FPA National Capital Area Newsletter Page 1 December 2015 A Pinnacle Award Level Chapter Recipient of FPA National’s Highest Level Award for 14 Consecutive Years! Volume 16, No. 12, December, 2015 Web address: www.fpanca.org FPA Headlines The Newsletter of your local association Ken Robinson, CFP® President’s Message I hope everyone had a nice Thanksgiving! As we approach the end of 2015 and the beginning of a new year, we have some outstanding events planned for the coming months. We have a great luncheon program planned for Thursday, December 10 th at Maggiano’s Restaurant in Tysons Corner. This is our final luncheon program for 2015 and it’s next week! The luncheon will feature the renowned economist, Professor Peter Morici. We will also vote on the 2016 board nominees during this meeting, so please click HERE for the details and register soon. Please note that this December meeting will begin at 11:30am, which is slightly earlier than our usual programs. Our 2016 Winter Symposium is less than two months away! Helen Modly, chair of the symposium committee, has put together an impressive line-up of speakers. The symposium, along with a separate early morning ethics session, will be held at the Dulles Hyatt on Friday, January 22 nd . Please click HERE for all of the details, and register soon for the early bird rate! Our FPANCA Career Day event is scheduled for Friday, February 19 th at the Dulles Hyatt. Career Day is a professional development event intended to connect hiring firms with financial professionals seeking employment. We will also provide educational content with speakers focused on career development issues. Please click HERE for the details and to register. And now for some exciting news! Our chapter was the recipient of five national FPA Outstanding Achievement Awards for events conducted throughout 2014. We could not have achieved any of this without the hard work of the chapter board members as well your attendance, feedback and support. Thanks! Please see the details of these Outstanding Awards in this Newsletter. Continued on next page
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FPA National Capital Area Newsletter Page 1 December 2015
President’s Message Brian Jones, CFP®
Continued on page three
A Pinnacle Award Level Chapter Recipient of FPA National’s Highest
Level Award for 14 Consecutive Years!
Volume 16, No. 12, December, 2015 Web address: www.fpanca.org
FPA Headlines The Newsletter of your local association
Ken Robinson, CFP® President’s Message
I hope everyone had a nice Thanksgiving! As we approach the end of 2015 and the beginning of a new year, we have
some outstanding events planned for the coming months.
We have a great luncheon program planned for Thursday, December 10th at Maggiano’s Restaurant in Tysons
Corner. This is our final luncheon program for 2015 and it’s next week! The luncheon will feature the renowned
economist, Professor Peter Morici. We will also vote on the 2016 board nominees during this meeting, so please click
HERE for the details and register soon. Please note that this December meeting will begin at 11:30am, which is
slightly earlier than our usual programs.
Our 2016 Winter Symposium is less than two months away! Helen Modly, chair of the symposium committee, has put
together an impressive line-up of speakers. The symposium, along with a separate early morning ethics session, will
be held at the Dulles Hyatt on Friday, January 22nd. Please click HERE for all of the details, and register soon for
the early bird rate!
Our FPANCA Career Day event is scheduled for Friday, February 19th at the Dulles Hyatt. Career Day is a
professional development event intended to connect hiring firms with financial professionals seeking employment.
We will also provide educational content with speakers focused on career development issues. Please click HERE for
the details and to register.
And now for some exciting news! Our chapter was the recipient of five national FPA Outstanding Achievement
Awards for events conducted throughout 2014. We could not have achieved any of this without the hard work of the
chapter board members as well your attendance, feedback and support. Thanks! Please see the details of these
Outstanding Awards in this Newsletter. Continued on next page
FPA National Capital Area Newsletter Page 8 December 2015
FPA National Capital Area Newsletter Page 9 December 2015
Your Chapter has Been Recognized Nationally for excellence! We were honored to be recognized nationally by the FPA as the recipient of five 2015 Outstanding
Achievement Awards for events conducted throughout 2014! We could not achieve any of this without the
hard work of our leadership and your attendance, feedback and support.
A summary of the awards won is below:
1. Career Fair
Our Career Fair is an annual event for local employers, students of nearby financial planning programs and
the occasional career changer. The first Career Day was in 2014 and it was so popular we had to search out
larger locations for future events. The Career Day this year was a great success with over 70 students in
attendance and almost 30 firms interviewing. Firms and students are matched up (based on resume review
and open positions) for introductory 20-minute interviews. While 20 minutes isn’t a lot of time, it allows
firms and candidates to get to know one another in person and allows for many interviews throughout the day.
