In This Issue
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President's Message
President Elect's Message
Statement on Diversity & Inclusion
Membership
Career Development
Advocacy
Strategic Partners
FPA National News
Celebrating Members
Upcoming Meetings
2020 Strategic Partners
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President's Message - Landon Tymochko, MBA, CFP®
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Landon Tymochko
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As I reflect on the trauma that we've experienced over the last 4 months, I'm struck by images and stories of U.S. troops besieged during the Battle of the Bulge during World War II. For those who aren't historians, during that time the German troops surrounded and bombarded the US 101
st Airborne Division in the German Ardennes forest during one of the coldest European winters on record. The attack was relentless, and lasted for over a month. When the Germans demanded the US surrender, Brigadier General Anthony McAuliffe provided them the now famous response: "Nuts!" Eventually, the siege was broken by General Patton, and the US and Allied troops eventually went on to win the war. And the rest is (literally) history.
I'm in no way equating our recent market volatility with what our troops in WWII went through. Their service and sacrifice is nothing but extraordinary. However, doesn't the last 4 months feel like we've been besieged from all sides? First, we started with the Covid-19 pandemic, economic shutdown, market collapse, huge unemployment reports, and complete disruptions to ordinary life. Then we are shocked by the horrible situation that lead to George Floyd's death, and the widespread protests against police violence, some that unfortunately turned violent and led to riots and more death and destruction.
I don't know about you, but I kinda feel like a soldier crouched in a foxhole, just trying to make it to the next day, while the world seems to just keep blowing up around me.
However, just like those soldiers who survived to see our victory during the war, they kept their mission as their primary focus. They did not back down. In a similar way, we are doing the same thing for our clients. We are leading them through this battle one day at a time, keeping their goals and dreams as our primary focus. Eventually, the dust will settle. Life will normalize again, even if "normal" may look different than it used to. Together, we will get through this, both as financial planners, and as a profession.
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President-Elect - Dusty Hoetger,
RICP®, CFP®
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What a year so far! Here it is July and it would appear that we won't be getting together socially anytime soon. I know many of us may be starting to go a little stir crazy and are looking forward to getting back to "normal". But what will our new normal look like? Only time will tell...but I am hopeful that we will all appreciate each other a bit more and the time spent together. And after these few socially distant months, I personally have come to appreciate the FPA even more! And especially the members who make up our chapter. I look forward to seeing each of you as soon as we can do so safely. I also hope to welcome many new faces! If you haven't attended one of our meetings, we hope you will join us when we can all meet again.
In the meantime, FPA does provide many great resources and I would like to share a couple with you today.
1) FPA Launches New Learning Center
To provide cutting-edge and easily accessible programming to those in the financial planning community, FPA launched a new Learning Center in partnership with
CommPartners
on June 20. The new Learning Center features a simplified single sign-on (SSO) for users, 150+ on-demand webinars (with more than half offering continuing education credit), and easy access to Journal of Financial Planning and Financial Services Review exams. Registrants can also identify courses of interest, including the level of complexity, specific financial planning modules, and more. Live, online courses have resumed and FPA members will soon be able to access a comprehensive learning transcript that captures all their FPA learning experiences, including completed courses and conference sessions.
View and register for courses
today as you continue to pursue mastery in financial planning.
2) New to the Profession? Check Out the FPA Next Generation Planner
In this month's FPA Next Generation Planner, learn from Cameo Roberson, AAMS®, about how you can use volunteering to build your professional brand. Also, get tips from your peers on how best to communicate your value to clients and potential clients and why past financial crises made Karma Forrestal, CFP®, a better financial planner. View the
July issue.
Be a hero...save a life! Please wear a mask.
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Statement on Diversity & Inclusion -
Landon Tymochko, MBA, CFP®
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I want to specifically address the issue of racial inequality that we are confronting after George Floyd's death. It is no secret that our profession has struggled with racial diversity. If we truly want to change that, we must be proactive. We cannot just assume it will happen. Even if we don't see them, closed doors still exist. Biases still exist. Even if we don't think we have them, we probably do. In my opinion, a key reason why a lack of diversity still exists in our profession is because we haven't provided an environment that
truly welcomes it.
