After abruptly leaving the CFP Board last month, the organization’s former chairman has a new job.

Alan Goldfarb, who resigned from the board in early November amid allegations of improper conduct, has left Weaver Wealth Management and launched his own planning firm in Dallas, in affiliation with San Jose-based RIA firm Concert Wealth Management.

"I restarted my old firm, Financial Strategies Group," Goldfarb says. "My intent is to develop a boutique practice in north Dallas to serve the comprehensive planning needs of high-net-worth individuals."

Goldfarb has contracted with Concert, an RIA firm, for back-end support. "We're using their operations and compliance work so that we can spend more quality time with clients and less time in operational mode," he says.

After his resignation in November, Goldfarb said he planned to defend himself and clear up what he termed a misunderstanding over his compensation -- but CFP Board CEO Kevin Keller said at the time that disciplinary measures were being considered and added that Goldfarb's description of the alleged violation was "not correct." Disciplinary proceedings that result in a public sanction are made public once an inquiry is complete.

Goldfarb left Weaver at the end of November; he is hiring staff now and expects the new firm to be open for business early in the new year.

He says the move was unrelated to his departure from the CFP Board: "Unfortunately, it was similar timing but [the two events] had nothing to do with each other."

Neither Weaver nor Concert responded to requests for comment.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access