/PRNewswire/ — Relying on extensive consumer research and user testing, Certified Financial Planner Board of Standards, Inc. (CFP Board) recently launched its… BIDU stock continues to drive higher on news that Baidu could soon be making its own electric vehicles. Here’s why that matters. One of the main purposes of the MOU is to examine opportunities for possible collaboration, including cross-listing of securities, mutual trading between members of the stock exchanges, investor access to both markets, the establishment of fintech and other market infrastructure technologies, and the sharing of data and other information for the development of new products. Support for bills to encourage community investment in housing and funding more units are among the short-term goals of a council tasked with addressing broad issues around housing affordability and stability, according to its report submitted to Gov. Chris Sununu.
WASHINGTON, Dec. 16, 2020 /PRNewswire/ — Relying on extensive consumer research and user testing, Certified Financial Planner Board of Standards, Inc. (CFP Board) recently launched its redesigned and updated consumer-facing website, LetsMakeAPlan.org (LMAP). The refreshed website includes updated content and a modernized interface with a mobile friendly design to improve user experience, educate consumers on financial planning concepts and provide resources to find and evaluate CFP® professionals.
CFP Board partnered with Heart + Mind Strategies LLC to conduct an intensive consumer research study from June-September 2020 to inform the redesign of the website. The research found that consumers preferred that LMAP provide content that enables them to gain a better understanding about financial planning, information on how to evaluate the best way forward with a financial professional, and guidance in searching for a CFP® professional that fits their circumstances.
CFP Board constructed the new website to account for these areas. CFP Board expanded LMAP’s content to cover topical knowledge and guidance that consumers are seeking from a financial planner, including retirement planning, investment advice and management, and tax and estate planning. The resources for finding and evaluating a CFP® professional also feature an updated set of questions to prepare consumers for a possible engagement with a financial planner, which can be used as the basis for a conversation with a financial planner.
“The LetsMakeAPlan.org website was created in 2011 specifically to support consumer awareness of financial planning and access to CFP® professionals, making it vital to include the consumer’s voice in the redesign of the site,” said CFP Board CEO Kevin R. Keller, CAE. “This consumer driven approach follows the recommendation made in 2019 by our Independent Task Force on Enforcement that CFP Board should conduct consumer testing on LMAP.”
Our research suggested that consumers need, but often lack, knowledge on how to pay a financial planner, if they can afford financial planning and how to assess if the return is worth the investment. The redesigned website provides new educational information and guidance on the different ways a client may pay a financial planner. In a future site update, CFP Board will be adding a feature that will add new information to CFP® professionals’ listings about how a consumer pays for the planner’s services, such as hourly fees, flat fees or a percentage of assets under management, among other options. These payment types will also be included in an optional search filter for the “Find a CFP® professional tool.
“Last March, CFP Board removed compensation method information from the listings of CFP® professionals on the ‘Find a CFP® Professional’ tool,” added Keller. “There were several reasons for our removal of compensation method information, including CFP Board’s neutral stance on business models and compensation methods. The fact of the matter is that the three compensation method categories previously in the listings may have been understandable to advisors but may not have been meaningful for consumers. Consistent with our communications on this topic in March, we conducted consumer research to address this, and as a result, our redesigned site now provides educational content on how to pay for financial planning services.”
LMAP will continue to include the disciplinary history of CFP® professionals as well as a direct link to the certificant’s profile in FINRA’s BrokerCheck and the SEC’s IAPD (Investment Adviser Public Disclosure) websites. This disclosure on LMAP also encourages consumers to visit their state securities regulator’s website for more information about brokers and investment advisers, their state insurance department website for more information about insurance professionals, as well as the website for the Office of the Comptroller of the Currency (OCC) for more information about any enforcement actions against individuals who are subject to OCC oversight.
ABOUT CFP BOARD
Certified Financial Planner Board of Standards, Inc. is the professional body for personal financial planners in the U.S. CFP Board sets standards for financial planning and administers the prestigious CFP® certification – one of the most respected certifications in financial services – so that the public has access to and benefits from competent and ethical financial planning. CFP Board, along with its Center for Financial Planning, is committed to increasing the public’s awareness of CFP® certification and access to a diverse, ethical and competent financial planning workforce. Widely recognized by firms and consumer groups as the standard for financial planning, CFP® certification is held by more than 87,000 people in the United States.
SOURCE Certified Financial Planner Board of Standards, Inc.
Author: Certified Financial Planner Board of Standards, Inc.
BIDU Stock: 11 Things to Know About Baidu and Its Big EV News
On most days, investors consider Baidu (NASDAQ:BIDU) an interesting equity for its role as a Chinese internet search giant. However, BIDU stock has been climbing higher this week on a different catalyst. According to reports, the company is now moving into the world of electric vehicles, and investors like what they are hearing. So what do you need to know?
To start, what is the big news? Well, Reuters reported yesterday that Baidu is in talks to make its own electric vehicles. It is no secret that anything to do with EVs has been red hot, making the move quite appealing for fans of BIDU stock.
