Planners increased pro bono work 7% during pandemic

Planners increased pro bono work 7% during pandemic
CFP holders helped 7,839 underserved individuals last year, the Financial Planning Association says.
FEB 10, 2021

Members of the Financial Planning Association who hold the certified financial planner designation helped 7,839 individuals on a pro bono basis last year, up 7% from 2019, according to the FPA.

In 2020, nearly 50 of FPA's chapters and more than 1,000 of its members delivered 14,750 hours of pro bono financial advice, the FPA said. When combining the one-on-one engagement numbers with the numbers of individuals participating in a variety of additional pro bono programs, a cumulative total of 11,637 underserved and at-risk individuals and families received support, the group said in a release.

The association said members and chapters responded to the COVID-19 crisis by adapting to the changed circumstances and offering a variety of virtual events and online venues to seek advice.

Democratizing financial planning software is next hurdle, says Innovator Tony Leal

Latest News

Alternatives gain traction in 401(k) plans as DOL rules open the door
Alternatives gain traction in 401(k) plans as DOL rules open the door

Large and mega plans show strongest appetite, but fee confusion persists.

Mass affluents are saving less in anticipation of inheritance. But there’s a big problem
Mass affluents are saving less in anticipation of inheritance. But there’s a big problem

Many people are taking a dangerous gamble with their financial future, new study warns.

Osaic's ex-CFO Kristy Britt joins PE-backed accounting firm Wipfli
Osaic's ex-CFO Kristy Britt joins PE-backed accounting firm Wipfli

Britt is named CFO of Wipfli, a $600 million accounting firm that audits two NFL franchises

YCharts acquires Informa's Zephyr to bolster SMA analytics for advisors
YCharts acquires Informa's Zephyr to bolster SMA analytics for advisors

The acquisition pairs Zephyr's 21,000-product separately managed account database with YCharts' newly launched AI agent assistant for investment research.

Advisor moves: Raymond James, Ameriprise, and Janney announce additions in Florida
Advisor moves: Raymond James, Ameriprise, and Janney announce additions in Florida

The war for talent continues in the Sunshine State with as Truist and RayJay teams managing a collective $1 billion in client assets defect to other firms.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income