Chairman’s Desk – Member Enthusiasm Promising

September 24, 2015 by · Comments Off on Chairman’s Desk – Member Enthusiasm Promising
Filed under: IARFC Posts 

From the IARFC Chairman – Steve BaileyBailey, Steve

Election News – Both Boards!
I try to keep most things simple but sometimes I need a score card readily within reach to be reminded of the players and on whose team they are playing. As you know, the IARFC has two Boards — the IARFC Board of Directors and the recently created MRFC Certification Board. Here are updates for both of them.

In July, members voted for a replacement on the MRFC Board. Congratulations to newly elected Justin Martin who brings a wide range of financial knowledge with him. The MRFC Certification Board is an important overseer of the process toward the accreditation of the MRFC designation.

This month, we are looking for those who wish to be considered for the IARFC Board. We have one position to fill. If you are interested, please answer the call for nominations and put your name forward. This Board guides the Association as a whole.

Plan Competition Ramping Up
Our 2016 invites to educators to enroll their students in the National Financial Plan Competition will be going out soon. After participating in the past competition and hosting it at the Speedway Club, I have a better understanding what this competition means to the students who invest time and effort into creating a financial plan. I saw the enthusiasm in the faces of the presenters and felt the impact that the competition had on their career path. And I was proud to be part of it.

We also have sent out the request for sponsorship. If you are looking for a way to give back to the Association and promote the future professionals of our industry, the plan competition is a worthy cause. You make it possible to give them a real world experience of what we do for our clients on a daily basis. Please continue to support us as we start the process again for 2016 –same venue, Charlotte Motor Speedway.

Contributions can be sent to the IARFC – c/o National Financial Plan Competition or call the IARFC office in Middletown, OH for more information. Our Sponsorship packet can be easily be downloaded from

Our Accreditation Commitment
You have probably heard that there is a delay in rolling out the MRFC Exam. We had to regroup somewhat and make sure that our exam is more than qualified to give the Association and individuals taking the exam the credibility they deserve. I am asking members to stay excited and committed to this path. Everyone on the accreditation team is working diligently towards this end goal – so when the time is right, we hope you flood us with calls to sign up as part of the “Pioneer Group”.

I recently discussed with a colleague Barry Ferguson about the MRFC designation and our accreditation process. In his opinion, now is a great time for the IARFC to seek this accredited status. The next three or four years will be a difficult time for financial consultants and having a sound credible designation will be helpful to set us apart.

Connect with Me!
I encourage personal communication with members. Your feedback helps me to know what members are thinking and what they need from the Association. Expressing your views and comments helps you feel part of the Association and allows us to thrive. Call me. Email me. I would love to hear your suggestions for the IARFC. I am available at 704.563.6844 or

New Issue of the Journal of Personal Finance Explores Retirement Preparedness

September 23, 2015 by · Comments Off on New Issue of the Journal of Personal Finance Explores Retirement Preparedness
Filed under: IARFC Posts 

Vo14Issue2lThe IARFC has just released the fourth issue of the Journal of Personal Finance by Co-Editors Wade Pfau and Joe Tomlinson.

The Fall Volume 14, Issue 2 contains six articles. Topics explored are: financial sophistication in retirement preparedness, subjective assessment of financial wellbeing, factors related to making investment mistakes in a down market, evaluation of four retirement spending models, simplifying RIA oversight and financial planning research needs. Contributors to this edition include: Kyoung Tae Kim, Ph.D., Sherman D. Hanna, Ph.D., Steven A. Sass, Ph.D., Anek Balbase, M.P.A., Thomas Cooperrider, Jorge D. Ramos-Mercado, Shan Lei, Ph.D., Rui Yao, Ph.D., CFP™, James S. Welch Jr., Guy Baker, Ph.D., Joseph A. Tomlinson, FSA, CFP™, RFC®.

Co-editor Wade Pfau, Ph.D., CFA, RFC® is a Professor of Retirement Income in the new Ph.D. program for Financial and Retirement Planning at The American College in Bryn Mawr, PA. Joseph Tomlinson, FSA, CFP™, RFC® of Financial Planning LLC Greenville, ME is an actuary and financial planner who devotes most of his time to research and writing on investments, financial products, financial planning, retirement planning, and retirement systems.

“This is the last issue for co-editor Joseph Tomlinson,” related IARFC Board Director and Adjunct Professor at Webster and North Greenville Universities, Jon M. Rogers, Ph.D., RFC®. “His dedication to this publication has been greatly appreciated by the Board of Directors and the IARFC membership.”

The Journal of Personal Finance is a member benefit of the IARFC. To order a hard copy or electronic version of the Journal, to find out more information or to review article submission guidelines, go to or contact the editors.  You can also order your hard copy directly from the IARFC Store.




Do You Need a Client Engagement Package?

September 10, 2015 by · Comments Off on Do You Need a Client Engagement Package?
Filed under: IARFC Posts 

blog graphicCLient Engagement personal
The IARFC has available reasonably priced documents for use during your initial client engagement meeting.  The package includes 7 certificates to present to individual or business prospects when engaging them as potential clients:

  • Code of Ethics – signed certificate that the consultant will abide with ethical principals
  • Non Disclosure Commitment – signed agreement to insure client confidentiality and privacy
  • Fee Schedule – sample fee schedule form
  • Financial Plan Assurance – signed assurance to provide superior personal financial planning and service
  • Financial Engagement Agreement – signed agreement engaging financial consultant and asking for the planning fee
  • Financial Plan Acceptance – signed agreement that client is completely satisfied with the plan as delivered
  • Invoice – preformatted invoice to be filled out by consultant

The Personal or Business package can be purchased from the IARFC store.  Be sure to take advantage of the special member package price.  Certificates are in Word format for easy editing.

Download  How to Close the Client Engagement  White Paper for FREE to learn how to utilize these time saving certificates.