With that in mind, here are 11 things to know about the Baidu news now:
So why does this news really matter for Baidu and BIDU stock? Importantly, everything electric has been working in the stock market lately. More companies continue to come public, legacy automakers are switching over to the EV world and Tesla (NASDAQ:TSLA) continues to dominate. The sheer popularity of electric vehicle stocks alone makes this news intriguing for Baidu.
However, industry experts have been quick to point out that Baidu already operates a unique spot in this market. In terms of self-driving vehicles, many see Baidu as a rival to Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and its Waymo project. This is because both are operating fleets that have near full autonomy but also incorporate human safety drivers. Additionally, some critics have suggested that Baidu vehicles may operate better than their Waymo counterparts.
Essentially, Baidu has already made a name for itself in autonomous driving. It has vehicle partnerships, is ramping up its robotaxi fleet and is looking like a serious competitor in that hot market. As Rich Smith wrote for The Motley Fool, its size and reputation could help it do the same in the world of electric vehicles.
Keep an eye on BIDU stock here. After closing higher Tuesday by 13.8%, shares are up another 3.8% in pre-market trading.
On the date of publication, Sarah Smith did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Sarah Smith is a Web Content Producer with InvestorPlace.com.
Sarah Smith, InvestorPlace Web Content Producer
Tel Aviv and Abu Dhabi Stock Exchanges Sign MOU on Cooperation
Photo Credit: Kobi Richter/TPS
The Abu Dhabi Stock Exchange (ADX) and the Tel Aviv Stock Exchange (TASE) signed a historic Memorandum of Understanding (MOU) on Wednesday that will, for the first time, allow companies in the United Arab Emirates (UAE) and Israel new opportunities for financing and investment and for cooperation in the development and commercialization of innovative technologies in the capital market.
This is Israel’s first commercial connection in the Arab world.
The MOU will allow the opening of communication channels that will strengthen the cooperation between the two stock exchanges and contribute to the growth of capital markets in the UAE and Israel.
ADX Chairman Mohammed Ali al-Shorafa al-Hammadi signed for the UAE and TASE Chairman Amnon Neubach signed for Israel in a virtual ceremony.
This MOU is an important part of the two countries’ efforts to expand diplomatic and commercial cooperation, as it paves the way for the development of mutual relations through the encouragement of economic growth and the promotion of technological innovation.
One of the main purposes of the MOU is to examine opportunities for possible collaboration, including cross-listing of securities, mutual trading between members of the stock exchanges, investor access to both markets, the establishment of fintech and other market infrastructure technologies, and the sharing of data and other information for the development of new products.
The goals guiding the parties are to create easy access between the two capital markets and to build an attractive market for all major stakeholders, including trading companies, investors and agents, as well as suppliers and consumers of information.
Al-Hammadi talked about “the opening of a new era” that “leads to the growth of commercial opportunities.”
He described the MOU as “the first swallow of the collaboration and testifies to our commitment to creating value in the region, through business and commerce.”
CEO of ADX Saeed Hamad Al Dhaheri added that the MOU is “an example of mutually beneficial cooperation between the sharing of ideas, information and initiatives, which add value to both parties.”
Neubach stated that the new collaboration will “open the door to important opportunities for companies traded in both countries.”
Itai Ben Zeev, CEO of the Tel Aviv Stock Exchange, said that the MOU “lays the foundations for real and meaningful cooperation and testifies to the great interest in the Israeli capital market for international investors seeking to invest, among other things, in technology and growth companies in Israel.”
Israel, the UAE and Bahrain signed a historic peace agreement at the White House on September 15, the first agreement to be signed between Israel and an Arab country in 25 years.
Announced on August 13, the Abraham Accords is the first between a Gulf state and Israel and is expected to lead to similar agreements with other Arab countries, possibly Oman or Saudi Arabia.
Author: Aryeh Savir, Tazpit News Agency
Report supports housing investment, support for families
CONCORD, N.H. (AP) – Support for bills to encourage community investment in housing and funding more units are among the short-term goals of a council tasked with addressing broad issues around housing affordability and stability, according to its report submitted to Gov. Chris Sununu.
Sununu created the Council on Housing Stability last month after state police cleared a homeless encampment outside a courthouse in Manchester. It represents a revamping of the existing Interagency Council on Homelessness and has been instructed to update the state’s homelessness plan.
The council submitted its report to Sununu on Monday. It set goals to be accomplished as early as Jan. 30, 2021, such as supporting failed bills from the last legislative session on expanding the use of tax increment finance districts and relief programs to create more workforce housing across New Hampshire.
Sununu said he instructed teams within state agencies to move forward with recommendations that can be taken immediately through executive action, including an application for a federal waiver to support services to assist individuals and families in getting and obtaining housing by May 1, 2021.
Another immediate goal of the council is to start compiling economic and employment data to project the impact of COVID-19 with regard to housing vacancies, rent levels, and housing instability.
Copyright © 2020 The Washington Times, LLC.
Author: The Washington Times http://www.washingtontimes.com