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Exam Code: AVA Accredited Valuation Analyst availability January 2024 by Killexams.com team

AVA Accredited Valuation Analyst

Exam: AVA Accredited Valuation Analyst

Exam Details:
- Number of Questions: The exam consists of multiple-choice questions and case studies.
- Time: Candidates are given a specified amount of time to complete the exam.

Course Outline:
The AVA Accredited Valuation Analyst course is designed to provide candidates with a comprehensive understanding of business valuation principles and practices. The course outline includes the following topics:

1. Introduction to Business Valuation
- Overview of business valuation concepts
- Purpose and approaches to valuation
- Legal and ethical considerations in valuation

2. Financial Statement Analysis
- Understanding financial statements and their relevance in valuation
- Analyzing financial ratios and indicators
- Adjusting financial statements for valuation purposes

3. Valuation Approaches and Methods
- Income approach: Discounted Cash Flow (DCF) analysis
- Market approach: Comparable company analysis and transaction analysis
- Asset approach: Adjusted net asset value method

4. Cost of Capital and Discount Rates
- Estimating the cost of equity and debt
- Calculating the weighted average cost of capital (WACC)
- Applying discount rates in valuation models

5. Valuation Adjustments and Considerations
- Considering control and marketability discounts
- Evaluating synergies and premiums
- Addressing specific valuation issues and challenges

6. Valuation Report Writing
- Structure and content of a valuation report
- Communicating valuation findings effectively
- Adhering to professional standards and guidelines

Exam Objectives:
The AVA Accredited Valuation Analyst exam aims to assess candidates' knowledge and understanding of business valuation principles and their ability to apply valuation methods and techniques effectively. The exam objectives include:

1. Demonstrating knowledge of business valuation concepts, approaches, and methods.
2. Applying financial statement analysis techniques to assess the financial performance and position of a company.
3. Utilizing appropriate valuation approaches and methods to determine the value of a business or its assets.
4. Understanding and calculating the cost of capital and discount rates for valuation purposes.
5. Incorporating necessary adjustments and considerations in the valuation process.
6. Writing clear, concise, and well-structured valuation reports that meet professional standards.

Exam Syllabus:
The exam syllabus covers the following topics:

- Introduction to Business Valuation
- Overview of business valuation concepts
- Purpose and approaches to valuation
- Legal and ethical considerations in valuation

- Financial Statement Analysis
- Understanding financial statements and their relevance in valuation
- Analyzing financial ratios and indicators
- Adjusting financial statements for valuation purposes

- Valuation Approaches and Methods
- Income approach: Discounted Cash Flow (DCF) analysis
- Market approach: Comparable company analysis and transaction analysis
- Asset approach: Adjusted net asset value method

- Cost of Capital and Discount Rates
- Estimating the cost of equity and debt
- Calculating the weighted average cost of capital (WACC)
- Applying discount rates in valuation models

- Valuation Adjustments and Considerations
- Considering control and marketability discounts
- Evaluating synergies and premiums
- Addressing specific valuation issues and challenges

- Valuation Report Writing
- Structure and content of a valuation report
- Communicating valuation findings effectively
- Adhering to professional standards and guidelines
Accredited Valuation Analyst
Financial Accredited availability

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Financial
AVA
Accredited Valuation Analyst
https://killexams.com/pass4sure/exam-detail/AVA
Answer: D
Question: 334
The price at which such property would change hands between a willing buyer and a
willing seller, neither being under any compulsion to buy or to sell, and both having
reasonable knowledge of relevant facts is called:
A. Fair market value
B. Appraisal value
C. Standard value
D. Financial value
Answer: A
Question: 335
Method that is commonly used in the valuation of closely held companies in order
to minimize the differences between the subject company and the guideline companies is
known as:
A. Product-line valuation method
B. Qualitative adjustment method
C. Invested capital valuation method
D. Market leverage valuation method
Answer: C
Question: 336
For a non-controlling ownership interest in Warm Chicken, which of the following factor is
considered, that have an impact on the selection of the appropriate discount for lack of
marketability?
A. Size of the block
B. Transaction activity
C. Dividends
D. All of the above
112
Answer: D
Question: 337
Which of the following is the most frequently encountered reason for needing to value
debt securities?
A. Purchase or sale for cash
B. Exchange of equity for debt, or vice versa
C. Allocating total enterprise value among classes of securities in a leveraged buyout,
recapitalization (including tax-free reorganizations), or bankruptcy reorganization
D. All of the above
Answer: D
Question: 338
Which theory states that the fair market value of an investment is equal to the present
value of the future payments, discounted back to the current time at an appropriate
discount rate?
A. Valuation
B. Investment
C. Interest payment
D. None of the above
Answer: D
Question: 339
The rate of interest that, when applied to the expected future payments on a debt security,
produces a present value of the payments equal to the debt securitys observed market
price is called the _____________ of that security.
A. Maturity of debt
B. yield to maturity
C. Interest maturity
D. Cost Maturity
Answer: B
113
Question: 340
Which of the following is the information needed for estimating the value of a closely
held debt security?
A. the amount of future payments generated by the debt security
B. the timing of the future payments generated by the security
C. the appropriate rate of interest or yield to maturity to apply to the future payments to
estimate the present value
D. All of the above
Answer: D
Question: 341
If the market-determined yield to maturity for a debt security is equal to the securitys
coupon interest rate, the securitys fair market value is equal to its face or par value.
A. True
B. False
Answer: A
Question: 342
What allows the debtor to repay the debt prior to its maturity?
A. Fund provision
B. Call provision
C. Debt provision
D. Security provision
Answer: B
Question: 343
Which provision requires the debt issuer to call or retire a contractually determined
portion of the entire debt issue periodically over time prior to the issues maturity date?
114
A. collateral provision
B. risk provision
C. sinking fund provision
D. Tax provision
Answer: C
Question: 344
A debt security that has no pledge of specific property or assets as collateral for the debt is
called:
A. debenture
B. indenture
C. convention
D. covenant
Answer: A
115
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Are you seeking assistance with your financial management? If so, you’re not alone. Many Americans could benefit from financial guidance. In fact, according to the National Financial Education Council, the average American incurs a cost of $1,200 per year due to a lack of personal finance knowledge.

Choosing a good financial advisor can help you avoid these costs and focus on your goals. Financial advisors aren’t just for rich people—working with a financial advisor is a great choice for anyone who wants to get their personal finances on track and set long-term objectives. To find the ideal financial advisor for your requirements, consider following our 5 key steps.

Related: Find A Financial Advisor In 3 minutes

Step 1: Decide What Part of Your Financial Life You Need An Advisor For

Before you speak to a financial advisor, decide which aspects of your financial life you need help with. When you first sit down with an advisor, you’ll want to be ready to explain your particular money management needs.

