Frank J. Corrado Jr. This is Me

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1. 1. www.lfadvisors.com

   www.lfadvisors.com/team/robert - [Cached]

   Published on: 7/19/2008   Last Visited: 7/19/2008

   Frank J. Corrado, Jr., CPA/CFP®

2. 2. www.cambridgeadvisors.com

   www.cambridgeadvisors.com/web/ - [Cached]

   Published on: 12/12/2006   Last Visited: 5/12/2008

   One of the four panelists invited to participate in the discussion was Frank Corrado of Lighthouse Financial Advisors in Red Bank, New Jersey.As the panel argued the merits of separately managed accounts (SMAs), Corrado weighed in: "It comes back to value.
   ...
   When the discussion turned to the controversial topic of the Certified Financial Planner Board of Standards Inc.'s proposed changes to the code of ethics and practice standards for CFP designees, Corrado voiced his opposition to the opt-out provision that would allow some CFPs to opt out of a fiduciary responsibilty to a client, as long as it is disclosed, primarily because he believes it would dilute the value of the designation: "The CFP is probably the most recognized financial planning designation out there, and I think it's in their best interest to be able to put as many stringent standards behind that, including ethics and fiduciary standards.
   ...
   "Planning is an industry that needs to find a way to become a profession," says Frank Corrado of Lighthouse Financial Advisors in Red Bank, New Jersey.Stressing that financial planners need to act in the best interests of clients at all times, he points out that this can be accomplished "only by creating and maintaing trust."And finding products isn't the key; instead finding answers and services that fit each client's special situation should be the focus.Adds Corrado, "Right now, unfortunately, I think it's an industry, and if we want to be there with medicine or accountants or lawyers, we better become very clear as to what it means to become a profession."

3. 3. www.cambridgeadvisors.com

   www.cambridgeadvisors.com/web/ - [Cached]

   Published on: 12/31/2007   Last Visited: 5/12/2008

   Frank Corrado of Lighthouse Financial Advisors in Red Bank, New Jersey counts himself in the latter group."It's no different than saying you won't look at 401(k) assets just because you're not getting paid for it," he says, adding that "I have to believe that any advisor worth his salt, even if he's not being paid for it, should be thinking about a client's equity in real estate along with any other real estate investments."
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   "Section 529 plans are appealing to taxpayers who want to avoid estate taxes," says Frank Corrado of Lighthouse Financial Advisors in Red Bank, New Jersey, adding that "[such] plans aren't covered by the $12,000 gift tax annual exclusion, and it's a good way to put money away ahead of time."