Errold F. Moody Jr.
PhD, MSFP, LLB, MBA, BSCE, CFP
LIFE AND DISABILITY INSURANCE ANALYST
REGISTERED INVESTMENT ADVISER
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510 352- 4127
2410 W Ave 135
San Leandro, CA 94577
Phone and Fax 510 352-4127
Comprehensive Financial Planning
Litigation/Arbitration Expert Witness
SUMMARY OF QUALIFICATIONS
Over 36 years of hands-on experience as a financial and real estate consultant to various title companies, corporations, CPA's, attorneys, partnerships, credit unions, non-profit organizations and individuals. For the last 28 years, major focus has been in individual fee financial planning. Expertise has covered investment analysis and monitoring, estate and pension planning, living trusts, charitable gifting, sales and management (stocks, bonds, partnerships, insurance, REIT's and mutual funds), retirement planning, life and disability insurance review , securities arbitrations, taxation and national and international economic analysis. Provide expert testimony on brokerage and financial issues. Have written and taught extensively in the field.
Authored the largest (4,000+ pages and 1,650+ links) and most comprehensive financial planning site on the Internet (www.efmoody.com) designed for consumer knowledge and protection. Author of No Nonsense Finance by McGraw Hill, (2004)
PROFESSIONAL EXPERIENCE
1977- 1999: Professor/instructor for University of California at Berkeley and Irvine, University of San Francisco, Orange Coast, Santa Ana, Coastline and Scottsdale Community Colleges. Includes MBA course in Real Estate Finance, courses for the UC certificate programs "Professional Designation in Financial Planning" and "Professional Designation in Investment Real Estate" and specialized seminars.
1981- 1997: Dearborn Financial Institute & Securities Training Corporation. Instructor for the Series 6 (mutual funds, variable life and annuities); Series 7 exam (stocks, bonds, options, economics, security regulations); Series 22 (limited partnerships, personal and corporate taxation); Series 24 (General Securities Principal); Series 26 (Mutual Fund Principal); Series 63 (multi state license); Series 52 (Municipal Securities); Series 62 (Corporate securities) and insurance, special education programs and securities continuing education courses.
1987- 1998: Arbitrator with the National Association of Securities Dealers, Pacific Stock Exchange
1995- 2004: A.D. Banker, Instructor in Insurance including pre-licensing instruction and continuing education courses in Estate Planning, Managed Health Care, Annuities, Long Term Care, Qualified Retirement Plans, Government Programs and Medicare Supplements, Disability Income, Ethics, Principles of Contract Law, Principles of Agency Law, Taxation of Life Insurance and Annuities, and Financial Products for Financial Planning.
LICENSES AND DESIGNATIONS
BSCE, LLB, MBA, PhD (Real Estate)
Masters of Science in Financial Planning (Estate Planning major)
Life and Disability Insurance Analyst 0626414 (California- one of approximately 33)
Certified Financial Planner
Registered Investment Adviser (California)
California Real Estate Broker
California B-1 General Contractor
Series 7, 24, 27 and 63 Securities Licenses- inactivated
Series 65 Securities License (Multi State Adviser)
California Life and Disability License 0626414
ARTICLES and PUBLICATIONSAuthored courses accepted for securities continuing education in financial planning, estate planning, taxation and tax planning, investments and suitability, ethics, retirement planning and insurance and annuities.
Elder Investments: A Critique of Professional and Consumer Mediocrity
Marquette Law School (Spring 2009)
Authored course accepted for continuing education by the State Bar of California. The only course on investments ever approved by the Bar
"Practical Investment Theory and Application "
The only course on life insurance and annuities ever approved for continuing education by the California State Bar-
Practical Life Insurance and Annuities Analysis and Application
Authored two courses accepted for 4 and 16 hours of continuing education for Certified Public Accountants by the California Board of Accountancy. Previous course accepted for CPA credit in 10 states.
"Advanced Business Continuation and Estate Planning"
"Advanced Financial Planning and Investing"
Authored two real estate courses granting 9 and 21 hours of continuing education by the California Department of Real Estate. Material was used in courses at several colleges including UC Irvine as part of Certificate program.
