Filed under: IARFC Posts
We are pleased to announce that Ric Edelman RFC® of Edelman Financial Services as the 2017 recipient of the Loren Dunton Memorial Award. This award honors a person who has made a substantial contribution to the financial services profession and/or the financial interest of the public.In bestowing the Loren Dunton Memorial Award, the IARFC recognizes Ric Edelman’s contribution to Loren Dunton’s principles and mission.
“Our nominating committee reviewed Ric Edelman’s career history and the impressive recognition he has received from both inside the financial services industry and outside organizations,” explained H. Stephen Bailey, IARFC Chairman. “Like Loren Dunton, Ric is a man of vision whose impressive accomplishments reveal a dreamer and an innovator who clearly makes a difference as he creates his life’s work.”
Ric Edelman interests are varied and prolific. His resume portrays an acclaimed financial advisor, best selling author, award winning host of radio and TV shows, an entertaining and informative educator and a giving community philanthropist. Highlights of his career reflect:
- Three times ranked the #1 independent Financial Advisor in the Nation by Barron’s
- 2012 Award by RIABIz.com – one of the 10 most influential figures in the investment advisory field
- Cover appearances on Financial Advisor and the Register industry publications
- Member of Financial Advisor Hall of fame
- Recipient of honorary doctorate from Rowan University
- #1 best-selling author with more than 1 million copies collectively in print and translated into foreign languages
- Named among the “Heavy Hundred” in the radio industry in 2014, 2015 and 2016
- TV show host of The Truth About Money, which airs on more than 200 public TV stations across the country winning 8 Telly Awards
- Educator at Georgetown University for 9 years
- Participant in many philanthropic activities as both Board Director and benefactor.
“It’s a great honor to receive the 2017 Loren Dunton Memorial Award,” acknowledges Edelman. “Improving financial literacy in America has been the focus of my life’s work for the past 30 years. My wife Jean and I founded Edelman Financial Services in 1987 and it’s been a privilege to serve our clients and provide financial education to consumers across the country who are working hard to achieve financial success. I am grateful to the IARFC for this recognition.”
Generally regarded as the “Father of Financial Planning”, Loren Dunton organized financial professionals in the late sixties and with their help created the financial planning movement. Dunton developed associations, magazines, colleges, university programs and foundations. He used his experiences to frankly explain what all financial advisors now recognize – that the ethical sales of financial products and the delivery of competent advice is a noble calling. Loren Dunton was a man of vision who cared deeply about both financial consultants and consumers.
Filed under: IARFC Posts
The International Association of Registered Financial Consultants (IARFC) spotlights the timely topic of adherence to a Code of Ethics in the January/February issue of their industry publication, the Register. Their featured consultant, Barry Dayley, RFC®, of Money Concepts International located in Afton, WY elaborates on how ethical behavior is as relevant today as when he entered financial services thirty years ago.
His time and experience in financial services has taught him that fundamentally the consumer is looking for advice they can trust. They want to work with a financial consultant who has the knowledge, experience and skills to help them achieve their personal objectives ─ one who truly cares about them.
“People want to know what to do financially, not just be sold a product,” relates Dayley. “If advice is provided in the context of a financial plan, it will establish the foundation of a trusting and lasting relationship.”
Barry encourages every RFC to memorize the five-point Code of Ethics of the IARFC. According to him it will be a clarion to guide to maintaining long-term relationships with clients, employees and associates.
IARFC Code of Ethics
|I will at all times put my client’s interest above my own.|
|I will maintain proficiency in my work through continuing education.|
|When fee-based services are involved, I will charge a fair and reasonable fee based on the amount of time and skill required.|
|I will abide by both the spirit and the letter of the laws and regulations applicable to financial planning services.|
|I will give my clients the same service I would give myself in the same circumstances.|
For the entire article, click here.