Keep in mind that financial advisors provide more than just investment advice. The best financial planner is the one who can help you chart a course for all your financial needs. This can cover investment advice for retirement plans, debt repayment, insurance product suggestions to protect yourself and your family and estate planning.

Depending on where you are in life, you may not need comprehensive financial planning. People whose financial lives are relatively straightforward, like young people without families of their own or significant debt, might only need help with retirement planning.

People with complex financial needs, however, may need extra assistance. They could be looking to establish college funds or trusts for their children, navigate aggressive debt payment situations or solve tricky tax problems. Not all types of financial advisors offer the same menu of services, so decide which services you need and let this guide your search.

Step 2: Learn About the Different Types of Financial Advisors

There’s no federal law that regulates who can call themselves a financial advisor or provide financial advice. While many people call themselves financial advisors, not all have your best interest at heart. That’s why you have to carefully evaluate potential financial advisors and make sure they are good for you and your money.

Part of learning about the different types of advisors is understanding fiduciary duty. Some, but not all, financial advisors are bound by fiduciary duty, meaning that they are legally required to work in your financial best interest. Other people who call themselves advisors are only held to a suitability standard, meaning they only must suggest products that are suitable for you—even if they’re more expensive and earn them a higher commission. (The SEC is trying to regulate this, though, by limiting the use of “advisor” to those who hold themselves to a fiduciary standard.)

Regardless of which kind of advisor you choose, you should make sure you know how they earn money. This helps you determine if their recommendations are actually better for you—or for their wallets.

Here’s how to think about these four types of financial advisors:

Fee-Only Financial Advisors

Fee-only financial advisors earn money from the fees you pay for their services. These fees may be charged as a percentage of the assets they manage for you, as an hourly rate, or as a flat rate.

Almost all fee-only advisors are fiduciaries. Generally speaking, they have chosen to work under a fee-only model to reduce any potential conflicts of interest. Because their income is from clients, it’s in their best interest to make sure you end up with financial plans and financial products that work best for you.

Financial Advisors Who Earn Commissions

Some financial advisors make money by earning sales commissions from third parties. Among financial advisors who earn sales commissions, some may advertise themselves as “free” financial advisors who do not charge you fees for advice. Others may charge fees, meaning they derive only part of their income from third-party commissions.

Either way, financial advisors who earn third-party sales commissions derive some or all of their income from selling you certain financial products. If you choose to work with a financial advisor who earns sales commissions, you need to take extra care.

Commission-only advisors are not fiduciaries. They work as salespeople for investment and insurance brokerages and are only held to suitability standards. In contrast, some fee-based financial advisors are fiduciaries, though it’s important to determine if they’re always acting as fiduciaries or if they “pause” fiduciary duty when discussing certain types of products, like insurance.

Related: Find A Financial Advisor In 3 minutes

Keep in mind, commissions aren’t bad in and of themselves. They’re not even necessarily red flags.

Some financial products are predominantly sold under a commission model. Take life insurance: A fee-based planner who receives compensation for helping you purchase a life insurance policy may still have your best interests at heart when advising on other financial products.

“To be clear, there’s nothing wrong with paying the commission for life insurance,” says Karen Van Voorhis, a fee-based certified financial planner (CFP) and Director of Financial Planning at Daniel J. Galli & Associates in Norwell, Mass. “That’s how the structure of that industry works.”

Purchasing financial products via financial advisors that earn commissions may be a matter of convenience, especially if someone will receive a commission regardless of where you buy the product. What’s important is understanding the difference. And if you work with a fee-based financial advisor, understand when they are acting as a fiduciary, especially when they help you purchase financial products.

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Registered Investment Advisors

Registered Investment Advisors (RIAs) are companies that provide fiduciary financial advice. RIAs employ Investment Advisor Representatives (IARs), who are bound by fiduciary duty. An RIA may have one or hundreds of IARs working for it.

IARs may call themselves financial advisors and may be fee-only or fee-based. Some may have additional credentials, including the certified financial planner (CFP) designation.

“The certified financial planner designation is really the gold standard in the financial planning industry,” says Van Voorhis. A CFP designation indicates a financial advisor has passed rigorous industry exams covering real estate, investment, and insurance planning as well as has years of experience in their fields.

Because of their wide range of expertise, CFPs are well-suited to help you plan out every aspect of your financial life. They may be particularly helpful for those with complex financial situations, including managing large outstanding debts and will, trust and estate planning.

Robo Advisors

Robo advisors offer low-cost, automated investment advice. Most specialize in helping people invest for mid- and long-term goals, like retirement, through preconstructed diversified portfolios of exchange-traded funds (ETFs).

“For younger people who are really tech-savvy, a robo advisor just to manage retirement funds could be a perfect solution,” says Brian Behl, a CFP at Behl Wealth Management in Waukesha, Wisc. “I don’t think they’re going to get as in-depth advice on insurance and retirement and taxes.”

People with complex financial needs should probably choose a conventional financial advisor, although many robo advisors provide financial planning services a la carte or for higher net-worth clients.

“While the robo advisors have really disrupted the industry…I do think there’s still a place for human advisors right now,” says Corbin Blackwell, a CFP at robo advisor Betterment.

Betterment, for example, allows clients to purchase individual financial advising sessions, and Personal Capital, Wealthsimple, and Betterment provide regular financial planning for clients with higher account balances for a management fee.

Step 3: Choose What Kind of Financial Advice You Need

Services offered by financial advisors vary from advisor to advisor, but they may provide financial advice on any of the following topics:

  • Investment advice: Financial advisors research different investment options and make sure your investment portfolio stays within your desired level of risk.
  • Debt management: If you have outstanding debts, like credit card debt, student loans, car loans, or mortgages, financial advisors will work with you to chart a plan for repayment.
  • Budgeting help: Financial advisors are experts in analyzing where your money goes once it leaves your paycheck. Advisors can help you craft budgets so you’re prepared to reach your financial goals.
  • Insurance coverage: Financial advisors may examine your current policies to identify any gaps in coverage or recommend new types of policies, like disability insurance or long-term care coverage, depending on your financial situation.
  • Tax planning: Tax planning involves strategizing ways to decrease the amount of taxes you may pay, like by large charitable donations or tax-loss harvesting. Keep in mind that not all financial planners are tax experts and that tax planning is different from tax preparation. You will probably still need a CPA or tax software to file your taxes.
  • Retirement planning: Financial advisors can help you build funds for the ultimate long-term goal, retirement. And then, once you’re retired or nearing retirement, they can help ensure you’re able to keep your money safe.
  • Estate planning: For those who wish to leave a legacy, financial advisors can help you transfer your wealth to the next generation, whether that’s family, friends, or charitable causes.
  • College planning: If you hope to fund loved ones’ educations, financial advisors can craft a plan to help you save for their higher education.

