COMPENSATION AND CONFLICTS OF INTEREST  

Luana Mobley Corral is compensated by both fees and commission.

Luana Mobley Corral is associated with Crossroads Consulting of South Florida, Inc. for pre-divorce planning.  She receives a portion of the fees paid to Crossroads Consulting of South Florida, Inc.  

Luana Mobley Corral is associated with Associated Financial Consultants, Inc. (AFC) for non-securities related insurance and annuity products.  Luana Mobley Corral is also insurance licensed to offer fixed insurance products through various insurance companies. Clients are not obligated to execute insurance purchases through this insurance licensed individual.  However, if clients do choose to execute insurance purchases, the clients will pay a commission and a conflict of interest does exist.

Luana Mobley Corral has a business relationship with AFC.  As such, all retirement plan consulting services are provided by AFC. 

Luana Mobley Corral is associated with Associated Investor Services, Inc., (AIS) a Registered Investment Advisory firm, for financial planning.  Luana Mobley Corral receives a portion of the fees paid to AIS.

Luana Mobley Corral is securities licensed through Investacorp, Inc. a registered broker-dealer, member FINRA, SIPC.  Clients are not obligated to execute securities transactions through this licensed individual. However, should clients choose to execute securities transactions through this licensed individual, the clients are advised that they will pay a commission and as such there exists a conflict of interest.

Luana Mobley Corral is affiliated with Investacorp Advisory Services, Inc (IAS), a SEC registered Investment Advisory firm as Investment Advisor Representative.  In such capacity, she would receive compensation from IAS with regards to third party money managers and fixed fee programs. As such, a conflict of interest does exist.

We do not know of any additional conflicts.  We will disclose to you any that arise at that time.

As a CFP® certificant, Luana Mobley Corral acknowledges responsibility to adhere to the standards established in CFP Board’s Standards of Professional Conduct, including the duty of care of a fiduciary, as defined by the CFP Board.  If a client becomes aware that her conduct may violate the Standards, they may file a complaint with CFP Board at www.CFP.net/complaint.


About the CFP® Certification

The CERTIFIED FINANCIAL PLANNER™, CFP® and federally registered CFP marks (collectively, the “CFP® marks”) are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”). 

The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. 

To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements:

  • Education – Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor’s Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board’s financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning;
  • Examination – Pass the comprehensive CFP® Certification Examination. The examination includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real world circumstances;
  • Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and 
  • Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals.

Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP® marks:

  • Continuing Education – Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and 
  • Ethics – Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP® professionals provide financial planning services at a fiduciary standard of care. This means CFP® professionals must provide financial planning services in the best interests of their clients.

CFP® professionals who fail to comply with the above standards and requirements may be subject to CFP Board’s enforcement process, which could result in suspension or permanent revocation of their CFP® certification.

Source: CFP Board