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
FPA Annual Conference 2015 Attendee
FPA Annual Conference 2016 Attendee
FPA Annual Conference 2017 Attendee
FPA Annual Conference 2018 Attendee
FPA Retreat 2016 Attendee
FPA Retreat 2017 Attendee
FPA Retreat 2018 Attendee

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
January 2016 - present

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

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

Epiphany Parish
Property & Finance Committee
Walpole
January 1998 - present

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

Power Plans
Principal
January 1993 - present

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

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

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

Society of Concurrent Product Development
Director
Dedham
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

Edit Profile Demographic

  • Advanced ( I have been practicing financial planning for 15 or more years)