Goodwin Receives Certified Plan Fiduciary Advisor Credential
Franklin, Tenn — HawsGoodwin Chief Operating Officer and managing partner Cam Goodwin has received the Certified Plan Fiduciary Advisor (CPFA) credential from the National Association of Plan Advisors (NAPA.)
According to NAPA, the CPFA credential was developed by some of the nation’s leading advisors and retirement plan experts and demonstrates the recipient advisor’s knowledge, expertise and commitment to working with retirement plans.
Plan advisors who earn their CPFA obtain the expertise required to act as a plan fiduciary or help plan fiduciaries manage their roles and responsibilities.
In early April of this year, the Department of Labor (DOL) published a much anticipated rule that provides an in depth overview of a financial advisor’s fiduciary responsibility to his or her clients. In essence, the DOL ruling requires an advisor to put the interests of a client before their own compensation — an investment philosophy that has been a cornerstone of the HawsGoodwin firm since its inception in 2008.
According to Scott Cooley, Director of Policy Research with Morningstar, the DOL rule provides important protections for investors, such as the following:
In the past, when brokers needed to meet only a suitability requirement, they frequently persuaded investors to roll money out of low-fee 401(k) plans to higher-fee IRAs. That sales-oriented conduct simply imposed unacceptable costs on retirement investors — many of whom, surveys showed, already thought their broker had to work in their best interests.
“HawsGoodwin can say with absolute confidence that we have placed our clients’ interest before our own since the day we opened our doors,” said CEO and managing partner Art Haws. “Cam’s determination to further that commitment through this NAPA credential demonstrates his drive to be at the forefront of our industry by embracing his fiduciary responsibility to the fullest extent. Ultimately, this will be of significant benefit to our clients, and we applaud his efforts and his leadership.”
HawsGoodwin Financial is an SEC registered investment advisory firm specializing in wealth management, investment and retirement planning, corporate retirement plans, and employee benefits. To learn more, visit www.hawsgoodwin.com.