In addition to investment management and financial planning, financial advisors also offer emotional support and perspective during volatile economic times. During the beginning of the coronavirus pandemic in March of 2020, for instance, client demand for financial advisor contact increased by almost 50%.

Related: Find A Financial Advisor In 3 minutes

“I think that during these times, we can be a source of reason,” says Blackwell. “We can weather the storm. We’ve built this portfolio for a reason.”

When choosing a financial advisor, make sure they offer the services you’re looking for in your financial and non-financial lives.

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Step 4: Decide How Much You Can Pay Your Financial Advisor

It used to be that financial advisors charged fees that were a percentage of the assets they managed for you. Today, advisors offer a wide variety of fee structures, which helps make their services accessible to clients of all levels of financial means.

  • Commission-only financial advisors may seem free on paper, but they may receive a portion of what you invest or purchase as a payment. These “free” financial advisors are typically available through investment or insurance brokerages. Remember, these advisors may only be held to suitability standards, so they may end up costing what you would pay for a similar financial product suggested by a fiduciary financial advisor—or more.
  • Fee-only and fee-based financial advisors may charge fees based on the total amount of assets they manage for you (assets under management), or they may charge by the hour, by the plan, through a retainer agreement, or via a subscription model. Common average financial advisor fee rates are listed in the table below:

Step 5: Research Financial Advisors

Financial advice comes in many forms, and there are a variety of different kinds of financial professionals, so you need to do your homework. Make sure the advisor guiding your financial decisions is trustworthy and capable.

There are a few good ways to find a financial advisor. Ask friends, family and peers for recommendations when trying to find a financial advisor near you. Alternatively, look for financial advisors online. Many professional financial planning associations provide free databases of financial advisors:

When evaluating advisors, be sure to consider their credentials as well as research their backgrounds and fee structures. You can view disciplinary actions and complaints filed against financial advisors using FINRA’s BrokerCheck. And remember, just because someone is part of a financial planning association, that doesn’t mean they’re a fiduciary financial advisor.

Can Financial Advisors deliver Economic Insights?

A financial advisor can help you make decisions based on current economic conditions that you may not be aware of. In December 2023, we’re in a high-interest rate environment with inflation cooling down but still a significant factor. A financial advisor may urge you to pay off high-interest debt, take advantage of high-yield savings accounts, and continue to invest in tax-efficient accounts so you aren’t actively losing money to inflation.

Key Questions to Ask When Choosing a Financial Advisor

When meeting a financial advisor for the first time, it’s important to obtain the answers to these questions and ensure you’re satisfied with their responses:

  • Fiduciary Status: Are you a fiduciary, committed to acting in my best interest?
  • Compensation Structure: How do you make money? Understand their fee structure and any potential conflicts of interest.
  • Consistency of Fiduciary Duty: Do you always act as fiduciaries, even when selling commission-based products?
  • Financial Planning Approach: What is your approach to financial planning? Learn about their strategies and methodologies.
  • Available Services: What financial planning services do you offer? Ensure their offerings align with your specific needs.
  • Client Profile: What kind of clients do you typically work with? Confirm if they have experience catering to clients similar to you.
  • Account Minimums: Do you have any account minimums? Determine if their requirements match your financial situation.
  • Conflicts of Interest: Do you have any conflicts of interest in managing your money? Ensure transparency and alignment of interests.
  • Required Information: What information do you need me to provide to develop my financial plan? Gather relevant documents.
  • Meeting Frequency: How many times and how often will we meet? Establish expectations for ongoing communication.
  • Collaboration with Advisors: Will you collaborate with your other advisors, such as CPAs or attorneys? Coordinate efforts for comprehensive financial management.

Related: Find A Financial Advisor In 3 minutes

The Bottom Line

Because of the ambiguity in the industry, you have to exercise caution to make sure you get the right financial advisor who meets your fiduciary and financial needs. That said, when you choose the right financial advisor for you, they can help you achieve your financial goals and financially protect your loved ones and their futures.

“So much of what I do in a life-centered approach to financial planning and wealth management is walk out life with people,” says Wes Brown, a CFP at CogentBlue Wealth Advisors in Knoxville, Tenn. “I think there’s value in an ongoing relationship where somebody can help you walk through the various waypoints you’re going to come to.

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Financial Advisor Frequently Asked Questions (FAQs)

What is a financial advisor?

Financial advisors are personal finance experts who deliver you financial advice and manage your money. Some—but not all—are fiduciaries. A fiduciary acts only in your best financial interest.

“A financial advisor is like a coach,” says Matt Chancey, a certified financial planner (CFP) at Dempsey Lord Smith in Tampa, Fla. “It helps to have someone keep you accountable to your goals and make sure that you aren’t making any major missteps.”

What can a financial advisor do for you?

A good financial investment advisor can evaluate your current situation and develop a comprehensive plan to guide you through your financial life.

“You don’t know what you don’t know,” says Marianela Collado, a CFP and certified public accountant (CPA) at Tobias Financial Advisors in Plantation, Fla. “By opening your finances up, a good financial adviser can suggest a wide range of opportunities that the client probably never thought of or wouldn’t even know to ask for.”

Who needs a financial advisor?

Though some people may think they don’t need a financial advisor until they’ve amassed at least $1 million, the amount of assets you hold shouldn’t be the sole determining factor. In fact, financial advisors work with clients of all tax brackets and backgrounds.

How much does a financial advisor cost?

Financial advisor fees can vary widely. This is due to there being different methods for a financial advisor to generate their income. Some advisors are fee-only. Other advisors are commission-based. Some advisors even work on a hybrid model between the two.

It’s recommended that you research how the individual advisor you’re choosing generates their income before starting to work with them.

When should I get a financial advisor?

Financial advisors become most helpful when your financial life becomes complex. That might be when you get married, have children, get divorced, are managing many competing debts, come into an unexpected windfall or are navigating end-of-life financial decisions.

Wed, 20 Dec 2023 20:11:00 -0600 John Schmidt en-US text/html https://www.forbes.com/advisor/investing/how-to-choose-a-financial-advisor/
4 Certified Senior Designations Worth Holding

In recent years, the number and scope of professional designations available have grown, and many financial advisors are now unsure of which credential will serve them most effectively. This is especially true for specialized designations for retirement planning and working with the specific financial needs of older adults. As the Bureau of Labor Statistics notes, the major driver of the growth in jobs for financial advisors is the aging population. The large baby boomer generation is on the way to retirement, and longer life spans are leading to prolonged retirements, adding to the demand for financial planning services aimed at older adults. Here, we take a closer look at some of the designations used and whether they are worth pursuing for those looking to offer financial advice on retirement planning, retirement income, longevity planning, and estate planning.

