The Financial Planning Association has launched its second, eight-week-long Virtual Externship program designed to attract potential new entrants to the profession and help current practitioners improve their practices.
The program, which will run through July 30, has attracted 907 students, career changers, aspiring financial planners and seasoned financial professionals, FPA said in a release.
The structured experience includes recorded and live programming each day of the business week. Lessons and case studies are assigned on that week’s topic area. Software training, office hours with practitioner mentors and technology partners, training to help students better understand the professional landscape, guidance on finding a job, and meetings with financial planning clients are also included.
Those attending and working toward CFP certification will be able to receive 180 hours toward the CFP Board’s experience requirement. Current CFP professionals will earn 12 hours of CFP continuing education credits.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
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"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
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Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
