Pro Bono Awards 2014: Meet the Winners

When Larry Glazer, a managing partner at Mayflower Advisors in Boston, got involved with the Jump$tart Coalition for Personal Financial Literacy back in 2008, he wasn’t volunteering with an established chapter. He was rebuilding one from scratch.

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Comments (1)
I think its a great idea to highlight Pro Bono work in this profession but must comment on one of your entrants mentioned in the article - San Tan Financial. The author clearly didn't research this entity because she would have found the "non-profit" known as HEFAR is really a sham and a marketing arm to prospect for clients for San Tan Financial. I know because I've been to HEFAR's offices in Phoenix as an interested parent looking for information to help us pay for college. Here's what I found:
1) The "volunteers" mentioned in the article are really commission-paid sales people who get paid to:
2) Look for opportunities to push 529 accounts or others and "refer" the business to San Tan Financial OR
3) Try to convince concerned parents to refinance their mortgages and therefore refer the business to their affiliated mortgage company.
4) Their "volunteers" are not finance-savvy or trained and when I went to show them my budget and list of assets I had prepared they pushed it aside and told me they wouldn't need to look at it. I thought the FAFSA would require this stuff, doesn't it?
5) Their for-profit business offices are in the same place as their "non-profit" HEFAR group.
6) What they provide FREE of charge from their non-profit is not even as good as the advice we received free from other college planning advisors in the area
7) We've seen their high school presentations and they are alright, but we've heard from various local high school counselors that they won't be invited back to speak, I assume because of the negative feedback parents gave the counselors after visiting HEFAR in their offices.

So, you see why I had to comment. I bet they'll even get reprints of this article and show it to their clients to try to show how philanthropic they are. A bunch of bull. In reality, it's just another ingenious way to market their financial products, and they're not even good financial advisors!
Posted by Ryon F | Friday, August 15 2014 at 3:05PM ET
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