Key Takeaways

  • Many financial advisors are specializing in retirement planning and income.
  • As a result, these advisors have sought targeted training and education to validate their expertise and signal their skills to those who need it.
  • Several professional credentials and designations are now available for financial planning for older adults, with certified senior advisor (CSA) being the most recognized.
  • Chartered advisor for senior living (CASL) was a popular certification no longer available for new applicants (though existing license holders are still required to continue their education).
  • Some designations, like the certified senior specialist (CSS), face restrictions from state bodies and are not recognized as valid in some areas.
  • Another well-rounded certification option is the chartered senior financial planner (CSFP).

What Are Designations Focused on Older Adults?

Several designations have been created in the financial planning industry in recent years. Designations focused on the needs of older adults primarily involve financial strategies for individuals aged 50 and older.

The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) do not officially recognize any professional titles such as “retirement advisor” that financial professionals use. Nevertheless, this financial planning consumer demographic has been increasingly targeted from almost every direction by the financial services industry, including banks, insurance companies, and independent financial and estate planners.

With potentially larger portfolio balances, given their longer investment timeline and a growing need for retirement and succession planning services, there are ample needs and opportunities for working with older clients.

The Financial Industry Regulatory Authority (FINRA) does not approve or endorse any professional designation. The designation's inclusion in its database doesn't mean that FINRA considers the designation acceptable for use by a registered representative.

4 Main Designations

Here are four main designations that financial professionals may use to signal expertise in the financial planning needs of older adults:

Certified Senior Advisor

Offered and recognized by the Society of Certified Senior Advisors (SCSA), a CSA is the best-known advisory certification on this list. Candidates need to pass a certification examination on the social, medical, cultural, financial, and legal aspects of aging to become a license holder.

There is no prescribed training or education program, but the SCSA offers resources like textbooks and live course training. Preparation for the exam usually takes 50–60 hours. Candidates must also complete 30 hours of continuing education and pass a criminal background check every three years to maintain their certification.

CSAs are typically professionals in different fields who work exclusively or frequently with the aging and want to supplement their professional knowledge with the designation. Many advisors who earn this designation work primarily with fixed or indexed annuities. However, some nonfinancial professionals, including estate planning attorneys, healthcare professionals, and administrators, carry this designation. CSAs must inform consumers that the designation alone does not imply financial, health, or social expertise. 

Chartered Advisor in Senior Living (CASL)

Offered by The American College, CASL applicants need to have worked with older adults for a minimum of three years before they can take the required examination. Applicants must also adhere to The American College's code of ethics.

A CASL advisor is tested on retirement distributions from pensions and Social Security, planning for health and long-term care needs, and effective estate planning strategies. The CASL designation is no longer offered to new students. However, existing certificate holders are required to participate in the Professional Recertification Program to keep their credentials.

Certified Senior Specialist (CSS)

CSS requires more course work than the others in retirement planning, estate tax planning, annuities, Social Security, and Medicare. The exam covers long-term care and issues related to the care of adults 80 and over, the demographics of the population of older adults, charitable estate planning techniques, and reverse mortgages.

The CSS license is issued by Certified for Senior Studies, although not all jurisdictions recognize the designation. For example, California treats this license differently than the CSA since the designation can't be used by agents or brokers to sell insurance to adults 65 and over. For this reason, the CSS license holds much less value than some of the other licenses.

Chartered Senior Financial Planner (CSFP)

Issued by the Association of Chartered Senior Financial Planners, the CSFP designation trains recipients in advanced retirement and estate planning strategies. To take the exam, trainees must have two years of insurance experience, two years of securities experience, or be a licensed attorney or CPA. Three-day training sessions are available before the exam, and 16 hours of continuing education are required every two years.

Like other exams, the CSFP designation prescribes a code of ethics and demonstrates a holder's proficiency in preretirement, post-retirement, and asset protection strategies.

Broad Based Designations That Serve Seniors

While designations for expertise in the financial needs of older adults may differ substantially in the academic training, none of them can compare to the curricula for established and respected designations such as Chartered Financial Planner (CFP), Chartered Life Underwriter, or Chartered Financial Consultant.

If you wish to position yourself as an expert in financial planning for anyone, including older adults, you should first consider earning one of the more traditional, comprehensive designations. Afterward, you could earn one of the designations focusing on older adults. At that point, your competence in the needs of this demographic would mean a great deal more as you've honed in on a specific syllabu while having a broad background in financial planning. You would also be subject to a code of ethics that can be enforced.

Pending Consequences

Given they often have access to savings that are meant to take them through their retirement years, older adults are frequently targeted by scam artists and charlatans. The National Council on Aging (NCOA) reports that in 2022, there were 88,262 complaints of fraud, resulting in $3.1 billion in losses from people age 60 and over. This may vastly underrate the problem, given that such frauds often go unreported, according to the NCOA. The most common scams involve impersonating government officials, supposed sweepstakes winnings, and robocalls.

As a result, state and federal regulators have taken notice of inadequate training and the business approach many certificate holders take to the financial matters of older adults. One of the main limits regulators face when dealing with this problem is that no overarching agency monitors the financial designation community like there is for insurance or securities licensing. Therefore, any “rogue” credential must be dealt with state-by-state.

What Is the Best License Designation for Working With Older Adults?

The Certified Senior Advisor (CSA) designation is the most recognizable professional license. Though it still falls well short of the breadth and depth of wide-scale professional licenses, it remains a strong option for those looking for specific certification in the financial matters of older adults.

Is It Worth Getting a Designation for Working With Older Adults?

There are mixed opinions on the value of these license designations. Some argue any sort of formal training and exam provides value and boosts your credibility as a financial planner. Others point out the gap in education between these license designations and broader financial planner certifications. As long as your clients understand the limits of what the designation means, there is some value in pursuing them.

Are All Designations for Working With Older Adults Recognized?

No, such license designations are often recognized on a state-by-state basis. Each state will have its own reporting requirements, and many limit the recognition of some designations. When a designation is limited in a state, the financial advisor can't use that title while pursuing sales of insurance or securities. To check whether your license is recognized in a specific state, check with that state's Department of Insurance.

The Bottom Line

While the differences between designations such as the CFP and CSA may be apparent to those in the business, most people looking for financial advice may have difficulty comprehending the gap in training between the two. Although it would be unfair to label every financial professional who holds a designation for advising older adults as dishonest, the increasing pressure from state regulators is making the future of these designations uncertain.

