Recommendation for Financial Planners

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By on June 18, 2014 in Q&A with 6 Comments

Q: Can you suggest a source for a list of certified financial planners specializing in matters concerning federal employees? I need investment advice and a look at all aspects of retirement under the FERS system. I’m NOT looking for someone to sell me securities–I need advice with an overall plan for retirement, including insurance, long term care, TSP, etc. preferably a fee based CFP.

A: I do not make recommendations of individual planners due the fact that it might appear to be a conflict of interest for someone in my position to do so.  I guess I worked for an enforcement/regulatory agency for too long.

As you want a fee only financial advisor, I would suggest you go to the website of the National Association of Personal Financial Advisors (www.napfa.org) and use their search tool.  You can search by zip code and refine that search by area of specialty.  Unfortunately, they do not have a “federal employee” area of specialty, but there a couple of choices dealing with retirement and with employee benefit plans that can narrow the search dramatically.  Once you have narrowed the search, you can view the individual’s or firm’s website and see if they make mention of federal employees.

There is a designation called Chartered Federal Employee Benefits Consultant (ChFEBC), that indicates the individual has a minimum level of knowledge of federal benefits.  Individuals who have that designation should have enough knowledge to, at a minimum, do no harm.

I hope this is helpful.

Agencies can request to have John Grobe, or another of Federal Career Experts' qualified instructors, deliver a retirement or transition seminar to their employees. FCE instructors are not financial advisers and will not sell or recommend financial products to class participants. Agency Benefits Officers can contact John Grobe at [email protected] to discuss schedules and costs.

© 2017 John Grobe. All rights reserved. This article may not be reproduced without express written consent from John Grobe.

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About the Author

John Grobe is President of Federal Career Experts, a consulting firm that specializes in federal retirement and career transition issues. He is also affiliated with TSP Safety Net. John retired from federal service after 25 years of progressively more responsible human resources positions. He is the author of Understanding the Federal Retirement Systems and Career Transition: A Guide for Federal Employees, both published by the Federal Management Institute. Federal Career Experts provides pre-retirement seminars for a wide variety of federal agencies.

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