We all have blind spots. One of mine was recently shown to me as the leader of this organization
.
Words matter. As those who have chosen a profession in which your primary tool of the trade are your words, it is important for us all to be keenly aware of the impact of what we say. We don't all have to agree with each other, but we should demonstrate respect for each other. And when something is said that could be offensive to one of us, even if said innocently or unintentionally, we
all
have an obligation to say something, . . . and to act. We must follow words with actions to get to the root of this problem.
If you have not yet seen FPA's messaging regarding this important issue, I'd strongly encourage you to read it
HERE
.
I'd also ask you to hold me and our board accountable to making measurable progress to make this organization one that is fully inclusive and accepting of everyone.
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Membership - Ray Harrison, CLU, ChFC, RFC, CEP, BFA & Judy Ho,
CFP®, CDFA®, MBA
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Can you Measure the Real Impact and Power of a Connection?
 One of the most impacting business individuals of our time, Billionaire and Visionary, Sir Richard Branson, places a huge value on his business connections. While the connections we share in our FPA Chapter may not help us become billionaires, there value is still tremendous.
Sir Richard Charles Nicholas Branson (born 18 July 1950) is a British business magnate, investor, author and former philanthropist. He founded the Virgin Group in the 1970s, which controls more than 400 companies in various fields. Branson expressed his desire to become an entrepreneur at a young age.
"Across my 69 years of life and over 50 years in business, I have made so many wonderful connections. These connections have made me who I am today and have driven the success I have experienced."
So, in ode to this month's Virgin.com theme, The power of connections, here are his top 10 quotes on the subject:
10. "Invisible threads are the strongest ties." - Friedrich Nietzsche
9. "Sometimes, reaching out and taking someone's hand is the beginning of a journey. At other times, it is allowing another to take yours." - Vera Nazarian
8. "We are like islands in the sea, separate on the surface but connected in the deep." - William James
7. "I love those connections that make this big old world feel like a little village." - Gina Bellman
6. "Your connections to all the things around you literally define who you are." - Aaron D. O'Connell
5. "If you go off into a far, far forest and get very quiet, you'll come to understand that you're connected with everything." - Alan Watts
4. "I see a world in the future in which we understand that all life is related to us and we treat that life with great humility and respect." - David Suzuki
3. "All is connected... no one thing can change by itself." - Paul Hawken
2. "I am a part of all that I have met." - Lord Tennyson
1. "Whatever affects one directly, affects all indirectly." - Martin Luther King Jr
The sharing and connection we enjoy in our chapter are a tremendous value to all of us. Let's expand this beautiful chapter that we are blessed to share.
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Career Development - Daryl Wong, EA, CFP®
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The FPA recently launched an FPA Externship program for all FPA members. The goal is to provide the mentorship and education students are looking for but through an online format since many are unable to "work in-office" during these times. This is an eight-week program where offices from across the nation have offered their time to show students their financial planning process and how they conduct their business. By having multiple offices conducting these virtual externships, students will be exposed to various styles of planning and operations so they can gain broader experience and skillsets.
While the first FPA Externship registration has already closed, we hope to spread the word of this opportunity so members can register in time if a second one is offered. And from what we're hearing, the first round has been very well received so it may be safe to assume a second program may be offered in the future.
As FPA Members, we can show our support of this program by encouraging new and aspiring planners to join the FPA Externship if a second one is offered. Most importantly, we can also show our support by supporting them and encouraging open communications with them to guide them through this learning experience.
Until then, FPA of Northern California will continue to work hard to be a dependable resource for you and is ready and happy to help with whatever questions you may have.
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Advocacy - Claudia Kane, CFP®, CIMA, CPWA, ADPA, CDFA
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While it seems so many things have stopped in our current lives, policies affecting our profession are still moving along.
As you may have read, the XYPN vs. SEC case regarding Regulation Best Interest was decided in favor of the SEC. If the case is appealed, it will go straight to the U.S. Supreme Court.
