Richard Sherman, a cornerback for the NFL’s Seattle Seahawks, is keeping an eye on cryptocurrencies in 2018 and his top three to watch are Ripple, Ethereum and Bitcoin Cash. The Pro Bowl cornerback, who is an official spokesperson for COBINHOOD, a zero-fee crypto trading platform, shared his digital currency picks in an article for Business Insider. Sherman said while he was injured this past NFL season he had more time to spend with his family and also learn about cryptocurrencies. The professional football player said one of the biggest issues with the new asset class is steep trading fees, and he called for other exchanges to reduce theirs, like COBINHOOD. All four wirehouses have barred advisors from trading cryptocurrencies.
Richard Salmen, a financial planner and past president of the Financial Planning Association, has started his term as chair of the Certified Financial Planner Board of Standards’ board of directors. Blaine Aikin, CEO of fi360, served as chairman in 2017. Salmen takes over just as the CFP Board released its revised proposed code of ethics and standards of conduct. The comment period ends Feb. 2. Family Investment Center recently tapped Salmen to expand its financial planning services at its office outside of Kansas City, Mo. Prior to that, he was interim CEO of Northern Financial Advisors. Salmen also served on active duty in the U.S. Army and as a captain in the U.S. Army Reserve. He was an air traffic controller in Kansas for nearly 25 years, and he continues to fly as a private pilot.
Envestnet Tamarac launched a new document vault in its newly revamped client portal on Wednesday. The improved electronic file storage system will be more secure and make it easier for advisors to share and manage documents with clients and third parties, the company said in a statement. The system, designed for registered investment adviors, also eliminates the need for advisors to work with a third-party vendor for file storage and sharing, which Stuart DePina, president of Envestnet Tamarac, said “will help RIAs operate with greater efficiency and profitability.” Among the new features, advisors can mass upload documents to send to clients, such as those from custodians, and securely view documents via the mobile app.