Advisors considering whether to pursue a designation for working with older adults may want to check with their state's insurance commissioner and securities bureau before enrolling in a program. While bogus designations can fool prospects and clients at least temporarily, regulators are certain to rectify the situation eventually.

Thu, 14 Dec 2023 08:34:00 -0600 en text/html https://www.investopedia.com/financial-advisor/close-look-at-certified-senior-designations/
Once-exclusive 'accredited investor' tag on track to apply to half of U.S. households

alotofpeople - stock.adobe.com

With no inflation adjustments to the criteria for who counts as an "accredited investor" in four decades, the number of households fitting the definition has swollen sixteenfold.

And unless regulators start erecting further barriers to entry, the accredited investor crowd is expected to grow large enough in the next 20 years to encompass nearly half of all U.S. households. Accredited investors are generally meant to be members of an exclusive club deemed fit by their financial sophistication and wherewithal to put money into hedge funds, private investments in startup firms and other risky vehicles not commonly traded on public markets.

Since 1982, the Securities and Exchange Commission has defined these sorts of investors as people with a net worth of at least $1 million or more than $200,000 in annual income in each of the previous two years. The criteria have been refined several times since then. 

In 1988, for instance, the Wall Street regulator decided to admit households with a joint annual income of $300,000 over the past two years. In 2011, it said investors' primary residences had to be excluded from the net worth calculation.

READ MORE: The 23 top tax stories of 2023

But the basic thresholds have remained the same even as inflation has eroded the buying power of the dollar. That has meant a steep increase in the number of U.S. households meeting the criteria for accredited investors.

Time for review?
A report SEC staff released on Dec. 15 suggests those standards could be due for revision. Jay Gould, a former SEC lawyer and current special counsel in the San Francisco office of Baker Botts, noted that the report makes no specific recommendations.

But its prediction that nearly half of all U.S. households will meet the definition of accredited investor in the next 20 years does raise actual questions over whether the net worth and income criteria are serving their intended purpose. 

"They are laying the groundwork for saying, should we index this to inflation?" Gould said in an interview. "Or should we have additional standards?"

According to the SEC's report, in 1983 only 1.51 million households met the definition, or 1.8% of the total. By 2022, that number had risen to 24.3 million households, or 18.5% of the total. And if nothing changes, it will approach 80 million by 2042 —nearly half of all U.S. households.

If the SEC's thresholds had kept pace with inflation, the net worth limit would now stand at a little above $3 million. The income limits would be around $608,000 for individuals and $911,000 for households with joint incomes.

How much money are we talking?
Gould said the SEC has struggled to gauge how much money annually goes into the sorts of nonpublic investments that are typically reserved for accredited investors. The agency's report estimates that $3.7 trillion was raised by these means in 2022, much of it going to private startup firms. Registered offerings on regulated public markets brought in only $1 trillion in the same period.

But Gould noted that the SEC acknowledges in its own report that unregistered offerings, by their very nature, are difficult to track.

Once every four years
The SEC's report is a result of a provision in the Dodd-Frank Act of 2010 requiring the SEC to review its standards for accredited investors every four years. Gould said he thinks the SEC has the legal authority to change the standards on its own, although any attempt of that sort might lead to legal challenges.

Usha Rodrigues, a professor of corporate finance and securities law at the University of Georgia, said in an interview that there's sometimes a perception that the accredited investor laws exclude regular investors from opportunities that allow the rich to grow only richer.

READ MORE: How the election will hit markets and 4 other wealth predictions for 2024

"When times are good, people are pressed up against the glass and wondering, why can't we do what everybody else is doing?" Rodrigues said. "The thought is that this is not fair and it's not American."

But when the bottom drops out of these riskier investments, a hue and cry often goes up asking why less sophisticated investors weren't better protected, she said.

Legislation situation
Even as some question if the definition of accredited investor could stand some tightening, Congress in recent years has put forward a variety of bills meant to lower the gates. The Fair Investment Opportunities for Professional Experts Act, passed by the U.S. House of Representatives in June, would expand the definition to include certified broker-dealers, investment advisors or others who have certain professional licenses or experiences. 

The legislation is similar to an internal SEC order from Aug. 20 extending the definition of accredited investor to federal- or state-registered advisors and certain holders of brokerage licenses, among others. Like similar pieces of legislation in recent years, its chances of adoption by both chambers are slim.

Gould said he thinks Democrats in the Senate will resist attempts to admit more households into the ranks of accredited investors. He also predicted any attempt by the SEC to tighten the admission standards will probably wait until after the presidential election in November.

"It's probably time that they do something," he said. "But I wouldn't expect anything immediately."

Carve-out for startups?
Rodrigues said one argument commonly made by advocates of looser criteria is that the current qualifications make it difficult for private startup firms to raise money from regular investors. Difficulties with accessing capital are one of the biggest struggles for companies that are just getting started.

Rodrigues said that if lawmakers are seeking to ease the way for startups, they could devise an exception that allows non-accredited households to put money into them while still keeping up the barriers to investing in hedge funds and other risky alternatives.

"I'm not anti-hedge funds," Rodrigues said. "But I really do think there is an argument that there needs to be a more direct path to capital markets with respect to startups rather than for hedge funds or derivative plays."

Thu, 28 Dec 2023 04:11:00 -0600 en text/html https://www.financial-planning.com/news/accredited-investor-numbers-to-swell-in-next-20-years
How bank accounts can forge a path to financial stability

M&T Bank and KeyBank are among the financial institutions participating in the Bank On initiative.

How bank accounts can forge a path to financial stability

Opening a bank account can be an important step on the road to financial stability.

But it's not something everyone is used to doing, or comfortable doing.

A new coalition taking shape, called Bank On Niagara County, is aiming to overcome those obstacles.

It is part of the national Bank On movement, whose goal is connecting consumers with safe and affordable bank accounts. Over 100 Bank On coalitions, which consist of community organizations, elected officials and financial institutions, are in operation around the country.

Bank On is an initiative of the Cities for Financial Empowerment Fund. Banks and credit unions get certification for accounts that meet the movement's standards for serving consumers.

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Those accounts must be low cost; allow free deposits, withdrawals and fee payments; and do not allow overdraft or nonsufficient fund fees.

A lot of financial institutions already offer products that meet the criteria; in some cases, it's just a matter of getting those products Checked certified through Bank On.

Bank On aims to help individuals who are "unbanked" or "underbanked," said Noelle Carter, president and CEO of Parachute Credit Counseling, which is part of the coalition.

"Some people are paying for services they could be getting for free through a banking relationship," she said.

