Stephen Frederick Horstmann
OVERVIEW
Stephen Frederick Horstmann, CFP, who also goes by Stephen Horstmann, was a registered financial professional.
Stephen is a previously registered financial professional and started their career in finance in 2020. Stephen had worked at 1 firm and has passed the Series 65 exam.
A Certified Financial Planner (CFP®) can work independently without being associated with a Registered Investment Advisory (RIA) or a Broker Dealer (BD). They also do not have to register themselves as an Investment Advisory Representative (IAR) or a Registered Representative (RR). These are rare instances, however they are increasing as our education system provides paths for directly becoming a CFP straight through accredited higher education programs.
You will find some CFPs working as journalists at publications, and others who work at an independent company that provides financial plans for individuals. Some CFPs do not manage money and instead help their clients with financial planning instead, which gives more of a holistic overview of how one should treat their finances in their lives.
The CFP board takes extra measures to ensure that in order for a financial planner to maintain their status as a CFP, they have to go through a rigorous qualification process that is separate to the qualification process set forth by FINRA and the SEC. They are required to complete continuing education (CE) credits on a biannual basis, much like how a healthcare practitioner has to maintain their license. In addition to that, CFPs are required to abide to the CFP Board’s Code of Ethics and Standards of Conduct, which includes the Code of Ethics and Professional Responsibility.
When alleged violations to its ethical standards are brought to the CFP board’s attention, they will investigate the matter further. At times, certain CFPs can receive public censures, suspensions, temporary bars, permanent bars and revocations of the right to use the CFP® marks.
If firm data does not appear under a specific CFP, or no employer (RIA or BD) is associated with a particular CFP, do not take this as a sign that the CFP is not a credible financial planner to work with. Instead, it is important to review disclosure information and to run a background check to provide an additional layer of due diligence before receiving financial services from this CFP. As a conflict free source of information and statistics, we hope to empower you on your decision of which financial professionalto work with through our commitment to greater transparency.
Disclosures
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Disclosures in the financial services industry fall under the following categories: criminal or civil penalties, customer disputes, fines, regulatory actions, financial, civil bonds, liens, separations with employers or judgments.
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Advisor Information
Firm Information
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Stephen Frederick Horstmann
Experience: 3 years / 1 firms
CRD#: 7004090
The lack of due diligence on a financial advisor costs Americans billions each year. While most of our public information could help you choose the right advisor, taking a deeper dive into disclosures is going to shed a deeper light on whether or not you feel comfortable moving forward with a particular financial advisor.
Disclosures range from criminal or civil penalties, customer disputes, fines, regulatory actions, financial, civil bonds, liens, separations with employers or judgments. Access disclosures with a free AdvisorCheck membership.
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