Recommendation for Financial Planners

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By on June 18, 2014 in Q&A with 0 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.

© 2020 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 firm that provides pre-retirement training and seminars to a wide variety of federal agencies. FCE’s instructors are all retired federal retirement specialists who educate class participants on the ins and outs of federal retirement and benefits; there is never an attempt to influence participants to invest a certain way, or to purchase any financial products. John and FCE specialize in retirement for special category employees, such as law enforcement officers.

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