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Clark Blackman

author Image Clark M. Blackman II, CFA, CPA/PFS, CFP, is founder and CEO of Alpha Wealth Strategies LLC, a fee-only RIA wealth advisory firm in Texas.


Articles by this Author

Areas of Expertise: investment advisory services, estate planning, retirement

Website: www.AlphaWealthStrategies.com

Books:  Contributing author, "Building a $1,000,000 Nest Egg," (Aspator Press 2002); contributing author, "Tips From the Top: Targeted Advice from America’s Top Money Minds," (2003); technical editor, "The New Fiduciary Standard" by Tim Hatton, (Bloomberg Press, May 2005)

Topics Presented in Speeches: investment basics and strategy, basic and advanced estate planning and income tax planning, investment fiduciary topics, prudent investment practices, and professional standards in financial planning

Email: Clark@AlphaWealthStrategies.com

Biography:

Clark Blackman is founder of Alpha Wealth Strategies LLC and is its majority owner and managing member. Alpha Wealth Strategies is an independent, fee-only registered investment advisory planning firm, located in Houston, Texas. 

Blackman is former chairman of the executive committee for the personal financial planning division of the American Association of CPAs (AICPA) and remains active as a member of the PFP Advisory Council Task Force. In 2013 he was the recipient of the division's 2012 Distinguished Service to the Profession award. Blackman currently serves on the AICPA Advanced Personal Financial Planning Conference Committee. He has been a long-time technical editor for the Journal of Accountancy (JofA) and is on the JofA “Subject Matter Panel” of experts. He led the AICPA task force responsible for technical editing of the “Prudent Practices for Investment Advisors” and “Prudent Practices for Investment Stewards” handbooks.

Blackman served with the Houston CPA Society for 16 years. He is serving his 19th year as a member of the Greater Houston Community Foundation’s investment committee. Blackman helped found The Committee for the Fiduciary Standard, is on the Best Practices Board of the Institute for the Fiduciary Standard, and was directly involved with the creation of the Institute's recently released best practices. He has served as an officer and director on the board of the CFA Society of Houston. Blackman was the inaugural chair of the Advocacy Task Force for the CFA Societies of Texas and remains active as a member. 

He is an acknowledged thought leader in the financial planning and investment advisory community and has had the honor to receive such recognitions as: AICPA's Distinguished Service to the Profession award in 2012;" Accounting Today's Top 100 Most Influential People in 2011; AICPA's Business & Industry "Hall of Fame" award in 2005; Houston CPA Society's Distinguished Service Award in 2004; RobbReport/Worth magazine's The Nation's 100 Most Exclusive Wealth Advisors" in 2004; and Worth magazine's biannual list of Best Financial Advisors in America for the 10 years of its publication, from 1996 through 2004.

Articles by this Author


  1. Financial Planning »

    The Art of Creating an Investment Policy Statement

    An investment policy statement helps to guide your portfolio decisions by defining your strategy, expectations and evaluation criteria.

    November 2016 | Journal

  2. Portfolio Makeover »

    Inherited Stocks Raise Issues for Couple Nearing Retirement Age

    Portfolio Makeover: Financial Planner Clark Blackman writes a planning letter to Timothy Smith addressing his financial concerns and, in particular, his upcoming retirement and what to do with a major inheritance.

    June 2003 | Journal

  3. Estate Planning »

    Estate Planning: Should a Trust Be the Beneficiary of Your IRA?

    Until recently, conflicting tax laws, and a lack of IRS guidance made it difficult to name trusts as beneficiaries of retirement plan assets. New rules make it easier to take advantage of the tax and estate planning benefits of trusts.

    October 2002 | Journal

  4. Retirement Planning »

    Withdrawing From Your IRA: A Guide to the Basic Distribution Rules

    Since IRAs are vehicles to encourage saving for retirement, penalty-free regular distributions cannot start until after the account owner turns age 59 1/2. But there are exceptions that allow you to avoid the 10% penalty.

    August 2002 | Journal

  5. Financial Planning »

    What You Need to Know About Making Contributions to an IRA

    There are several types of IRAs, each of which has unique rules pertaining to account contributions and distributions. Understanding the rules will help you decide which one is the best retirement vehicle for you.

    June 2002 | Journal

  6. Tax Strategies »

    The Expanding Reach of the Alternative Minimum Tax

    Ostensibly created as a means of keeping the rich from living tax-free, the alternative minimum tax is casting an ever-widening net each year as more taxpayers become subject to it.

    April 2002 | Journal

  7. Features »

    Tax Relief and the Changes to the Estate and Gift Laws

    Tax Strategies: The prospect of the eventual estate tax repeal in 2010 seems to contains the promise of simplified estate planning, but the promise may be more illusion than reality. For the rest of the decade, the estate tax will be in constant flux.

    October 2001 | Journal

  8. Features »

    Tax Relief: The New Act and What It Means for Individuals

    Tax Strategies: In addition to adopting the largest of the president's 2001 tax cut proposals, Congress included a substantial number of reforms that provide significant increases to the maximum contributions allowed for retirement savings vehicles.

    August 2001 | Journal

  9. Features »

    Beneficiary Designations and IRA Distributions: The New Rules

    Retirement Plans: Starting in 2001, minimum IRA distribution rules have been simplified, with many traps eliminated. A look at the impact of the new proposed rules on distributions after the owner's death.

    June 2001 | Journal

  10. Features »

    The New Improved Rules for Minimum Plan Distributions

    Retirement Plans: The new 2001 proposed regulations make major simplifications to the earlier rules, and as a result it will be easier to understand and apply the minimum distribution and beneficiary designation rules.

    April 2001 | Journal

  11. Features »

    Early Plan Distributions: How to Avoid the 10% Penalty

    Tax Strategies: You can withdraw money from your retirement plans before age 59 1/2 without incurring the 10% penalty for early distributions, but it requires careful planning. The IRS-approved methods for determining equal payments.

    October 2000 | Journal

  12. Features »

    Lump-Sum Distributions From Employer Retirement Plans

    Tax Strategies: When your plan is invested in employer stock, special tax rules and planning opportunities arise that should be considered before you decide whether or not to roll over the distributiion.

    August 2000 | Journal

  13. Features »

    What You Need to Know About Taking Distributions From IRAs

    Tax Strategies: The rules regarding distributions vary based on the type of IRA you have chosen. In addition, the terms of your IRA account may limit distribution options. The tax law is much more flexible than many IRA agreements.

    June 2000 | Journal

  14. Features »

    What You Need to Know About Individual Retirement Accounts

    Tax Strategies: There are three types of IRAs to choose from, each with unique rules pertaining to contributions and distributions. You need to understand these rules in order to determine which is best for you. Part 1: contributions.

    April 2000 | Journal

  15. Features »

    More Tax Considerations for Maximizing Investment Returns

    Tax Strategies: Understanding the tax consequences of selling your investment holdings is a necessary first step in making wise investment decisions and requires a clear idea of what you'll end up with when you walk away from the table.

    October 1999 | Journal