In addition to interviews, the chapter is invited to lunch where we have a great speaker each year. There are
also roundtable events for candidates not in interviews and panel discussions for all attendees at the end of the
day. We hope you will join us for Career Day 2016 on February 19th! Register here NOW.
2. Name Tags
At our 2014 Winter Symposium, we updated the format of our attendee nametags to include more information
and to make them easier to read. We included notations about whether the attendee was a sponsor or speaker
(much like is done at larger conferences) and added QR codes with each attendee’s information (to be easily
shared while networking). In addition, the back of the name tags included the schedule for all upcoming FPA
NCA events which provided attendees with an easy and quick way to see what they could expect. We hope
you will join us for our 2016 Winter Symposium on January 22nd! Register here NOW.
3. Membership Research Initiative
In 2014 we launched a project to learn about the demographics of our members – location, position, type of
firm, business model, professional designation, and tenure as an FPA member. Gathering this information
allowed us to more clearly communicate the composition of our membership and the value for sponsors and
potential sponsors in getting involved. This project also spurred a project to track member attendance at
events so we can analyze which events attract the most attendees and which may need to be rethought in the
future due to lack of interest.
4. 2014 NexGen Retreat
In 2014, we held the first annual NexGen retreat – a one-day symposium for NexGen members held in DC,
followed by a social outing to a Washington Nationals game. This event was modeled after the annual
national NexGen gathering and is intended to gather NexGen members with their peers for a day of learning,
networking and collaboration. We have educational sessions for continuing education credits and informal
round-table discussions about topics attendees are passionate to discuss. Hosting the event on a weekend day
allowed many NexGen members from all around the DMV area to attend without having to take time off of
work. We hope you will join us for our 2016 NexGen Retreat (date TBD)!
FPA National Capital Area Newsletter Page 11 December 2015
WELCOME TO OUR NEW NOVEMBER 2015 MEMBERS!
Levi Brandriss CFP® Matthew Gaffey Ameriprise Financial Services Inc Apple Financial Services Bethesda, MD 20817 Potomac Falls, VA 20165 David Jacoby Jordan Kraus Sullivan, Bruyette, Speros & Blayney, Inc. Sandy Spring Wealth Management Mc Lean, VA 22102 Rockville, MD 20878 Paula Pass Krystyn Rash Arkagos Advisors + Asset Management Focus Wealth Management, LTD. Alexandria, VA 22314 Reston, VA 2019
John Sacco CFP® Benjamin Scrivener SOS Advertising, LLC Harrisonburg VA Strategic Wealth Management Group, LLC Annandale, VA 22003 Galesville, MD 20765
University of Maryland, UMUC CFP Student Receives 2015-2016 FPA NCA Scholarship
In August 2015 the Financial Planning Association of the National Capital Area (FPA NCA) decided to
award the newly approved University of Maryland, UMUC Registered Certified Financial Planning (CFP) Program with a
$2,000 scholarship for an undergraduate CFP Financial Planning student. The following is the process that UMUC followed to
determine the scholarship winner, Debra Stanley.
1. All CFP students in the UMUC CFP database were notified of the FPA NCA Scholarship.
2. All Finance faculty received a FPA NCA Scholarship notice to post as a Class Announcement.
3. Students responded by submitting an application form, an essay about why they wanted to be a CFP, a recommendation
from one individual, and a listing of any awards or honors they had attained.
4. The UMUC CFP Program Director, Dr. Peter Munger and Academic Officer Kathleen Sindell, Ph.D. reduced the
applications to two candidates.
5. The FPA NCA Scholarship applications where sent to the UMUC CFP Advisory Board. The UMUC CFP Advisory Board
selected Debra Stanley as the best candidate for the scholarship.
One UMUC CFP Advisory Board member had this to say about Ms. Stanley, “I would like to submit my vote for Debra Stanley.
Debra's story was both inspiring and encouraging. I would be delighted to see her passion for leadership and the law be
strengthened by an interest in becoming a certified financial planner. I was definitely moved by her expressed determination and
optimistic outlook for a future career of helping others.
FPA National Capital Area Newsletter Page 12 December 2015
FPA National Capital Area Newsletter Page 13 December 2015
FPA National Capital Area Newsletter Page 14 December 2015
MEMBERSHIP HALL OF FAME - THANK YOU RENEWING MEMBERS!
We are proud to announce FPA membership anniversaries for 2015!
