Description: The majority of clients most Financial Planners engage with have strong credit but occasionally we encounter clients who do not. Credit scores have a broader impact than what we often recognize often affecting the pricing of auto & life insurance as well as job and rental applications to name a few. Ashley Murphy CFP® AIF®, Founder and Principal of Areté Wealth Strategists, discusses how financial planners can help clients manage, monitor and improve this vital part of a client's financial life.
Learning Objectives/Outcomes: After taking this course, participants will be able to:
- Identify where a client's credit score may be impacting their financial life
- Provide advice to clients on how their credit score is calculated and what they might do in the near term to improve their score
- Take practical steps to monitor their credit and do scenario planning to see what difference certain changes would make to their credit score.
Instructor: Ashley Murphy
In 2013, Ashley founded Arete Wealth Strategists, a fee-only financial planning and investment management firm for Australian/American expatriates. He has been quoted in the Wall Street Journal and was profiled in Financial Advisor Magazine. From 2014 - 2017, Ashley taught aspiring CFP candidates at UC Berkeley Extension and Golden Gate University. Presently, he is a Knowledge Circle host for the International and Cross-Border Knowledge Circle with the FPA and a regular conference speaker. He was awarded the CFP® designation in 2012 and voted Secretary of FPA NexGen the same year. Ashley is currently undertaking CFP® studies in Australia which will make him one of the only financial advisors qualified in both countries when completed.
Ashley is a tri-citizen of the USA, Australia and the UK. In 2005, he ventured to the United States to pursue his dreams in the San Francisco Bay Area. He began the transition to financial planning in 2008 and in 2009, completed the first level of the Chartered Financial Analyst (CFA) designation. In 2010, Ashley was named runner-up ‘Student of the Year’ in the UC Berkeley Extension’s Personal Financial Planning program and won a number of scholarships.
Spurning offers from major ‘wirehouse’ banks, Ashley chose to learn the business from the ground up and worked at David White and Associates (DWA) as a paraplanner. He supported 16 financial advisors with their financial plans, insurance/annuity illustrations and custom client analyses. In 2013, Ashley founded Arete Wealth Strategists as a state Registered Investment Advisor (RIA).
Principle Knowledge Topic: Risk Management and Insurance Planning
CFP® Credits: 1