Talk:Creative Planning
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Conflict of Interest - Edit Request
editThis edit request by an editor with a conflict of interest has now been answered. |
- What I think should be changed:
"The firm was founded in 1983 and is headquartered in Leawood, Kansas." should be "The firm was founded in 1983 and is headquartered in Overland Park, Kansas."
- Why it should be changed:
The current information about Creative Planning's headquarters is incorrect.
- References supporting the possible change (format using the "cite" button):
[1] 135.26.244.150 (talk) 17:56, 23 April 2021 (UTC)
References
- Please specifically tell us what needs to be changed (ie. it was founded in 1988) otherwise we will not know. HickoryOughtShirt?4 (talk) 23:22, 23 April 2021 (UTC)
Conflict of Interest - Edit Request - Change Leawood, Kansas to Overland Park, Kansas
editThis edit request by an editor with a conflict of interest has now been answered. |
- What I think should be changed:
"...headquartered in Leawood, Kansas." should be changed to "...headquartered in Overland Park, Kansas."
- Why it should be changed:
The current information about Creative Planning's headquarters is incorrect. "...headquartered in Leawood, Kansas." should be changed to "...headquartered in Overland Park, Kansas."
- References supporting the possible change (format using the "cite" button):
[1] 135.26.244.150 (talk) 15:32, 27 April 2021 (UTC)
References
- Hi, this has been updated. Cmccarthy215 (talk) 21:09, 27 April 2021 (UTC)
Question about updating infobox
editThis edit request by an editor with a conflict of interest has now been answered. |
I have a question about updating the infobox for this article. Right now the infobox suggests that Creative Planning has $245 in assets under management. That figure was correct in 2023 but Creative Planning's AUM has increased in 2024. According to news coverage (examples here and here), Creative Planning now has more than $300 in AUM.
Would it be possible to update this number?
I am the marketing director at Creative Planning and I have created this account to make Talk page requests. I hope this post is formatted correctly and that the request can be implemented. If I'm doing something wrong please let me know. CreativePlanningAngela (talk) 16:40, 11 September 2024 (UTC)
- Done Safari ScribeEdits! Talk! 06:49, 13 September 2024 (UTC)
- Thank you for your help here, SafariScribe. I just posted a new request about removing the Acquisitions section. Do you have time to review that one as well? Thanks! CreativePlanningAngela (talk) 15:33, 23 October 2024 (UTC)
Request to remove Acquisitions section and revise History section
editThe user below has a request that an edit be made to Creative Planning. That user has an actual or apparent conflict of interest. The requested edits backlog is low. There are currently 82 requests waiting for review. Please read the instructions for the parameters used by this template for accepting and declining them, and review the request below and make the edit if it is well sourced, neutral, and follows other Wikipedia guidelines and policies. |
Hello again, Wikipedia editors. I have a new request about the Creative Planning article, this time about the Acquisitions section.
Right now this section doesn't feel particularly encyclopedic. Nearly every sentence follows the same structure: On Date X, Creative Planning acquired Company X with X amount of assets under management. There's no context as to why these acquisitions were notable or what purpose they served. And the repetitive date / acquisition / AUM sentence structure reads like a spreadsheet.
For this reason, I think the article would be stronger if the existing Acquisitions section were removed entirely and the details about the most notable deals were weaved into the History section chronologically, along with additional context about the significance of particular acquisitions. I am not a Wikipedia editor so I defer to your judgment, but the approach I outline above seems like a better way to present acquisition details while improving the comprehensibility of the article.
