in a row, as seen in New Jersey Monthly magazine

Emblem_Horizontal-WM2014

Baron Financial Group is proud to announce that all four partners of the firm received the  2014 Five Star Wealth Manager Award, the fourth year in a row they have received this recognition.  The Baron team is proud to once again be included in this select group; fewer than four percent of the 21,100 Wealth Managers in the New Jersey area were selected for this “5-Star Award”.  The list of award recipients appears in the January 2014 issue of New Jersey Monthly magazine.

To receive the Five Star Wealth Manager award, a wealth manager must satisfy 10 objective eligibility and evaluation criteria that are associated with wealth managers who provide quality services to their clients.  Each award candidate must have a favorable regulatory and complaint history review. The wealth managers do not pay a fee to be included in the research or the final list of Five Star Wealth Managers.

 The Baron Financial Group Wealth Management Principals, Anthony Benante, Victor Cannillo, Laura Mattia, and James Shagawat, hold the top credentials in the industry, including the CFA® (Chartered Financial Analyst®), CFP®  (Certified Financial Planner™) and NAPFA (National Association of Personal Financial Advisors)-Registered Financial Advisor designations, among others. For more information on the firm and its principals, visit www.baron-financial.com or call 1-800-333-6659.  They can be contacted by email at info@baron-financial.com.

 About Baron Financial Group (www.baron-financial.com):

The Baron Financial Group (BFG) is an independent Fee-Only Wealth Management and financial planning firm with offices in Fair Lawn and Morristown, New Jersey, New York, New York, and Sarasota, Florida. The firm is a Registered Investment Advisor offering objective personal financial advice to individuals without the burden of commissions.   Their clients include individuals and families, with a special expertise working with retirees, women and families with special needs.

Nick Scheibner Featured in Financial Planning Magazine

Baron Financial Group is proud to announce that Nicholas Scheibner, a Financial Planner with the firm, and a 2011 graduate of William Paterson University, was recently featured in the November 2013 edition of Financial Planning magazine.  The article by Kenneth Corbin lists the top schools in the country with programs for Financial Planners, including William Paterson University, and the need for qualified, well-educated graduates in the field of financial planning.

  As more and more members of the baby boom generation retire and seek help with retirement planning, the need for Financial Planners rapidly grows.  Nick started with Baron Financial Group in 2010, as an intern, while pursuing his degree in Financial Planning.  Now, a full time Financial Planner at the firm, Nick is a CFP® (Certified Financial Planner®) candidate, having passed the rigorous exam and working towards fulfilling the requisite years of experience. 

Our firm is fortunate to have Nick as a member of our financial planning team and proud to offer Fee-Only retirement planning with a team of financial experts, with the top credentials in the industry. 

Click here to read the article in Financial Planning Magazine Nov 2013

Baron Financial Group Attends Schwab Impact 2013

Baron Financial Group was well represented at the industry conference, Schwab Impact 2013, in Washington DC.  Included in the Baron group were interns Vanessa Franco and Peter Blehl, William Paterson University Financial Planning students.

 

Pictured left to right, in the back row Jim Shagawat, , Nick Scheibner and Victor Cannillo.  Front row, Vanessa Franco amd fellow WPU students

Pictured left to right, back row, Jim Shagawat, , Nick Scheibner and Victor Cannillo. Front row, Vanessa Franco and fellow WPU students

Baron Financial Group, a Women-Friendly Firm

Liz Skinner of InvestmentNews interviews Laura Mattia of Baron Financial Group, in the July 26, 2013 article “Women-friendly, with the seal to prove it”.  Laura discusses why Baron was chosen to receive the Women’s Choice Award for Financial Advisors, and how the firm helps educate women. The award is based on rigorous research and evaluation applying 17 objective criteria, and at the time of publication, only seven firms and advisers (only 11% of those evaluated) had qualified to receive this premier recognition.

” ‘The stamp says these people do the right thing for women,’ said Laura Mattia, a principal with Baron Financial Group LLC, which has been given the award. ”It helps them know we’ll answer every little question they ask.”

Ms. Mattia said her firm didn’t plan to make women the focus of their practice, but it found that women responded well to its focus on educating clients and hand-holding through the financial planning process.  Today, Baron Financial helps many single women, divorcees and widows – many of whom have never handled their own finances.  It also produces a monthly podcast, “Financially Empowering Women,” which attracts between 800 and 1,000 listeners.”

Click here to read the complete article

Effective Client Meetings

Laura Mattia of Baron Financial Group is featured in a Reuters’ article written by Suzanne Barlyn on May 21, 2013, discussing tips for effective client meetings.

“Keeping clients on track during one-on-one strategy sessions is often a tricky balancing act. It requires planners to acknowledge the deep emotions that are usually attached to the financial lives of their clients. At the same time, advisers must keep the discussion from straying too far from the careful decision-making that goes into every financial plan.

Many advisers manage to straddle the line…”

Click here to read the complete article

Baron Financial scores high marks in independent client survey

Our goal is to help our clients comfortably reach their goals for retirement and for life. Critical to that process is providing a consistently high level of service that meets the needs of individual clients. Client satisfaction is so important to us that we contracted an independent consultant to conduct an audit of our client base to ensure that the service we provide is appropriate. We are very pleased to say that the results were overwhelmingly positive.

Summary of Results

(All scores are out of five, with five being the highest)

  • Overall satisfaction with the relationship: 4.9
  • Calls are returned promptly: 4.8
  • Client would refer to friends, family and colleagues: 4.9
  • Fully understands my goals for the future: 4.8

According to the independent firm that conducted the survey, they rarely see the following results:

  • Marks as high as those we received 
  • Participation as high as ours
  • Non-anonymous participation as high as ours

You might also be interested to know that our clients say that the two things that are most important to them in any relationship with a financial advisor are as follows:

  • Having a clear plan in place to meet retirement goals
  • Advisor is trustworthy

We were therefore pleased to receive such high ratings on these dimensions.  

Our clients tell us it is very important to keep them up-to-date on what is happening with their portfolios and our views of the economy.  In response to this need we have increased the frequency and format of our communications even further.  In addition to our regular account reviews with our clients, they receive:

  • A quarterly educational newsletter
  • An invitation to our annual Town Hall Meeting
  • Periodic commentary sent via e-mail and postal mail
  • Scheduled conference calls
  • Reformatted statements for better understanding