Certified Financial Planner Rita Cheng, CFP®
Rita Cheng is the co-founder of Blue Ocean Global Wealth, a firm she created with Sameer S. Somal, CFP® in 2013. Previously, Cheng was a financial advisor at Ameriprise Financial and an analyst at Towa Securities in Tokyo, Japan.
She is also the author of Wealth Management Rules: 12 Tips to Help You Harness Your Financial Know-How — an eBook was published in 2014 by the Inkandescent Publishing Company.
Cheng is a CFP® professional, a Chartered Retirement Planning Counselor, and a Certified Divorce Financial Analyst. She was the 2012 chair of the Financial Planning Association of the National Capital Area (FPA NCA).
As a CFP Board Ambassador, Cheng helps educate the public, policymakers, and the media about the benefits of competent, ethical financial planning. She also volunteers for CFP Board Disciplinary and Ethics Commission (DEC) hearings. She proudly serves on the FPA National Board of Directors and is a member of the Finance Committee.
She has been quoted and featured in numerous national publications, and is a monthly columnist for the Washington Business Journal and the online business magazine for entrepreneurs, BeInkandescent.com.
Cheng studied at Keio University in Japan and earned her BS in Finance and her BA in East Asian Language and Japanese Literature from the University of Maryland, College Park. She is a recipient of the Ameriprise Financial’s Presidential Award for Quality of Advice and the prestigious Japanese Monbukagakusho Scholarship.
For more information about her financial services firm, visit blueoceanglobalwealth.com.
Speaking Topics for Rita Cheng
Diversity: Embracing Differences, Bridging Gaps
Business and thought leaders increasingly emphasize the need to best represent and embrace diversity in their professional work. Not only is embracing professional diversity important to the success of their businesses, it’s essential to the advancement of the United States and its role in the global economy.
In this speech: Rita Cheng will discuss how various “diversity channels“—such as age, ethnicity, skills, country of origin, knowledge, and experience—affect attitudes toward wealth management. And given these unique characteristics, how people in different demographic group can best approach financial planning.
Understanding Social Security
Though Social Security is an earned benefit from contributions made over a lifetime of work, and a key part of every American’s retirement plan, more than just retirees depend on these valuable benefits. In fact, nearly 55 million Americans, including spouses, widows, widowers, and children, also receive Social Security benefits. It is important to understand how Social Security works so that you can select the claiming strategy that best suits your needs and the needs of your family.
In this speech, Rita Cheng will address these questions:
- Will Social Security be there for me?
- How much can I expect to receive?
- When should I apply for Social Security?
- How can I maximize my benefits?
- Will Social Security be enough for me to live on when I am retired?
Effective Succession Planning
Effective succession planning is emotionally complicated and deeply personal. The decision a business owner makes to address and evaluate how to retire or transition is often very difficult. Exit strategies and succession planning are predicated on a series of proactive decisions. A comprehensive exit plan encompasses issues beyond the obvious monetary ones, including ongoing control, ensuring that an entity or financial asset remains with a family, providing care for valued employees, and establishing a legacy. Business owners too often hand over the reins of their enterprise too late, failing to maximize value and realize their intended vision of succession.
In this speech, Rita Cheng will address the topic of business succession with these goals in mind:
- Engage business owners and convey the risks associated with not having a succession plan.
- Raise awareness among the national community of business owners that not having an exit strategy is a ubiquitous, national phenomenon.
- Provide attendees with pertinent information about planning well for a business succession and, ultimately, how to use a more expansive decision-making framework when each personally addresses this challenge.
Women and Personal Finance
The demographics of women have changed both rapidly and drastically during the last half-century. Women are no longer just in charge of taking care of the family—they are now a prominent component of corporate America and business—assuming greater responsibility for personal and family finances. More and more women are leveraging their strengths and reaching their full potential, allowing them to emerge and shine as superb leaders, entrepreneurs, and innovators. Despite the more prominent role of women in society, many accomplished women still struggle to balance family and work, especially when it comes to personal and family finance.
In this speech, Rita Cheng will address these questions:
- What are the future demographic trends of women clients in the financial planning industry?
- Why is this demographic increasingly important to financial planners?
- What are the challenges associated with the changing demographics of women clients in financial planning industry?
- Why is it imperative for financial planners to address the special roles of women in modern society—professional, entrepreneur, divorced, and widowed?
- How does culture affect financial planning for women clients in North America, Asia Pacific, Latin America, Europe, etc.?