Profile

Mr. John Power, MBA, CFP®

Principal,
Power Plans

Contact Details

Power Plans
17 Pheasant Hill Rd
Walpole, MA
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RETIRED
Business Success KC Mbr
Retirement Planning KC Mbr

Social Links


Bio

I served in the US Army as a Signal Corps officer for almost 30 years after being commissioned when completing ROTC at Northeastern University. During my last tour of duty in the Army, while searching for a new career, I started the Boston University's program in Financial Planning. Upon retirement from the Army I went to work as a mid-level executive and department head at GTE Government Systems. I continued study in financial planning, ultimately earning a Diploma in Financial Planning and sitting for the last of the six sequential examinations for the CFP credential which I earned about six months after retirement.

I founded Power Plans while working at GTE and continued my independent practice as a CFP practitioner and state-registered investment advisor on a part-time basis. I primarily accepted family members and a selected few others as clients. In 2000, when GTE and Bell Atlantic merged to form Verizon, I "retired" from GTE (executive buy-out) and decided to devote my efforts to the financial planning profession. Since that time I added clients to my small practice; generally accepting only those that fit my model of serving those that were in need of service or were a challenge or were referred to me by a friend.

In 2008 I "capped" my practice at about 30 clients and $30 million in assets under advisement and have allowed that base to attrit in preparation for actual retirement. Because I have an adequate income as a retired Army Colonel of almost 30 years service and Social Security, I am able to operate my business with very modest income needs. This allows me to do significant pro bono work, serve on several non-profit boards, and contribute to my community, both professional and local.

Education

Boston University
Diploma
1990 To 1993

National Defense University
Diploma
1984 To 1985

US Army Command & General Staff College
Diploma
1971 To 1972

Babson College - Franklin W. Olin Graduate School of Business
MBA
1964 To 1965

Northeastern University
BSBA
1958 To 1963

Professional Associations

Society of Concurrent Product Development
1993 - 2006

Military Officers Association of America
1990 - Present

Job History

Financial Planning Association
Director
Denver, CO
January 2016 - present

Brighton Marine Health Center
Director and Treasurer; Finance Committee
Boston, MA
October 2007 - present

US Army ROTC Northeastern University & Boston College
Alumni Association
January 2000 - present

Epiphany Parish
Property & Finance Committee
Walpole, MA
January 1998 - present

Financial Planning Association of Massachusetts
Member; General Director
MA
January 1995 - present

Power Plans
Principal
January 1993 - present

Walpole Chamber of Commerce
Board of Directors
Walpole, MA
January 2001 - June 2012

Goldense Group Inc.
Chief Operating Officer
Needham, MA
July 2003 - March 2006

Northeastern University
Alumni Association Board of Directors
January 2002 - January 2006

Society of Concurrent Product Development
Director
Dedham, MA
January 1994 - January 2006

GTE Corporation
Program Manager, Information Security
December 1996 - February 2000

GTE Government Systems
Director of Total Quality
October 1992 - November 1996

US Army
Career Signal Officer
July 1963 - October 1992

Honors and Awards

Financial Planner of the Year
FPAMA
2014

Heart of Financial Planning
FPA
2013

Money Hero
Money Magazine
2012