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When I first sat down to write my first message last January, the S&P 500 was up approximately 2.5%, and the overwhelming majority of this year remained to be seen. Today, the market is up approximately 25%, and almost 10 months have passed. Thanks to our Board of Directors, Chapter Volunteers, and Partners, we've accomplished some pretty amazing things.
Beyond dealing with unexpected Board turnover and surprise letters from the Franchise Tax Board, some of the things we've accomplished so far this year include:
The list could go on, but it's equally important, if not more so, to mention all those who have given of themselves so willingly, while also having completed their Board service this year:
Michael Shockley - Chair of the Board
As my term of leadership comes to a close, and I move on to becoming the newest member of our illustrious "Dead President's Society," I'd also like to thank our continuing and incoming Board members and new Officers for all they have done, and for what they will do as we move in to 2014:
Howard Erman - President of the Board
Our Chapter has a history that demonstrates a commitment to growing our profession through the provision of quality education programs and collective action. This history reaches back to well before the creation of the Financial Planning Association (FPA), and it serves as proof of how much can be accomplished through coordinated, consistent, and visionary effort.
We all stand where we are today because of what those who came before us were willing to take on, dream and do. Beyond carrying a debt of gratitude, we all have an obligation to "pay it forward," and do what we can to help move the bar of accomplishment ever upward. Fortunately, we have the FPA, and the Chapter to serve as our organizational structure for doing so.
Accordingly, I'd like to challenge each and every member to continue this tradition of stepping up, and at a minimum, "do one thing" to help move financial planning profession forward. After all, as financial planning professionals, we all know that nothing really changes until we actually become the change we want to see in the world.
Quarterly Education Meeting
Our next meeting will be on November 20, 2013, from 8:30 am to 4:30 pm, at the UCI Student Center. This meeting will include 5 CEs for CFP® Professionals and 5 CPA CPEs.
"We're passionate about the idea of financial planning as a profession and the positive impact it has on the lives of others; we're leading its creation, adoption and recognition, RIGHT NOW."
Promote your FPA membership by using the FPA Member Logo. Displaying the FPA Member Logo communicates your dedication to FPA's Code of Ethics and Core Beliefs.
Mark your calendars for all our upcoming Educational Meetings
Join us on the patio of JT Schmid's as we continue to build momentum from the Allied Professionals Summit! Network with other professionals who can help you bring your practice to a whole new level. Our Allied Professionals community includes CFP® professionals, Enrolled Agents, CPAs, Chartered Financial Analysts, attorneys, investment professionals, bank executives, trust professionals, and other business leaders.
Advisors in Transition
Topic: Peer to Peer Roundtable Discussion & Networking
The Advisors in Transition community addresses the needs and interests of FPAOC members contemplating changes in the ownership, structure and oversight of their practices. More specifically, this community includes advisors in the process of establishing independent practices, considering retirement or ownership transfers, addressing internal and external successions or looking to grow their businesses for future transitioning to the next generation. We invite you to come join us.
Wednesday, November 13th
Click here for details or to register.
NexGen Holiday Happy Hour
Join FPA NexGen for this festive Holiday Happy Hour! Come mix and mingle with up-and-coming financial planners and enjoy the holiday atmosphere at The District.
The NexGen community is for young planners and those who are new to the profession. NexGen strives to: provide members with a network that serves to support, advise and encourage one another in our professional advancement; promote, foster, and direct programs that aid in passing the baton; and explore issues common to younger planners.
Cost is $10. Register here.Volunteer Appreciation Holiday Party
We want to say thank you for all you do! All FPA of Orange County Volunteers are invited to the Volunteer Appreciation Holiday Party on Thursday, December 12. Watch your inbox for more details or contact Carol Bobke (link Carol Bobke to firstname.lastname@example.org). We have the best volunteers!
Women Advisors Forum
T3 Conference - Advisor’s Edition
CALENDAR OF EVENTS
2013 Allied Professionals Summit
Over 175 attendees packed the Pacific Club for the 6th Annual Allied Professionals Summit on October 23rd for a day of great speakers and an opportunity to network with financial planners, attorneys, EAs, CPAs, banking and real estate professionals and more. Each of the thirteen speakers offered fascinating sessions which ranged from UCI Law Dean Erwin Chemerinsky who talked about cases he will argue next month in front of the Supreme Court to Steve Williams of American Realty Capital who unpacked ARC’s headline-making purchase of Cole Real Estate Investments hours earlier to become the top net-lease REIT in the U.S.
Robert G. Antonio
And special thanks to Scott K. Anderson, Julie Anderson-Bray, Caroline Beeson, Carol Bobke, William Cuthbertson, Lesley Elliott, Liz Dahl, Andi Kang, Trudy C. Levindofske, Lee Anne Maki, Kristen Newman, Sy Qureshi, Michael Shockley, and Bob Welge.
