The AFA wishes to congratulate board member Heather Winters-Bull. She has recently been appointed to the Estate Administrator position with the Sun Valley Group.
You may contact her at:
Heather Winters-Bull
Estate Administrator
The Sun Valley Group, Inc.
480-726-9581
http://www.sunvalleygroup.com/
Arizona Care Management
480-633-1831
http://www.azcaremgt.com/
2050 South Cottonwood Drive
Tempe, AZ 85282
Fax 480-726-9582
Wednesday, January 20, 2010
Friday, January 15, 2010
Former AFA President, Roger Coventry, Joins Childers & Berg LLC
Childers & Berg, LLC
11134 W. Wisconsin Ave
Youngtown, AZ 85363
(623) 972-3819
(623) 977-0352 Fax
RCoventry@childersandberg.com
Case Law Update: Conservatorship
Division Two of the Arizona Court of Appeals held surety bond could be held liable for illegal acts of conservator prior to issuance of bond holding that guardians and conservators are responsible for pursuing assets wrongfully taken from protected person even if it means suing themselves for misappropriated assets. The Court awarded prejudgment interest against the surety but declined to award attorney’s fees to estate of protected person stating the surety had not taken an unreasonable position, the surety made good legal arguments and the law was unsettled in Arizona. Pacheco vs Hartford, 2 CA-CV 2007-0135, issued September 22, 2008.
Find this case and others Here
Thursday, January 14, 2010
13 Questions a Fiduciary Should Ask BEFORE Selecting an Investment Advisor
By Anton L. (Tony) Janik, Sr.
Registered Investment Advisor
Certified Fiduciary License #20283
In addition to having a good attorney, accountant and insurance professional, one of the most important things you can do to protect and preserve the ward’s assets is to select an independent investment advisor. Much like a primary care physician manages one’s healthcare, an experienced independent investment advisor can help you make certain that the ward’s investments remain safe, productive and meet your current needs for income. Over the next few weeks, I will pose 13 questions designed to help you choose an advisor with the proper training, skills and experience to meet your ward’s investment needs.
1. What are the Advisor’s Professional Credentials?
Ask the advisor about his professional education, experience and the length of time he has worked in the financial services business.
There are significant differences between the training, experience and credentials of stockbrokers, financial planners and registered investment advisors. Investigate carefully – don’t be confused by the titles “advisors” call themselves these days. Many stockbrokers prefer to be called Financial Advisors or Financial Consultants and insurance salespeople often call themselves Financial Planners.
If you choose to go the planner route, make certain that the Financial Planner has earned the designation as a Certified Financial PlannerTM (CFP®). Not only is a CFP® more likely to be very knowledgeable (they are required to pass a series of comprehensive exams on the subject) but they have also agreed in writing to subscribe to a certain ethical standard when dealing with clients. Also, be sure to ask how they are compensated and whether they are independent or work for a particular financial services company whose products they must sell.
Registered Investment Advisor
Certified Fiduciary License #20283
In addition to having a good attorney, accountant and insurance professional, one of the most important things you can do to protect and preserve the ward’s assets is to select an independent investment advisor. Much like a primary care physician manages one’s healthcare, an experienced independent investment advisor can help you make certain that the ward’s investments remain safe, productive and meet your current needs for income. Over the next few weeks, I will pose 13 questions designed to help you choose an advisor with the proper training, skills and experience to meet your ward’s investment needs.
1. What are the Advisor’s Professional Credentials?
Ask the advisor about his professional education, experience and the length of time he has worked in the financial services business.
There are significant differences between the training, experience and credentials of stockbrokers, financial planners and registered investment advisors. Investigate carefully – don’t be confused by the titles “advisors” call themselves these days. Many stockbrokers prefer to be called Financial Advisors or Financial Consultants and insurance salespeople often call themselves Financial Planners.
If you choose to go the planner route, make certain that the Financial Planner has earned the designation as a Certified Financial PlannerTM (CFP®). Not only is a CFP® more likely to be very knowledgeable (they are required to pass a series of comprehensive exams on the subject) but they have also agreed in writing to subscribe to a certain ethical standard when dealing with clients. Also, be sure to ask how they are compensated and whether they are independent or work for a particular financial services company whose products they must sell.
Subscribe to:
Posts (Atom)