BOZEMAN, Mont., Jan. 17, 2019 /PRNewswire/ -- CERTIFIED FINANCIAL PLANNERS™ from XY Planning Network (XYPN), the nation's leading organization of fee-for-service financial planners, are offering free emergency advice to federal employees affected by the ongoing government shutdown.
Furloughed government workers are encouraged to visit XYPN's Find an Advisor search portal on xyplanningnetwork.com, and search under the keyword "furlough" to find available CFP® professionals. All advisors on the platform are available to meet with furloughed government workers virtually, regardless of their location.
This member-led initiative was kickstarted by XYPN member Kevin Mahoney, CFP®, founder and CEO of Washington, D.C.-based financial planning firm Illumint.
"The shutdown is a good reminder of why financial planning is about so much more than just investments," says Mahoney. "In a situation like this, a financial advisor can help an impacted worker evaluate the challenging trade-offs that come with financial decisions during income uncertainty."
Soon after Mahoney announced he'll help furloughed workers free of charge, XYPN put out a call to hundreds of advisors in their Network inviting them to join the initiative. Within hours, more than 60 CERTIFIED FINANCIAL PLANNERS™ from coast to coast stepped up to offer their expertise free of charge as well, with more still signing on.
Advisors with XYPN are uniquely positioned to serve those most distressed by the shutdown, says XYPN co-founder Michael Kitces. "XYPN advisors are CFP® professionals who are focused on serving Generation X and Generation Y consumers – the bulk of today's workforce, including those who work for the Federal government. Through experience, they understand the importance of weekly and monthly cash flow planning, and the full impact that a missed paycheck can have for those who don't yet have a vast emergency fund or accumulated assets to rely upon. XYPN advisors are uniquely equipped to assist and offer practical solutions."
Mahoney agrees, "An advisor's input can empower these individuals to tune out the relentless public commentary about what's best for them. Everyone's financial circumstances are different, but only a financial advisor can provide people with the assurance that they're making the best decisions for their situation."
Federal employees in need of free financial advisor assistance during the furlough should make contact with a CERTIFIED FINANCIAL PLANNER™ via xyplanningnetwork.com's "Meet Our Advisors" section and searching for "furlough".
About XY Planning Network
XY Planning Network, with over 850 advisors, is the leading turnkey financial planning platform for fee-only financial advisors who want to serve their Gen X and Gen Y peers, providing comprehensive financial planning services for a monthly subscription fee and without product sales or asset minimums. The Network offers a virtual community for new and established financial advisors who want to serve a younger clientele, and provides its members compliance support services, marketing support, business tools and templates, and a wide range of technology solutions. http://www.xyplanningnetwork.com/
SOURCE XY Planning Network