Noelle Carter, president and CEO of Parachute Credit Counseling. 

Prosperity Now, a Washington, D.C.-based nonprofit, defines an unbanked person as someone who doesn't have a checking or savings account, and an underbanked person as someone who has a checking and/or savings account, but also uses non-bank services for transactions.

Prosperity Now estimated that in 2021, 5% of households in Niagara Falls were unbanked, and 12% were underbanked. In Buffalo, an estimated 9% of households were unbanked, and 18% were underbanked, according to Prosperity Now's scorecard.

"Unbanked" people pay for services like cashing checks, money orders and paying bills, Carter said. "That's several hundred dollars they could be incurring in fees."

Lowering the percentages of unbanked and underbanked people starts with persuading them to open accounts and use them.

"A big thing we identified just talking with community partners is mistrust of the banking world a lot of times," Carter said. "We're just starting those conversations."

Some "unbanked" people may not have a family tradition of using banks, or may feel intimidated by the idea of walking into a branch. Community organizations who are part of the coalition can help individuals connect with accounts. And elected officials in the coalition can spread the word about the availability of safe, low-cost accounts.

Parachute since 2013 has had a financial literacy coalition in Niagara County, so it's building on that presence to launch a Bank On coalition there, Carter said. Long-term plans call for another Bank On coalition in Buffalo, after the Niagara County coalition builds its model and rolls it out, she said.

At a national Bank On conference earlier this year, Martin Gruenberg, chairman of the Federal Deposit Insurance Corp., praised Bank On's work promoting economic inclusion.

"The challenge is not only connecting consumers to the banking system, but ensuring that relationships are sustained over the economic cycle," he said, according to a transcript of his remarks.

A Bank On coalition's work can have lasting effects for consumers, Carter said.

"Once you establish that banking relationship, that opens the door to them establishing or re-establishing credit, which then can open additional doors throughout your lifetime for you," she said. "It seems like a small step but it really is a foundation for getting people on financial stable footing."

M&T Bank expands 'Gift of Warmth' campaign to Rochester

M&T is in the midst of its annual "Gift of Warmth" campaign, collecting new hats, gloves, mittens and scarves for the Salvation Army to distribute to people in need. 

But this year, the bank has teamed up with Tops Markets, and has expanded the campaign to include Rochester.

Donations can be dropped off at boxes inside M&T branches and Tops stores in those markets.

A total of 92 M&T branches and 49 Tops stores are participating. Donations will be accepted through Jan. 5.

Over its history, the Gift of Warmth campaign has collected 41,500 winter clothing items. 

Lake Shore grants boost nonprofits

Lake Shore Savings Bank has received and distributed $50,000 from the Federal Home Loan Bank of New York Small Business Grant Recovery Program.

Five grants worth $10,000 each were distributed to the Lakeshore Humane Society, Literacy Volunteers of America Northern Chautauqua County, Chautauqua County Rural Ministry, Community Inclusion and Chautauqua Hospice and Palliative Care.

The Federal Home Loan Bank of New York made $5 million in grants available to qualifying small businesses and nonprofit organizations faced with continuing economic challenges due to the current rate environment, inflation, supply-chain constraints, and/or rising energy costs.

Want to know more? Three stories to catch you up:

ICYMI

Five reads from Buffalo Next:

1Jeffrey Gundlach faces backlash after warning that AKG could close if union drive succeeds. The billionaire weighed in on social media about an organizing campaign taking shape at the Buffalo AKG Museum.

2. Buffalo Niagara employers connecting with refugees to meet hiring needs. Local employers say refugees and immigrants have been proven to be good hires at a time when it's difficult to fill many jobs.

3. PSC directs National Fuel to do more for shift to renewables. The Public Service Commission responded to a long-term gas plan filed by the utility, as the state increasingly emphasizes using electricity.

4. Lake Shore Bank names new chief operating officer – its third in a year. The Dunkirk-based bank named Melissa Sprague to the role, following the resignation of Lake Shore Bank veteran Rachel Foley.

5. API Heat Transfer to close Arcade plant, cut 130 jobs. The company plans to shut the plant next spring and shift its production to other facilities.

The Buffalo Next team gives you the big picture on the region’s economic revitalization. Email tips to buffalonext@buffnews.com or reach Buffalo Next Editor David Robinson at 716-849-4435.

Mon, 25 Dec 2023 19:00:00 -0600 en text/html https://buffalonews.com/news/local/business/how-bank-accounts-can-forge-a-path-to-financial-stability/article_293e9c42-a46b-11ee-a05c-7f918301243d.html
Avenue Therapeutics Enters into Warrant Exercise Transactions for $5.0 Million in Proceeds

MIAMI, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Avenue Therapeutics, Inc. (Nasdaq: ATXI) (“Avenue” or the “Company”), a specialty pharmaceutical company focused on the development and commercialization of therapies for the treatment of neurologic diseases, today announced the entry into warrant exercise agreements with existing accredited investors for the immediate exercise of certain outstanding warrants to purchase an aggregate of 16.5 million shares of the Company’s common stock. These warrants for immediate exercise include: (i) November 2023 Series B warrants to purchase an aggregate of 14.6 million shares of common stock issued by Avenue on November 2, 2023, each having an exercise price of $0.3006 per share, and (ii) January 2023 warrants to purchase an aggregate of 1.9 million shares of common stock issued by Avenue on January 31, 2023, each having an exercise price of $1.55 per share, at a reduced exercise price of $0.3006 per share as agreed upon by the Company. The gross proceeds to Avenue from the exercise of the warrants are expected to be approximately $5.0 million, prior to deducting placement agent fees and estimated offering expenses. The closing of the warrant exercise transactions is expected to occur on or about January 9, 2024, subject to satisfaction of customary closing conditions.

Maxim Group LLC is acting as the exclusive financial advisor and warrant solicitation agent for the transaction.

In consideration for the immediate exercise of the existing warrants for cash, the Company will issue new unregistered Series A warrants to purchase up to 16.5 million shares of common stock and new unregistered Series B warrants to purchase up to 16.5 million shares of common stock. The new Series A and Series B warrants will both have an exercise price of $0.3006 per underlying share. The new Series A warrants and Series B warrants will not be exercisable until the Company receives stockholder approval to increase its authorized shares of common stock and to comply with certain Nasdaq rules. Upon receipt of stockholder approval, the new Series A warrants will be exercisable for a period of five years thereafter and the Series B warrants will be exercisable for a period of eighteen months thereafter. Subject to the aforementioned stockholder approval, Avenue has agreed to file a registration statement with the Securities and Exchange Commission (“SEC”) covering the resale of the shares of common stock issuable upon exercise of the new warrants. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Avenue Therapeutics

Avenue Therapeutics, Inc. (Nasdaq: ATXI) is a specialty pharmaceutical Company focused on the development and commercialization of therapies for the treatment of neurologic diseases. It is currently developing three assets including AJ201, a first-in-class asset for spinal and bulbar muscular atrophy, BAER-101, an oral small molecule selective GABAA α2/3 receptor positive allosteric modulator for CNS diseases, and IV tramadol, which is in Phase 3 clinical development for the management of acute postoperative pain in adults in a medically supervised healthcare setting. Avenue is headquartered in Miami, FL and was founded by Fortress Biotech, Inc. (Nasdaq: FBIO). For more information, visit www.avenuetx.com.