Five Year Members
Howard R. Pressman, Kristen R. Lindhal, Richard Wax, Carol Ryan, Jane Ochsman, Nancy Rick, John Pugh, Rianka Dorsainvil, Steven Starnes, Patrick Boinest, Sarah Mouser, Rodney Brooks, Timothy Koehl, Thomas Welch, Sandra Truitt, James Sprung, Maura Schauss, Matthew Ramos,
Steven Jefferys, Howard Bregman, Valerie Kaiser, Eric Siegel, Shane Ostrom, Robert Nance, Kevin Handford, William Finch, William O’Hop, Sarah Berg, Solon Vlasto, Steven Taylor
Ten Year Members
Elizabeth Clough, Roy W. Werthmuller, Taylor Seiling, Kirsty Peev, Nancy Williams, Sarah Yakel, Philip Leopold, Karen Foley, Sheldon Weiner, Sheila Stinson, David Greene, James Joseph, Paul Sanchez,
Archibald Halsall, David Goldner, Chris Rivers, Kurt Langenwalter, Laurie Blackburn, Melissa Heck, Patricia Ludwig, Richard Slater, Mark Bronfman
Fifteen Year Members
Eric D. Hess, David B. Kaufman, Orestes V. West, Jason L. Williams, Edward M. Tilghman, Harvey Berger, Timothy Hoffman, Ann Sowder, Mark Waldman, James Walker, Trisha Miller, Joni Alt, Thomas Phillips,
Jennifer Myers, Ken Robinson, George Durham, Tom Pudner, Kevin Williams, Richard Romero
Twenty Year Members
Walter R. Lincoln, Ted Halpern, John Harding, Tracey Baker, Janice Henderson, Stan Corey, Constance Miner, Mark Johannessen, Mary Ellen Clark, Dennis Lund, Jay Levin, Michael Long,
Catharine Fairley, John Girouard, Harry Gaskin, David McKinney, Charles Rembert, Mark Joseph
Twenty Five Year Members
Delanne Conte, Bonnie Orleans, Stephen Siegel, Eleanor Blayney, Lauran Penn, William Moore, Joel Ticknor
Thirty Year Members
Margaret M. Welch, Russell E. Strand, Herb Hopwood, Dixie Butler, Walter Deyhle, Linda English, Richard Schoenfeld, Daniel Shaw, Inga Frank
Thirty Five Year Members
William Fahey, William Korn, Karen Schaeffer, James McGrath
FPA National Capital Area Newsletter Page 15 December 2015
Trends in Adviser Compensation and Benefits Study Now Available!
FPA members can now access the 2015 Trends in Adviser Compensation and Benefits Study, which was done by
the FPA Research and Practice Institute™ and Financial Advisor IQ (a news service of the Financial Times). The
research helps all planners and their support staff understand trends in compensation and benefits.
While the study sought to create a valuable compensation benchmark resource for those currently working in the
financial advice profession, or seeking a position, the study examined the impact that compensation, benefits and
work environment have on job satisfaction and engagement.
The full report, which is now available at www.OneFPA.org/2015CompensationStudy, is a must read for anyone
working in the financial advisory space. Download a copy of the report and see how your compensation and benefits
package stacks up with other firms across the country.
2014 Pro Bono Impact Report Now Available!
Please review the Pro Bono Impact Report for 2014 and see how many lives were touched by our Pro Bono Efforts
through the Financial Planning Association and the Foundation for Financial Planning. Please see page 7 of the
report for specific information on how our National Capital Area Chapter helped in these pro bono efforts!
Please see Report on our website HERE!
Get the Latest Original Research on Investing by RPI and Journal of Financial Planning
The FPA Research and Practice Institute™ (RPI) has been engaging in original research on a wide array of subjects of
importance to financial planners and the latest study is now available. The 2015 Trends in Investing Survey, done in
collaboration with the Journal of Financial Planning, looks at how financial planners are using and recommending different
investment vehicles today and where they will look to invest over the coming year. The survey, which has been conducted
regularly since 2006, revealed that Exchange-Traded Funds (ETFs) have supplanted mutual funds as the preferred investment
vehicle by planners.
And keep an eye out for more research coming out later this year, including a social media study that was conducted in
partnership with LinkedIn and a Social Security study that is being done with AARP and CNBC.
CONGRATULATIONS TO THIS FPA NCA MEMBER!
MARK BRONFMAN
HE WINS A FREE TICKET TO THE 2016 WINTER SYMPOSIUM
FOR COMPLETING OUR SPRING SYMPOSIUM EVALUATION!
Remember to collect those Raffle Tickets During our Symposium events! And Remember to Complete our
Evaluation Surveys! You never Know if YOU will be the next WINNER!!
