Richard Schultz is a credentialed member of a number of highly regarded associations in the field of financial services. These associations only bestow credentials on those members who have demonstrated extensive knowledge and experience in their fields.
Certified Financial Professional™
Not all financial planners are “certified.” Only those who have fulfilled the rigorous certification and renewal requirements of the CFP Board of Standards can display the Certified Financial Planner™ mark of distinction.
Those awarded the CFP designation have agreed to abide by the CFP Board’s Code of Ethics and Professional Responsibility which requires them to act fairly and diligently when providing clients with financial planning advice and services, putting client interests first.
The Code of Ethics states that CFP® practitioners have a fiduciary duty to their clients, and are thus required to are to act with integrity. CFPs are required to provide their clients with information about their sources of compensation and any conflicts of interest, in writing. For more information, go to www.cfp.net.
National Association of Personal Financial Advisors (NAPFA)
To promote the public interest by advancing the profession of financial planning based upon all our core values, thereby improving the quality of clients’ lives.
Before gaining acceptance as a NAPFA-Registered Financial Advisor, an individual must meet very strict membership standards focusing on education and training as well as services offered and compensation earned. The advisor must:
- Have advanced education in the field
- Have at least three years of comprehensive financial planning experience
- Have a bachelor’s degree, or its equivalent
- Submit to an independent review to show compliance with existing investment advisor regulations and Fee-Only compensation requirements
- Submit a financial plan for peer review
- Agree to complete 60 hours of continuing education every two years
NAPFA Fiduciary Oath:
The advisor shall exercise his/her best efforts to act in good faith and in the best interests of the client. The advisor shall provide written disclosure to the client prior to the engagement of the advisor, and thereafter throughout the term of the engagement, of any conflicts of interest, which will or reasonably may compromise the impartiality or independence of the advisor.
The advisor, or any party in which the advisor has a financial interest, does not receive any compensation or other remuneration that is contingent on any client’s purchase or sale of a financial product. The advisor does not receive a fee or other compensation from another party based on the referral of a client or the client’s business.
For more information, go to www.NAPFA.org.
The Paladin Registry
Richard Schultz is rated as a Five-Star Advisor in the Paladin Registry, a web-based service that helps investors find, evaluate, select, and terminate financial advisors.
Paladin uses a proprietary algorithm to rate the quality of retirement professionals who provide planning and investment services for retirement assets. The ratings range from one to five stars. Financial advisors must achieve the highest quality 5 star rating to be profiled in Paladin’s Registry of Financial Professionals. Paladin Registry has been featured in the Wall Street Journal, Forbes, Business Week, The Washington Post, the Chicago Tribune, and Kiplinger’s Personal Finance publications.
Paladin researches the credentials, ethics, and business records of all the advisors that are listed in their directory. Admittance to the Registry is limited to those that meet seven minimum requirements which include
- being a Registered Investment Advisor (RIA),
- an acknowledged fiduciary,
- practice full transparency for credentials,
- a fee-only or fee-based service base (as opposed to commission only),
- have a clean compliance record, and
- have over 5 years of financial service experience. The average level of experience is 17 years.
The National Association of Active Investment Managers (NAAIM)
The National Association of Active Investment Managers was formed in 1989 as a non-profit association of registered investment advisors who provide active money management services to their clients, in order to produce favorable risk-adjusted returns as alternatives to more passive, buy and hold strategies.
NAAIM defines “active investment management services” as taking an active role in the ongoing process of investment selection and risk management with the objective of improving a portfolio’s risk/reward relationship. At Schultz Financial, we call this “Active Portfolio Management.”
NAAIM has over 200 member firms nationwide, managing over $30 billion. Members range from small regional firms to large national firms including hedge fund managers, mutual fund companies, and a variety of other firms that provide professional services to investment advisory firms.
Richard has been a member of NAAIM since 2011.
For more information go to www.naaim.org.
MD Preferred Physician Services Provider
Each year, US Medical Specialties, Inc., an international medical consulting firm, helps physicians and other healthcare professionals find community based, “doctor friendly” financial advisors.
Richard Schultz has been recognized for the third consecutive year in 2013 by MD Preferred for his service to physicians.
Every MD Preferred affiliated professional is recognized for their commitment to serving the healthcare industry. They often work in close concert with other community based professionals helping area medical providers attract and retain talented physicians and medical staff.
Financial advisors that display the MD Preferred Service Medallion are uniquely qualified to act as recruiting partners to area practice managers and hospital administrators. These knowledgeable professionals can tell the community story while the medical recruiter focuses on the clinical opportunity. Their understanding of the special needs of physicians and their families saves everyone time and resources.”
Click or tap here to learn more about MD Preferred.