Forward-Looking Statements

This press release contains predictive or “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of current or historical fact contained in this press release, including statements that express our intentions, plans, objectives, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “will,” “should,” “would” and similar expressions are intended to identify forward-looking statements. These statements are based on current expectations, estimates and projections made by management about our business, our industry and other conditions affecting our financial condition, results of operations or business prospects. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in, or implied by, the forward-looking statements due to numerous risks and uncertainties. Factors that could cause such outcomes and results to differ include, but are not limited to, risks and uncertainties arising from: the ability to satisfy the closing conditions related to the transaction and the overall timing and completion of such closing; expectations for increases or decreases in expenses; expectations for the clinical and pre-clinical development, manufacturing, regulatory approval, and commercialization of our pharmaceutical product candidate or any other products we may acquire or in-license; our use of clinical research centers and other contractors; expectations for incurring capital expenditures to expand our research and development and manufacturing capabilities; expectations for generating revenue or becoming profitable on a sustained basis; expectations or ability to enter into marketing and other partnership agreements; expectations or ability to enter into product acquisition and in-licensing transactions; expectations or ability to build our own commercial infrastructure to manufacture, market and sell our product candidates; acceptance of our products by doctors, patients or payors; our ability to compete against other companies and research institutions; our ability to secure adequate protection for our intellectual property; our ability to attract and retain key personnel; availability of reimbursement for our products; estimates of the sufficiency of our existing cash and cash equivalents and investments to finance our operating requirements, including expectations regarding the value and liquidity of our investments; the volatility of our stock price; expected losses; expectations for future capital requirements; and those risks discussed in our filings which we make with the SEC. Any forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release, except as required by applicable law. Investors should evaluate any statements made by us in light of these important factors.

Contact:

Jaclyn Jaffe
Avenue Therapeutics, Inc.
(781) 652-4500
ir@avenuetx.com


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Fri, 05 Jan 2024 01:15:00 -0600 en text/html https://markets.businessinsider.com/news/stocks/avenue-therapeutics-enters-into-warrant-exercise-transactions-for-5-0-million-in-proceeds-1032946107
‘Important first step’: IN Supreme Court considering amending rules on who takes the bar

The Indiana Supreme Court is considering a proposal that would bring graduates of law schools outside the United States and non-American Bar Association-accredited schools one step closer to being able to sit for the state bar exam.

The proposed changes, announced in November, would amend Admission and Discipline Rule 13. If amended as proposed, the rule would allow graduates of non-ABA-accredited schools to sit for the Indiana bar in two situations:

• If the applicant graduated from a non-ABA-accredited law school in the United States, was eligible to sit for the bar in another state, and the Board of Law Examiners finds the applicant is qualified to take the Indiana bar by education or experience.

• If the applicant completed legal education outside the U.S., obtained a graduate degree in American law from an ABA-approved school, and the BLE finds the applicant is qualified to take the Indiana bar by education or experience.

Also, the proposal lays out the materials a person seeking a waiver of the educational requirements would have to provide to the BLE, including a narrative of the person’s legal education and work history, among other materials.

For Purdue Global Law School, the proposal, if adopted, would be a welcome first step in Indiana.

Purdue Global Law, formerly known as Concord Law School, is an online-only law school based in California — the only state where its graduates can currently take the bar due to its lack of ABA accreditation.

Martin Pritikin

“I’m happy to see that the Indiana Supreme Court is considering taking this step,” Purdue Global Law School Dean Martin Pritikin said. “My only concern about the court’s proposal is that students won’t know at the time they enroll in law school if the Indiana Board of Law Examiners is going to approve their individual petition three, four years down the road.”

Also, Pritikin said he doesn’t think the proposal gets them all the way there in terms of encouraging nontraditional students to go to law school.

Still, “I think it’s a good first step and an important first step,” he said.

If the proposal is adopted, Pritikin said he hopes there will be a data analysis a few years down the road that shows how many graduates are petitioning to take the exam and how they perform.

If the results are promising, he said, the high court may consider going a bit further.

Striking a balance

Nancy Vaidik

Court of Appeals of Indiana Judge Nancy Vaidik — who sat on the Indiana Supreme Court’s Purdue University Concord Law School Working Group — said she knew the court’s proposal was coming.

Vaidik noted that Indiana ranks among the lowest states in the nation in terms of number of attorneys per capita.

According to the 2020 ABA Profile of the Legal Profession, there were 2.3 lawyers per 1,000 people in Indiana. The lowest number reported was 2.1 lawyers per 1,000, in South Carolina, Arkansas and Arizona.

While some areas of the state, such as Marion County, have higher numbers locally, others do not, Vaidik added.

“A lot of rural counties are one per every 1,000 (persons) and a lot of communities within communities, like communities of color or the public service sector, are woefully underserved,” she said. “We have to find solutions to that in some way, and this is just but one of the solutions.”

Vaidik gave an example of a woman who works in southern Indiana and is a Purdue Global Law graduate. The woman passed the bar in California, Vaidik said, but she’s working as a paralegal because she can’t take the bar exam in the Hoosier State.

However, the woman could litigate a case filed in the U.S. District Court for the Southern District of Indiana.

“Something’s wrong with that,” Vaidik said.

In her view, Vaidik said what the high court is proposing provides quality assurance and consumer protection for law students, lawyers and potential clients alike.

“I think this strikes a great balance,” she said.

Bar leaders weigh in

The Supreme Court accepted public comment on its proposal through Dec. 15. One group that submitted feedback to the court was the Indiana State Bar Association, which is supporting the proposal.

That’s a change from the ISBA’s earlier position, when it opposed a proposal released this spring by Purdue University.

Purdue’s proposal would have amended Rules 6, 13 and 17.1 to allow graduates of certain non-ABA-accredited schools to take the Indiana bar if the school was accredited by one or more state, regional, or national bodies that specifically accredit law schools. Also, under Purdue’s proposal, the school must be operated by or affiliated with an Indiana-based educational institution whose legal education program/degree has been approved by the Indiana Commission for Higher Education.