I put together a draft of what this revised History section could look like:
Revised History section
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HistoryeditEarly history and growtheditCreative Planning was founded in 1983[1] in Overland Park, Kansas, a suburb of Kansas City, Missouri.[2] The business initially operated as a small division within a larger financial services provider.[3] In 1999, Peter Mallouk began working as an estate planner for the firm[4] and performing other consulting functions in his capacity as an attorney.[5] He acquired Creative Planning in 2004.[4] The division was managing $34 million in assets at the time[6] and had around 30 clients.[5] Mallouk focused on growing the firm organically.[7] By 2007, Creative Planning's assets under management had expanded to $591 million and Barron's identified Mallouk as one of the country's top independent financial advisers.[8] In 2011, Creative Planning reached $2 billion in assets under management[9] with around 1,200 clients.[10] In 2014, Creative Planning surpassed $10 billion in assets under management.[11] The Kansas City Business Journal noted that Creative Planning's growth "occurred without making any acquisitions or having an affiliation with a trust company or bank."[12] In 2015, Barron’s ranked Creative Planning as the country's top independent financial advisor.[13] By 2017, the company had grown its assets under management to $26.2 billion with advisors located in more than 30 states,[6] and clients in all 50 US states.[14] In 2018, a $200,000 fine by the U.S. Securities and Exchange Commission against the firm was the result of a series of radio advertisements heard in live and pre-recorded broadcasts by a radio show host who was a client of the firm. The host gave testimonials for the firm in violation of the Investment Advisers Act of 1940. In addition to the fine, the firm was censured and agreed to a cease and desist order.[15][16] Mallouk stated that he was unaware of the content of the ads. He was also fined $50,000 at the same time, for a failure to report investments by family members in the firm.[17] Expansion and acquisitionseditIn February 2019, Creative Planning acquired The Johnston Group, a Minneapolis-based RIA that oversaw $500 million.[7] The deal was Creative Planning's first acquisition and represented a pivot from its strictly organic growth strategy.[18] In a statement, Mallouk said that other wealth management firms could "fit right into our model as we continue bringing fiduciary advice to Americans from coast to coast.”[7] Two more acquisitions followed that same year—America’s Best 401k in September[19] and the McLean, Virginia-based OptiFour in November.[20] These deals expanded Creative Planning’s size and geographic reach.[7] In February 2020, Creative Planning accepted its first outside capital when it sold a minority stake in the firm to General Atlantic, a private equity firm.[21] More acquisitions soon followed, including the Illinois-based Iron Financial with $6 billion in AUM and the Virginia-based Sullivan Bruyette Speros & Blayney with $5 billion in AUM.[22] By November 2020, Creative Planning had completed 11 acquisitions for a total of $7.2 billion in assets.[23] These deals and acquisitions that soon followed allowed Creative Planning to add or expand service offerings, including retirement plan services[24] and expatriate services.[25][26] In April 2021, Creative Planning launched Pathway Financial Education, a Kansas City-based nonprofit organization providing financial education to small business owners and under-resourced communities.[27][28] BlackRock, Dimensional Fund Advisors, and other financial advisory firms backed the initiative.[29] In November 2021, the firm announced that it surpassed $100 billion in assets under management.[30] In June 2023, Creative Planning acquired BerganKDV, an accounting and wealth management firm with $2.5 billion in AUM.[31] Barron's noted that the deal "broadened the firm’s capabilities" with tax, auditing, and business advisory services.[31] In August 2023, Creative Planning agreed to acquire Goldman Sachs Personal Financial Management, which grew out of the investment bank's 2019 United Capital Financial Partners acquisition.[32][33] References
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I am new to Wikipedia and HTML-style coding, so please excuse me if the formatting is not optimal. As you can see, I tried to keep the most notable acquisitions but frame them within the context of Creative Planning's growth strategy. I also added sub-section headers to improve readability.
A few other notes:
- I added additional details about the pre-2004 era.
- Some of the sources I cited are paywalled. In those instances, I added quotes containing relevant passages to the citations.
- I didn't touch the paragraph about the SEC fine, since that passage addresses a controversial issue and it didn't feel appropriate for me to edit it.
Per my previous Talk page post, I am the marketing director at Creative Planning and I have created this account to make requests like this one. Please let me know what you think! CreativePlanningAngela (talk) 15:29, 23 October 2024 (UTC)