About Fi360.com

Posted on February 24, 2009 by Dr. David Edward Marcinko MBA MEd CMP™

Education for Financial Fiduciaries

Staff Reportersnyse1

According to the firm and website, www.Fi360.com offers a full circle approach to investment fiduciary education, practice management and support that has established it as the go-to source for investment fiduciary insights.

 

The Term “Fiduciary” Defined?

And, Fi360 defines an investment “Fiduciary” as:

“Someone who is managing the assets of another person and stands in a special relationship of trust, confidence, and/or legal responsibility”

Related definitional info: www.HealthDictionarySeries.com

Practitioner Based

With substantiated best-practices as a foundation, the firm offers training, tools and resources that are essential for fiduciaries and those who provide services to fiduciaries to effectively and successfully manage their roles and responsibilities. Fi360 say it is committed to assisting those who rely on their education programs, Web-based analytical software and resources to achieve success.

Training

Fi360 offers both AIF® and AIFA® training curriculums. The AIF® curriculum instructs investment fiduciaries on how to fulfill their duties to a defined standard of care. The AIFA® curriculum instructs participants on how to assess the conformance of investment fiduciaries to a Global Fiduciary Standard of Excellence [GFSE] using an ISO-like assessment process. These training curriculums are available in both classroom and Web-based settings; customized program are also available. Participants who successfully complete the programs, submit dues, agree to a code of ethics and meet other prerequisites may earn the AIF® or AIFA® designations, respectively.

Goals and Objectives

The goal of Fi360 is to help investment fiduciaries manage their responsibilities. But, according to Bennet Aiken AIF®, Fi360 Communications Coordinator, it is important to realize that AIF® / AIFA® designees are not required to be fiduciaries. While these designations are symbolic of training, knowledge and ongoing fiduciary development, they do not mean certification holders will always be acting as a fiduciary.

Assessment

Publications, blogs, articles, national conferences, assessments and more material for the collective and ongoing support of the fiduciary community are available; many for free and/or for the general public.

Conclusion

And so, your thoughts and comments on this Medical Executive-Post are appreciated. But, why would a healthcare institution, medical practice, clinic or individual physician-investor hire anyone who will not act as a fiduciary and put their interests first; especially an AIF®/AIFA certification holder?

Note: Beginning today, and for the entire month of March 2009, we will be posting an exclusive interview with Bennett Aikin AIF®, the Communications Coordinator for fi360.com. Our topic will be on the rules, regulations and very definition of the modern financial fiduciary. Perhaps he can explain it all? Don’t miss it!

Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com  or Bio: www.stpub.com/pubs/authors/MARCINKO.htm

Our Other Print Books and Related Information Sources:

Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

Physician Advisors: www.CertifiedMedicalPlanner.com

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Filed under: "Advisors Only", "Doctors Only", Ethics, Financial Planning, Glossary Terms, Insurance Matters, Investing, Portfolio Management, Quality Initiatives, Research & Development, Risk Management | Tagged: , , , , , , |

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7 Responses

  1. Mike, on January 23, 2009 at 12:44 PM said:

    Pray for Rain – and Go Away Thain,

    Former Merrill Lynch CEO John Thain just resigned from Bank of America at the request of its chief executive officer Kenneth Lewis.

    Rest assured, I have never been a fan of Merrill, its CEO predecessor, or its legion of stock-broker salesmen and related shills. Nor, have I been a fan of Ken Lewis or the BoA, itself. But, I do applaud Lewis for firing Thain.

    Want more; OK, if you paid an overdraft or over-limit fee after using a BofA debit card in recent years, you may be able to apply for $78 in a proposed lawsuit settlement. The bank did not admit to wrongdoing in the allegation that it charged overdraft and over-limit fees that it should not have. Fiduciary accountability; I don’t think so?

    Now, if Ken would just resign, perhaps we could begin to get back to a “new-norm’. One that is much less egregious.

    -Mike

    Like

  2. Dr. Marcinko, on February 18, 2009 at 10:40 PM said:

    Hi Mike,

    Let us all reject Mary Schapiro as SEC chairman. She did a terrible job of regulating the BDs. Let us take back our fiduciary destiny.

    Thanks for the comments.

    Dr. David Edward Marcinko; MBA
    [Publisher-in-Chief]
    http://www.CertifiedMedicalPlanner.com

    Like

  3. Dr. Marcinko, on March 3, 2009 at 1:42 AM said:

    Reject Mary Shapiro as SEC Chairwoman

    It is time for us to reject President Obam’s nomination of Mary Shapiro as SEC Chairman. Putting Mary Shapiro at the helm of the SEC will be the death knell for fiduciary standards. And, it sends the wrong message to an already severely tainted industry.

    Let us take back [if we ever had it] the integrity of the financial planning and advisory space. Write your two senators and tell them to reject Mary Shapiro. She has done a terrible job regulating the industry, to date. We need more accountability; not less.

    Fraternally,
    Dr. David Edward Marcinko; MBA, CMP™
    http://www.CertifiedMedicalPlanner.com

    Like

  4. Red, on April 17, 2009 at 11:04 AM said:

    Ann and Hope,

    The interview with Ben Aikin was impressive; full of useful information. As always, you guys are ahead-of-the curve.

    Redmund

    Like

  5. A citizen, on April 17, 2009 at 1:34 PM said:

    Become a fiduciary advisor – or shut up as a financial advisor.

    Like

  6. Grant, on January 14, 2010 at 4:38 PM said:

    Physician Economic Fiduciaries

    Doctors Owe Patients Fiduciary Responsibility
    http://www.kevinmd.com/blog/2010/01/doctors-owe-patients-fiduciary-responsibility.html

    Grant

    Like

  7. Dr. David Edward Marcinko MBA CMP™, on March 25, 2011 at 6:50 PM said:

    Another [New] Designation for FAs

    Fiduciary fever is spreading, from the recent Securities and Exchange Commission study recommending a uniform fiduciary standard for both broker-dealers and investment advisors to U.S. Department of Labor efforts to extend its own, tougher fiduciary standard to anyone offering advice regarding retirement plan assets, including IRAs.

    And now, there’s the Registered Fiduciary (RF) standard created by Dalbar Inc., a Boston-based financial services market research firm.

    http://www.fa-mag.com/fa-news/7049-dalbar-creates-new-fiduciary-standard-for-advisors.html

    Yet, the Certified Medical Planner™ charter designation has always demanded fiduciary accountability at all times; and even before the current SEC study.

    Dr. David Edward Marcinko MBA CMP™
    http://www.CertifiedMedicalPlanner.com

    Like

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