Additionally, the Department of Labor announced its fiduciary rule on June 29, 2020. The comment period is open for 30 days, and FPA is currently reviewing how we wish to respond.
Advocacy Days in Washington D.C. were canceled this year due to Covid-19 and the closure of our hotel until the fall, when the upcoming election will create a very busy time for our legislators. Keep an eye out for the 2021 date when it is released. This really is something you should attend at least once (though if you do it once, you'll probably want to come back every year).
A great resource for information is the FPA SmartBrief you receive in your email box (along with a ton of stuff you'd rather not read!). This truly is worthy of your time to at least review and see what's going on. The new FPA National website,
financialplanningassociation.org is another great resource. Check out the Advocacy page for legislative news and updates.
I hope you and your families all continue to be safe and well, and I look forward to seeing you all again soon.
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Strategic Partners - Launi Cooper, CRMP® & Greg Zane, CFP®
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Well this year has been one for us to never forget! While we are all adapting to our new work "environments", please keep in mind our Strategic Partners are still open for business and not only willing but want to be a resource for you! We have added a page on our website:
http://fpanc.org/sponsors/partner-resources/ where you'll find some excellent resources from our partners during these unprecedented times! Also, please don't hesitate to call or email any of our partners with questions! They are there for you! To our partners that have not had a chance to present yet this year, we are hoping to get you scheduled for this fall when we are hopefully all back together!
We would also like to
CONGRATULATE
Art Allen, formerly with UnitedHealthcare, on his retirement! We truly appreciate his support over the years and wish him a happy and relaxing retirement! We look forward to working with
Kent Lewis
and building a great relationship together.
Stay safe and healthy!
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FPA National News
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FPA Launches Search for New CEO
FPA National recently announced the news that after more than two decades of service to the association, CEO Lauren Schadle, CAE, will no longer be with the organization. The FPA Board of Directors will begin a formal search for FPA's next CEO and has retained Vetted Solutions, a leading executive search firm in Washington, D.C., that specializes in working with associations and nonprofits.
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What are Your Peers Learning This Month?
Dive deeper into this month's Journal of Financial Planning to discover strategies and resources for addressing systemic racism in the profession by creating inclusivity, preparing for prospective
clients' questions, and making a difference. Additionally, Robert B. Mauterstock Jr., CFP®, CLU®, ChFC, CLTC will address the concerns of aging Baby Boomers and offer suggestions for financial
planners to change from being asset managers to lifestyle managers. Thank you to American Advisors Group for powering this month's Journal of Financial Planning. Check out the July issue.
FPA Has a New Website!
After several months of development, FPA recently launched their new website and brand marketing materials. Our chapter is in the process of updating our platforms as highlighted in the new look of this newsletter. If you haven't already, be sure to visit
www.financialplanningassociation.org and take a look around!
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Celebrating Our Awesome Members!
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Members Celebrating Milestones
15 Years
Amanda Johnson, CFP®, Ameriprise Financial Advisors
Dan Toman, CFP®, Confluence Financial Planning
30 Years
Taylor Welz, CPA/PFS, CFP®, Welz Financial Services, Inc.
New Members
Lori Bodenhamer
Emily havez Perez
Jackson Chen
Nancy Corrigan, CFA, Corrigan Financial, Inc.
Jennifer Dazols
Cissy Hu, GV
Elena Panco
Antwain Parker
Jason Shorin
Laura Thompson
Richard Wood, Finance America
Lana Xiao, CFP®, Summitry LLC
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Upcoming Meeting(s)
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Date: August 14, 2020
Time: 11:30 am - 1:30 pm
Title: VIRTUAL MEETING - The Three Terrible "T's": Toilets, Tenants & Trash
Speaker(s): Frank R. Acuña, Founding Partner, ACUÑA ❖ REGLI
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Thank You to Our 2020 Strategic Partners!
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FPA of Northern California
PO Box 583231
Elk Grove, CA 95758
Phone (916) 443-4237
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