“Without confirming that all such entities’ standards align with what we in Indiana consider crucial to providing a high-quality legal education and that all such entities have a robust procedure for monitoring accreditation compliance, we do not support allowing graduates of law schools accredited by those other entities to sit for the Indiana bar,” former ISBA President Amy Noe Dudas wrote to the Supreme Court in April.

Tom Felts

But in a Dec. 6 member alert, Senior Judge Tom Felts, the new ISBA president, said the high court’s proposal is different than Purdue’s.

“Although the current proposal doesn’t include a specific provision for Indiana accreditation, the ISBA believes it succeeds in providing a sufficient vetting process,” Felts wrote in comments to the Supreme Court. “Indiana’s Board of Law Examiners has long been the gatekeeper for minimum competency of Indiana attorneys. Relying on this board to review requests from otherwise qualified law school graduates would be an effective solution to ensuring that candidates are adept in legal practice, helping to maintain a more proficient legal community.”

Felts also wrote that the proposed changes have the potential to increase the availability of proficient lawyers in the state while still ensuring a qualified entity vets the candidates’ petition to sit for the exam.

On the other hand, the Indianapolis Bar Association — which also opposed the Purdue proposal — urged the high court to proceed with caution in its approach.

IndyBar listed three questions for the high court to consider:

1. Will the acceptance of students from non-ABA-approved law schools lead to an even greater gap in practical, experiential education of students before they begin practicing law?

2. Will the proposed modification of Rule 13 lead to increased access to service in Indiana’s rural areas?

3. Does the all-volunteer Board of Law Examiners have the resources to conduct the case-by-case review of applications contemplated by the proposed amendment?

“… ABA accreditation serves to set standards to ensure national uniformity in legal education and practice. A non-ABA-approved law school presents a level of flexibility and financial opportunity which could be a barrier to many wanting to enter the legal field. We agree and support the sentiment that allowing those who attended a law school not approved by the ABA would offer a path to those seeking to be admitted in Indiana,” IndyBar wrote in its comments to the Supreme Court.”

But it continued, “We would ask the Court to consider including a more detailed understanding of an applicant being ‘eligible upon graduation from that law school to take the bar exam of another state.’ Creating a benchmark of courses required or preparation for the bar exam would further ensure that the applicant’s education, whether ABA accredited or not, has adequately prepared them for the bar exam.

“… We salute the Court’s aspiration to Strengthen access to legal services for Hoosiers most profoundly affected by a shortage of lawyers and we echo the Court’s feeling that this proposed rule amendment will not, by itself, solve the state’s shortage issue,” 2023 IndyBar President Rebecca Geyer wrote in the letter. “However, we see no data or anecdotal evidence to suggest that students at non-ABA-approved schools, who are scattered across the nation (indeed, even Purdue Global’s law school is based in California) will set up practices in rural communities in Indiana. Likewise, our anecdotal experience suggests that foreign law graduates are unlikely to practice law in those communities most adversely affected by a shortage of lawyers in rural Indiana communities.”

National change coming?

While the Indiana Supreme Court considers its proposed changes, an ABA group has put forward a proposal that could provide another step toward accreditation for online schools like Purdue Global Law.

The Council of the ABA Section of Legal Education and Admissions to the Bar is accepting comment through Jan. 8 on its proposed revisions to Standards 701 and 702.Under the proposed revision to Standard 701, law schools would be required to have “adequate operations,” rather than “facilities,” a move designed to incorporate technology.

“A law school need not have a physical campus, provided it can show that its operations, equipment, technology, and technology support are adequate to enable it to operate in compliance with the Standards and carry out its program of legal education,” Interpretation 701-2 says.

As for Rule 702, the proposal would require law schools to ensure the availability of suitable rooms for in-person classes, specifically, rather than “all” classes.

Schools would also have to ensure the availability of a law library that is suitable and sufficient in size and location and accommodates the needs of the students and faculty accessing the library remotely.

Pritikin said those proposed changes don’t fully allow schools like Purdue Global Law to apply for ABA approval because there being other standards that bar them from getting that accreditation.But he added that the ABA has mentioned putting those standards out for public comment, as well.•

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Tue, 02 Jan 2024 01:54:00 -0600 Alexa Shrake en-US text/html https://www.theindianalawyer.com/articles/important-first-step-in-supreme-court-considering-amending-rules-on-who-takes-the-bar
Certified Financial Planner Board Of Standards Inc. (CFP Board) No result found, try new keyword!Celtics star has been awarded the largest contract in NBA history but financial planner, while commending Brown's efforts, says wealth inequality is a complex issue. The American Institute of CPAs ... Tue, 12 Dec 2023 10:00:00 -0600 en-US text/html https://www.investmentnews.com/tag/certified-financial-planner-board-of-standards-inc-cfp-board Edward Jones' Wangen receives Certified Financial Planner certification

Dec. 27—Financial Advisor Jaclyn Wangen of the financial services firm Edward Jones in Austin, has received the Certified Financial Planner or CFP, certification, granted by the Certified Financial Planner Board of Standards (CFP Board).

Becoming a CFP professional expands a financial advisor's knowledge base in the following areas:

* Financial management

* Tax-sensitive investment strategies

* Retirement savings

* Insurance planning

* Education planning

* Estate Considerations

In addition to the education and examination components of certification, Wangen also has committed to abiding by the CFP Board's Code of Ethics and Standards of Conduct.

Wangen's office is located at 1405 15th Ave NW in Austin. She and branch office administrators Mary Flaherty and Shelby Hullopeter can be reached at 507-437-7601. You can also visit her website at www.edwardjones.com/jaclyn-wangen.

Wed, 27 Dec 2023 10:00:00 -0600 en-US text/html https://www.aol.com/edward-jones-wangen-receives-certified-031800485.html
Rainey earns financial planner certification

HAUBSTADT — Financial Advisor Jason Rainey of the financial services firm Edward Jones in Haubstadt received the certified financial planner certification granted by the Certified Financial Planner Board of Standards.

Becoming a CFP professional expands a financial advisor’s knowledge base in financial management, tax-sensitive investment strategies, retirement savings, insurance planning, education planning and estate consideration.

In addition to the education and examination components of certification, Rainey also committed to abiding by the CFP board’s code of ethics and standards of conduct.

Edward Jones has 19,000 financial advisors serving more than 8 million clients with a total of $1.8 trillion in client assets under care at the end of September 2023.

Sat, 23 Dec 2023 10:54:00 -0600 text/html https://www.pdclarion.com/community/business_news/rainey-earns-financial-planner-certification/article_71d5f958-e953-585c-8b2b-f0805883e6b5.html




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