FPAOC volunteers taught financial life skills classes to the residents of Mercy House weekly during the month of September. Mercy House provides housing and comprehensive supportive services for a variety of homeless populations which includes families, adult men and women, mothers and their children, persons living with HIV/AIDS, individuals overcoming substance addictions, and some who are physically and mentally disabled.
FPAOC on Twitter
Are you on Twitter? Follow us as at @fpaorangecounty as we tweet about all things FPAOC. Not on Twitter? You can join here. If you tweet about financial planning, we want to follow you too! A big THANK YOU goes out to Andrie Lim of the Communications Committee for tweeting for us.Financial Education Videos
We have a great new tool to improve your practice! Check out the Financial Education page on the FPAOC website. Reference this with your clients, students or when you need a quick presentation. These You Tube videos were created by Kahn Academy. There are 36 separate videos on twelve major financial topics. Thank you to Wil Smith, Community Outreach Director, for spearheading this great tool to increase the financial literacy of our community.FPA of CA
FPA of California, (FPA-CA), the coalition of the 13 local FPA chapters, continues to make terrific progress in establishing collaborative relationships with our regulators and elected officials.
In December 2012, we prepared a comment letter to the Department of Corporations (now the Department of Business Oversight) regarding proposed custody regulations (originally published in the California Regulatory Notice Register 2012, No. 46-Z) that would impact all investment advisors registered with the state. We recommended changes that specifically standardized the state's custody rules with those of the SEC and other states as outlined by the National Association of State Securities Administrators. When we met with the Department of Corporations in June of this year, they acknowledged our comment letter and thanked us specifically for taking the time to respond.
On September 13th, we received an update of the state's custody rules for final comment and were gratified to note that our recommendations were included verbatim in the final proposed rules. We've submitted a second comment letter affirming our support of the rule and will send our members a summary of how they are impacted once the rules are adopted. Our efforts to shape the regulations that directly impact our members were not only welcomed but fully implemented. We anticipate that this is the first of many opportunities that we will have to advocate successfully on behalf of our members and our clients.
FPA-CA is also strengthening our relationship with the State Controller's office through our work on the California Financial Literacy Advisory Committee. The Committee held its inaugural meeting in San Francisco on October 2nd with FPA-CA as one of the 14 organizations invited to participate. FPA-CA President, Evelyn Zohlen, presented the current state of retirement literacy in California; recommended resources the Controller and the committee should consider to address the issue; and described the role that FPA could play in improving financial literacy in our state (with special mention of our Financial Planning Days). Our input was well received and the committee's next steps are, among others, to explore the creation of a state-sponsored website to serve as a single repository of financial literacy resources and to develop a Money Smart Week that offers a wide variety of educational and pro bono advising opportunities sponsored by the myriad of groups that seek to improve the financial well-being of all Californians.
We'll be sharing this good news and offer our further assistance to several Senators and Assemblymen that we will be meeting in their home districts in October and November. We anticipate a warm reception and look forward to reporting our results to you in our next update.
If you have any questions or comments in the meantime, I welcome them at email@example.com.
Thank you to all our 2013 FPA of Orange County Partners! We appreciate your dedicated involvement – not only in our chapter, but in also advancing the profession of financial planning. If you have any suggestions for 2014 partners, please contact Scot at 949-770-7555 or Scot@QFCorp.com.
We have 479 current members, and we are on our way to our goal of over 500! Help us reach our goal by inviting your colleagues to join too! Refer them at http://www.fpanet.org/professionals/Membership/GrowFPA/. Each colleague will receive $25 off his/her membership, and you will receive an additional $25 off of your renewal for each referral!
Help Vets Get Into New Homes with Financial Planning
Our veterans are returning home from deployments and are facing hardships, which includes loss of homes, jobs, medical, and others. Some are severely disabled.
FPA is pleased to offer a valuable new service which will allow members of FPA to split up their dues payment into 12 equal monthly installments.
Looking for an intern? Would you like to be an intern?
FPA Orange County sponsors a very active internship program for both interns and employers. Individuals who would like to experience working in a financial planning office or those who are just “kicking the tires” can sign up to be an intern. Planners who seek occasional extra help or who might be looking to see how a potential new employee might work out can utilize the services of the intern.
Classifieds Space Available
Have a job opening? Looking for a new career opportunity? Our FPAOC website has a Classifieds Page available for use by our members. We can help you advertise:
If you would like to post for any of these categories, send an e-mail or an attachment in WORD to FPA of Orange County.
Click Here for details.
THANKS TO OUR PARTNERS!