"Current Concepts of Real Estate and Investing"
"Major Concepts of Real Estate and Investing"
Authored additional courses in Long Term Health Care, College Funding, Business Continuation, Investments, Trustee Selection and Charitable Gifting.
Authored "Arbitrators Guide to Securities" for the Center for Investor Protection
Above material was compiled and offered as text for UC Certificate course in Survey in Financial Planning.
Author a monthly investment and financial planning newsletter- Moody's Review- since 1987.Have been published/quoted in numerous business magazines (San Francisco Chronicle, Los Angeles Times, California Broker, Investment Adviser, Smart Money, Wall Street Journal, New York Times, Bloomberg, Money Magazine, National Underwriter, Consumer Reports, Mutual Funds Magazine, Life Insurance Selling, Parenting Magazine, Realtor Digest, Corporate Finance, Numerous national newspapers, Registered Investment Adviser, Ticker magazine, Orange County Register, etc.) and have been interviewed frequently on local and national radio and TV.
The site is the most highly referenced Financial Planing site on the Internet with recognition by Quicken, Excite, Bottom Line, Business Week, PC Magazine, AOL, Netscape, Lycos, Infoseek, Big Eye, USA Today, U.S. Government, Forbes. Department of Aging, Associated Press, Dow Jones, Elderweb, Hoovers, Webcrawler, Ernst and Young, Most National Newspapers, Physicians, Snap, Smart Money, Universities, City Directories, College and Local Libraries, Neurology Now, Bloomberg, Financial Planners and Instructors, New York Times, Economic Times, Wall Street Journal, Thirdage, About, Alta Vista, Suite 101, Boards of Accountancy, Individual Investor, HIICAP, Looksmart, Financinal Adviser Magazine, Magellan, State Departments, International Real Estate Digest, MSNBC, etc., for its information on all areas of personal finance.
SEMINARS
Have conducted seminars and classes on most financial and real estate issues to Chambers of Commerce, Corporations, Teachers, Union Officials, Securities and Insurance firms, Universities, American Association of Individual Investors, Senior Groups, etc. to groups to 200.
CASES
During 2005, the following reports were prepared for court or arbitration process.
1. Defendant for libel regarding viatical settlements. Suit dismissed
2. Plaintiff against American Express and CFP regarding fraud and breach of fiduciary duty. Settled for plaintiff
3. Defendant for sentencing on a Federal Case regarding international bond trading scheme. Reduced sentence.
4. Defendant in alleged illegal trading. Suit dismissed
5. Plaintiff for trust against "bankrupt" annuitant. Settled for plaintiff
6. Continuing effort for plaintiff against CFP and CFP Board of Standards for breach of duty on life insurance sales. $977,000 current proceeds.
2006 Cases:
1. Report for defendant on breach of fiduciary duty by a charity regarding real estate investments.
2. Pro bono filing against CFP with the Florida Department of Financial Services. Ongoing.
3. Report against several insurance companies in New York for breach of duty against fire department personnel regarding defined benefit programs. Exposure of $150+ million fraud.
4. Report against major insurance company regarding retiree sold index annuity instead of taking pension. Ongoing
5. Report for insurance company defending complaint regarding major wealth management firm in New York. Firm was breaching its fiduciary duty in several areas. Mediated successfully.
6. Report for CFP regarding violation of employment contract.
7. Engaged for defense on elderly abuse case.
8. Engaged for losses sustained by elderly through UBS.
2007 Cases
1. Report for lawsuit regarding partner in termination of Financial Planning partnership
2. Arbitration on losses sustained by elderly client
3. Report for defense on fraudulent conveyance of real estate properties
4. Analysis for Life Settlement commission dispute
5. Plaintiff for elderly fraud in Tennessee.
6. Continuing effort against Florida CFP has now initiated formal investigation..
7. Case involving participating insurance contracts written in the late 1940s
2008 Cases
1. Defense for telephone solicitor of debit cards.
2. Report for divorce on cost of long term care for elderly parent
3. Report against CFP breaching fiduciary duty to clients
4. Report on employee firing by major B/D
5. Consultant for major insurance firm regarding fraudulent/irresponsible sales.
6: Consultant for disabled individual against major B/D for unsuitable investments.