A 30-second read by the Baron Team: At Baron Financial Group, we are committed to education and further advancing our knowledge of the industry to best serve our clients.
In November 2018, one of our Baron team members, Victoria Cannillo, earned the CFA Institute Investment Foundations® certificate from the CFA (Chartered Financial Analyst®) Institute to help with her role as a financial analyst as well as a member of our internal investment committee. Victoria dedicated approximately four months to learn and study the program material which culminated in a 2-hour exam.
According to the CFA Institute, “The CFA Institute Investment Foundations® Program covers the essentials of finance, ethics, and investment roles, providing a clear understanding of the global investment industry.” To read what the specific topics of the program curriculum are, click here.
To learn more about the CFA Institute and the Investment Foundations program click here. To learn more about Baron Financial Group, contact us at 201-791-6408 or at firstname.lastname@example.org.
A 30-second read by the Baron Team: Baron Financial Group strives to stay up-to-date on the current information and newest advancements available in the financial industry regarding financial planning and investment management, practice management, and security. To that end, Baron Team members attended the 2018 Schwab Impact, held in Washington, D.C. from October 28th – 31st, the financial industry’s largest gathering of experts and visionaries.
Baron advisors Victor Cannillo, Anthony Benante and Nicholas Scheibner joined the four-day event attending educational sessions on wealth management, client experience, firm operations and other topics vital to our ever-changing industry. Included among the myriad of thought leaders and keynote speakers was Janet L. Yellin, former Chair, Board of Governors of the Federal Reserve System (2014-2018).
Economic and governmental policies are dynamic; attending industry conferences helps us to remain current so that we may continue to provide a valuable service to our clients.
Nick Scheibner, a Wealth Management Advisor and CERTIFIED FINANCIAL PLANNER™ Professional with Baron Financial Group, fortifies his commitment to the fiduciary standard by becoming a NAPFA-Registered Financial Advisor. Nick joins Founder and Wealth Management Principal, Victor Cannillo at Baron Financial Group, as NAPFA-Registered Financial Advisors. Victor has held this certification since 1998.
According to the National Association of Personal Financial Advisors (NAPFA):
NAPFA membership is granted only to advisors who pass an extensive screening process and those advisors must be paid directly by their clients, without receiving conflict-inducing commissions and rewards generated from the sale of financial products.
NAPFA members live by three important values:
To be the beacon for independent, objective financial advice for individuals and families.
To be the champion of financial services delivered in the public interest.
To be the standard bearer for the emerging profession of financial planning.
NAPFA’s continuing education (CE) policy is an important part of its commitment to the highest competency standards in the industry. NAPFA-Registered Financial Advisors complete 60 hours of CE spread across a broad range of subjects every two-year CE cycle. NAPFA standards have continuously been the most rigorous in the industry for over 30 years. All NAPFA-Registered Financial Advisors are required to always work in a Fee-Only capacity. The Fee-Only structure is the best way to align compensation with a client’s needs, forgoing any and all commissions and referral fees.
A 30-second read by the Baron Team: Registered Investment Advisers (RIAs) are fiduciaries. We are legally bound to put our clients’ interests above our own. As a fiduciary, we are required to act with undivided loyalty to the client, which includes disclosure of compensation.
Not all advisors have the same legal responsibilities as a fiduciary, but can still call themselves financial planners, advisers, or consultants. Those who aren’t RIAs are not subject to the same fiduciary standard of care and are not required by law to put the client’s interests above their own. You have to ask – and should, so you’ll understand what possible conflicts of interest may arise when their real allegiance is to their firm, rather than to you.
At Baron Financial Group, we don’t accept commissions or incentives to sell investment vehicles. We provide fee-only financial planning and investment advice to serve your best interests. As fiduciaries, we are required by law to place your interests above our own.
Baron Financial Group strives to stay up-to-date on the current information and newest advancements available in the financial industry regarding financial planning and investment management, practice management, and security. The Baron Team members attended the following fall educational conferences.
Victor Cannillo, NAPFA-Registered Financial Advisor, and Nicholas Scheibner, CFP®, of Baron Financial Group, recently attended the Disrupt|Advice 2017 two-day conference in New York City, “Navigating the Present & Future of Financial Advice.” The conference focused on the notion that “wealth management is changing rapidly, and those advisers that will succeed in the long run are those who embrace, prepare for and readily adapt to change.” Topics discussed at the conference included “the myriad forces that are disrupting the world of financial advice, from digital platforms and tools, pricing pressures, regulatory pressures, innovations in practice management…”, among other topics.
Victor attended the NAPFA (National Association of Personal Financial Advisors) Fall Conference via livestreaming. NAPFA is the country’s leading professional association of Fee-Only financial advisors. The educational conference held in Orlando, Florida, livestreamed programs on income tax and retirement planning, diversification in investments, healthcare reform, estate planning, and data security, among others.
James Suazo, an Associate Financial Planner with Baron Financial Group, attended a cybersecurity workshop presented by Charles Schwab. The workshop provided insights as to what steps we should be taking to strengthen our cybersecurity program, based on the National Institute of Standards and Technology (NIST) cybersecurity framework for improving critical infrastructure. Essential topics included:
Establishing governance and roles
Cybersecurity assessment and action plan
Actions to be implemented
James also attended the FPANJ (Financial Planning Association of NJ) Fall Conference on November 1, 2017. The FPANJ discussed various topics including retirement planning, tax planning, investments, and client communication.
Economic and governmental policies are dynamic; attending industry conferences help us to remain current so that we may continue to provide a valuable service to our clients.