ACP Blogs

We are living in extraordinary circumstances. The coronavirus pandemic has altered the way we conduct business, interact with colleagues, friends, and loved ones, and has altered human behavior on a global scale.  It is more than a financial downturn, it is a global health crisis that has impacted health, safety, and, of course, finances across the globe. Advisors and their clients have had some concerns over business and financial recovery, which is exactly what we want to talk about today. We are here to show you that our ACP system provides added security for advisors and their clients during these unprecedented times. How does it work? That is what you will find out. The information for this blog post was curated from our ACP Insights Webinar hosted by two of ...

Transition is always difficult in business. Whether you are adapting your business model, service offerings, or changing lanes altogether, the transition can bring about some hard yet necessary and ultimately rewarding developments.  Here at ACP, we see this often especially with people who began as a tax-only practice and want to expand their service offerings to include financial planning. With the high volume of traffic and workload of tax responsibilities, many CPAs are wary of adding financial planning into their already busy practices. But as many have found, financial planning not only enhances the quality and service provided to clients but also the tax work itself. Can a tax practitioner transition into a full-service financial planner and how can they do it successfully?  ...

For decades, commissioned advisors have known that the fee-based financial planning model has gained popularity among clients and advisors alike. But the daunting task of making the switch has left many uncertain about leaving their commission lifestyles behind.  Here at ACP, our goal is to empower, teach, and guide advisors in our fee-only, fiduciary model, which not only better serves clients but also provides advisors with a business plan that works. Leaving the world of commissions isn’t easy, but we are here to help you make the transition. You need passion, hard work, diligence, and a strong sense of community, all of which ACP has in spades.  We are so excited to bring you a blog post that dives into the way we support advisors on their unique journeys into the fee-based ...

When people hear the phrase “financial planning” a few things probably come into mind: managing assets, investments, portfolios, etc. So much public perception of our industry, and sometimes the reality, is that financial planners and investment managers are one in the same.  We at ACP know a different story.  Our organization was built to show a new way to approach financial planning, an approach to embolden advisors and bolster clients, with the purpose of putting the interest of the client first.  This story vastly differs from media depictions of Wall Street hotshots and investment managers. We seek to cultivate a community of advisors whose goal is to improve the lives of their clients by taking a holistic, comprehensive approach to financial planning .  We know ...

ACP has built its organization around dynamic, like-minded advisors who have a drive to deliver optimum value to the clients they serve. Our commitment to our fee-only fiduciary standard is what has held us and our advisors together for over 25 years. This has been our founding principle and it has allowed us to grow a wonderful community.  Our members are passionate, highly trained, motivated professionals who come from all walks of life and all types of financial planning backgrounds, bringing diversity in knowledge, education, and work experience.  Being a member of the Alliance of Comprehensive Planners provides access to a wealth of tools, resources, education, and support. But why take our word for it? Let’s turn it over to our members who have provided testimonials on how ...

You’ve taken the plunge to go into business for yourself. Congratulations! This will be an incredible adventure—one filled with ups, downs, and everything in between.  While there are so many amazing aspects to owning your own business, there are also some important changes to be aware of. In your old office, you probably had an array of coworkers and peers to help form a community. When you are in business for yourself, that community seems to evaporate overnight.  A strong sense of community is an essential component for a successful business owner. But how can you find community when you go into business for yourself? What tools and resources can help you build lasting relationships that will, in turn, make both you and your business prosper? We will explore all of this ...

When most people think of taxes, they think of the frantic rush to file returns by the tax filing deadline. They think of confusing tax law, rushed explanations from tax preparers, and the fear over the status of their return. Will they owe or will they get a refund; this seems to be the top concern on the minds of clients walking through your doors.  But what if you as an advisor can help change that narrative? What if you were able to transform taxes from a once-per-year filing chore into something different, something planned and understood? What if you could help your clients understand how the financial decisions they make throughout the year inform the taxes they pay? What if you could have the chance to save your clients far more money than ever before? Our advisors ...

For many business owners, striking the balance between a profitable business and a healthy lifestyle seems like an insurmountable feat. Most narratives about lifestyle-focused practices become synonymous with lackluster business success.  But does an emphasis on lifestyle have to be exchanged for a notable reduction in revenue? Is there an alternative to choosing between business and personal success? How can you structure a well-balanced life and a practice that provides a solid living? Here at ACP, we believe that building a profitable practice and living a life you love can and should be one and the same. But that doesn’t mean it comes without hard work, discipline, and tenacity to help get you there.  Our blog post today is based on our podcast episode, The Profitable ...

Here at ACP, our community of advisors has a particular way of looking at household financial planning. Even though we all serve many different clients with varying demographics, household incomes, financial profiles, and goals, we come together on a core set of beliefs that fuel our practices.  Today, we want to illustrate ACP’s seven core concepts for approaching financial planning with clients. These concepts were developed by Bert Whitehead who in 1995 presented them to a group of four other professionals with the intent to change the way we approach financial planning: from institutions to people.  Bert knew that as it currently stood, the financial planning industry didn’t cater to the needs of the real people who walked into his office each day. He, like others, noticed ...

Financial planning reaches far beyond investments. It’s more than paperwork and numbers on a balance sheet; it’s about understanding and optimizing the full scope of a client’s financial horizon. We at ACP know financial planning to be a rich field with great depth and reach, but that isn’t the case for every client who walks through your doors. Sometimes the financial world can seem segmented to them, with a professional dedicated to just one area of their plan: insurance, investment, estate planning, taxes, etc.  While each area is important individually, how they inform, complement, and function together is the best way to get a comprehensive look at a financial picture. Financial planning means something different to every advisor, and for our community of advisors ...