FPA National Capital Area Newsletter Page 17 December 2015
FPA National Capital Area Newsletter Page 18 December 2015
FPA National Capital Area Newsletter Page 19 December 2015
CFP BOARD LAUNCHES CENTER FOR FINANCIAL PLANNING,
TD AMERITRADE INSTITUTIONAL IS LEAD FOUNDING SPONSOR
Nov 18, 2015
Center will focus on building a more diverse and sustainable financial planner workforce Certified Financial Planner Board of Standards, Inc. (CFP Board) today announced the creation of the CFP Board Center for Financial Planning with a Lead Founding Sponsor contribution from TD Ameritrade Institutional. The Center will deliver on CFP Board’s mission to benefit the public, with a focus on fostering a more diverse and sustainable financial planner workforce and establishing an academic home and body of knowledge for the profession, in order to meet Americans’ increasing need for competent and ethical financial advice. “CFP Board sits at the crossroads of the financial planning profession. And CFP Board’s Center for Financial Planning will serve as the catalyst, unifying response to the major challenges facing the financial planning profession,” said CFP Board’s Chief Executive Officer Kevin R. Keller, CAE. “With the support of academic institutions, educators, researchers, firms and practitioners from all corners of the profession, the Center will build a financial planner workforce for the 21st century.” The CFP Board Center for Financial Planning will bring a variety of stakeholders to this broad collaboration, including the almost 73,000 CFP® professionals; over 230 colleges and universities that offer a CFP Board Registered Program; researchers from financial planning and numerous related disciplines; key individuals and organizations that focus on racial and gender equality; and large and small firms, representing each geographical region and business model within the profession. The Center will conduct research, convene forums and support initiatives in three key areas:
NextGen Pipeline: Attract and develop the next generation of financial planning professionals, providing them the knowledge and skills to competently and ethically serve the public.
Diversity: Address the lack of gender and racial diversity within the financial planning profession to better mirror the diversity of the American public through a systematic approach that brings research to action to results for the broader profession.
Academic Home: Build an academic home for the profession, bringing researchers from financial planning and related disciplines to conduct research that directly impacts practice, while providing opportunities for faculty to generate and publish new research that adds to the body of knowledge.
As the Lead Founding Sponsor of the Center, TD Ameritrade Institutional is making a five-year multi-million dollar commitment to support these important initiatives, continuing its longstanding commitment to workforce development. “We believe that CFP Board’s Center for Financial Planning will serve as a catalyst for the industry to come together around the challenges of workforce development, diversity and building a body of knowledge for financial planning,” said Tom Nally, president of TD Ameritrade Institutional. “The work the Center does will be influential to the success, health and sustainability of the profession.” According to recent research conducted by CFP Board, 40 percent of Americans now work with financial advisors, compared to 28 percent in 2010, reflecting the increasing demand for personal financial advice. At the same time, the financial planning workforce is aging and shrinking and does not currently represent the diverse population it serves. In addition, the profession faces a shortage of qualified faculty to teach the next generation of planners and conduct academic research that contributes to the financial planning body of knowledge.
“The work of the Center cannot be done by one organization or firm. It will take the collective effort of financial services
firms, academic institutions, educators and practitioners across the country to address these challenges facing the
profession,” said Richard P. Rojeck, CFP® and chairman of CFP Board’s Board of Directors. “We invite all who share in our
vision for the profession to join us with financial and thought leader contributions to create a diverse, highly qualified
pipeline of future financial planners to serve the public.”
To learn more about the Center’s initiatives and how to support its efforts, visit the Center’s website
FPA National Capital Area Newsletter Page 27 December 2015
The Financial Planning Association is the owner of trademark, service mark and collective membership mark rights in: FPA, FPA/Logo
and FINANCIAL PLANNING ASSOCIATION. The marks may not be used without written permission from the Financial Planning
Association.
CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame logo) are certification marks owned by
Certified Financial Planner Board of Standards Inc. and are awarded to individuals who successfully complete CFP Board's initial and
ongoing certification requirements.
YEAR 2015: OFFICERS & DIRECTORS
PRESIDENT PRESIDENT-ELECT
Ken Robinson, CFP® 703-327-7384 Dan Lash, CFP® 703-356-4360
KCR Wealth Management VLP Financial Advisors x703
E-Mail Address: [email protected] E-Mail Address: [email protected] SECRETARY AND CHAIR OF CAPITOL HILL DAY TREASURER Howard Pressman, CFP® 703-506-0843 Bryan Beatty, CFP® 703-506-0843