The Financial Planning Coalition today announced

financial advice and increased consumer protections Ann Landers

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WASHINGTON, D.C., June 18, 2009 –

The Financial Planning Coalition today announced its support and appreciation for key elements of the President’s proposal for 21st Century Financial Regulatory Reform. The Coalition believes the President’s proposal demonstrates a clear commitment to heightened standards of transparency and
accountability for providers of financial advice and increased consumer protections.
The Obama administration has long been expected to release a proposal for addressing systemic risks in the structure of our financial institutions and systems to avoid future
situations of the type that helped create recent economic crises. The new proposal, released on June 17, goes beyond issues of systemic risk to address a wide range of consumer protection issues.
The President’s proposal calls for several initiatives designed to protect the interests of consumers, including re-writing standards for broker-dealers when providing
investment advice, raising the current standard and aligning it with the fiduciary standard currently in place for registered investment advisers
who provide investment advice. “The Coalition applauds President Obama’s announcement of the Financial Regulatory Reform proposal and the commitment to establishing
strong protections for consumers of financial products and services that is evident in the proposal,” said Marilyn Capelli Dimitroff, CFP®, Chair of Certified Financial Planner Board of Standards, Inc.
“The proposal’s recognition that providers of financial advice must be held to a fiduciary standard is an important development that will have lasting benefits for American
consumers. Given the increased responsibilities individuals hold for establishing their financial security, all Americans who seek professional financial advice deserve to receive services
provided in their best interests.” “The President’s proposals indicate the start of renewed attention to ways the financial service industry and our financial regulatory structures can best serve the public,” said
Richard Salmen, CFP®, CFA®, CTFA, EA, President of the Financial Planning Association®. “But while the proposal addresses several important issues, it does not fill all gaps in our
financial regulatory structure or address the baseline standards of competency needed to provide financial advice to the public. For example, a fiduciary standard for those registered as investment advisers or broker-dealers who provide financial advice does nothing to identify the baseline levels of training, examination or experience required to provide competent financial
advice. Many individuals not registered as investment advisers or broker-dealers provide – or claim to provide – financial advice to the public without having met essential training or
ethical requirements,
often leading to narrowly focused advice based on product solutions instead of objective advice focused on the client’s long-term financial goals.”
“We strongly believe all financial intermediaries who provide financial advice must be held to a bona fide fiduciary standard that places the consumer’s interest first,” said
Diahann W. Lassus, CFP®, CPA/PFS, Chair of the National Association of Personal Financial Advisors.
“We believe that functional regulation of financial planning, which is currently unregulated, would fill a critical regulatory gap and improve the financial health of Americans. We look forward to working with Members of Congress, the Administration, and others as the legislative process moves forward in the coming weeks.”
The Coalition was formed in December 2008 to provide the financial planning profession with a strong, unified voice in anticipation of proposals for financial regulation reform, advancing the

financial planning profession and enhancing consumer protection by encouraging regulations that will help the public identify those competent, ethical advice-givers who are subject to a fiduciary
duty in the delivery of financial planning services. The Coalition has called for the establishment of a professional standards-setting oversight board for financial planners that would be subject to SEC authority.

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At IMS, our goal for the past 33 years has been simple – Build a long term successful career graduates. IMS Proschool is an extension of the same mission although the route is different. Economic growth over the past decade has created new opportunities for graduates & professionals and IMS Proschool is helping them to tap these opportunities. IMS
Proschool’s goal is to provide relevant skills to graduates & professionals in the shortest possible time which will enable them to perform under challenging business environment.

IMS Proschool Success
* Created over 500 Associate Financial Planner’s
* Created over 100 CFP’s in short span of 24 months
* Trained over 6000 candidates on Financial Planning and Wealth Management
* More than 2000 candidates who are pursuing Financial Planning Education.

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Trainer to the Industry
* State Owned Banks – SBI, BOI, SBBJ, IDBI
* Foreign Banks – CITI, Deutsche
* Security Houses –Kotak Securities, ICICI Direct, Motilal Oswal, Tata Securities
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* Insurance Companies – ICICI Prudential

Institutional Tie- ups

* Partner of NISM, an initiative of SEBI (Security Exchange Board of India), to create Financial Planning proficiency among students across India.
* NSE India for Financial Modeling Certificate program administration.

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Posted by-SURAJ SHARMA,IMS PROSCOOL PUNE