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News from FPA of Minnesota
Your Partner in Planning
February 14, 2024
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Message from Board President | |
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2024 President
Nicole Meeker
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In late January, members of your board went to Denver, CO to work with FPA National and other chapters to talk about how we can make FPA of MN better. We got insight to the strategic plan National is rolling out and some of the other initiatives they are working on. But, really some of the best information comes from talking to other chapters. We got some great ideas from how to engage our volunteers to ideas to making our sponsors relationships more robust. Over the next few months, we will be looking into how we can incorporate these ideas into what we do locally. | |
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February Partner Session: How to Value a Client's Business
Wednesday, February 28, 2024, from 11 a.m. - 1 p.m.
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You are in a unique position to be the trusted long-term strategic adviser to your business owner clients. Every business owner eventually transitions out of their business; help your clients navigate this challenging, yet highly important, transaction and life event. From a sell-side perspective, examine topics to consider as you advise your clients’ sale processes. Gain an understanding of the inputs that influence an owner’s decision as to when to sell their business. Get insights on the variables that impact whether the business is ready to be sold. Explore the metrics used to value businesses in the M&A marketplace. Know different buyer types and how to differentiate quality. Review the sale transaction process, from establishing a sale price to marketing the business, receiving offers and buyer’s due diligence.
By the end of the session, attendees will understand:
- Why Knowing the value of a business is important.
- What the value drivers of the business are.
- What EBITDA is and how it is calculated.
- How multiples are calculated to get to a sale price.
- What our process looks like when selling a client’s business.
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Location: Sunbelt Business Advisors, Minneapolis MN
A virtual option is also available.
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February Partner Session Host | |
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NexGen Casual Coffee
Thursday, March 7, 2024, from 8:00 a.m. - 9:00 a.m.
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FPA of MN NexGen will be hosting an In-Person Casual Coffee Social at Five Watt Coffee in Uptown. No registration required. Cost is free. Just a casual way for NexGen FPAMN members to meet up at a local coffee shop, have a cup of coffee together, and get to know each other. |
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Networking Social - Wabasha Street Caves
Wednesday, March 20, 2024, from 4:30 p.m. - 6:30 p.m.
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Come and join us on March 20th for a networking social at the renowned Historic Wabasha Street Caves! Explore the only fully restored relic from the Gangster Era. Take a captivating historic tour through the extensive caves, originally carved into the hillside during the 1800s for mining purposes. Witness its transformation over time, from a mushroom farm to a bustling Restaurant Casino and notorious hotspot for gangsters during the 1930s prohibition era. Dive into the intriguing history as newspapers recount an unsolved gangland murder within the casino premises. Our knowledgeable tour guides will even point out the remnants of bullet holes, sparking tales of the cave's potential haunting by the restless spirits of those mobsters whose bodies were never recovered.
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Exciting Updates to the 2024 Programming Calendar | |
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We’ve kicked off 2024 with our updated programming calendar and couldn’t be more excited for what’s to come! Packed with a plethora of enriching events, insightful sessions, and valuable networking opportunities, this year promises to be nothing short of exceptional for our members.
Chapter Meetings: Our chapter meetings are the cornerstone of our community engagement efforts. In 2024, we are committed to enhancing the quality and relevance of our chapter meetings, ensuring that each session is both informative and engaging.
Partner Sessions: Collaborating with industry partners is integral to our mission of fostering growth and innovation within our field. That's why we are excited to offer a series of partner sessions throughout the year.
Networking Events: Networking lies at the heart of any vibrant community, and we are dedicated to providing ample opportunities for members to expand their professional networks. From virtual meetups to in-person mixers, our networking events are designed to facilitate meaningful connections and foster long-lasting relationships among members.
ASCEND Annual Conference: The highlight of our programming calendar is undoubtedly our annual conference. This flagship event brings together thought leaders, industry pioneers, and decision-makers for a two-day extravaganza of learning, inspiration, and networking. In 2024, we are pulling out all the stops to deliver an unforgettable conference experience that will leave attendees energized and empowered to tackle the challenges of tomorrow.
Save the Dates: Mark your calendars for these upcoming events:
Stay tuned for more details and registration information in the coming weeks. We can't wait to embark on this exciting journey with you and make 2024 a year to remember!
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FPA of MN Mentorship Pilot Program Launching Soon! | |
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The FPA of MN is excited to announce that we will be launching a mentorship pilot program. The goal of this new program is to foster an inclusive and equitable financial planning profession by providing guidance, support, and opportunities for professional and career development through one-on-one mentorship relationships. This program aims to bridge existing experience and diversity gaps by creating a mentorship network that supports newcomers to the industry and empowers underrepresented individuals, ensuring they have the necessary tools and resources to thrive in their careers.
What to Expect:
Tailored Mentorship: Advisors, paraplanners, and associates will have the opportunity to be paired with experienced FPA of MN members as mentors. This tailored approach ensures a meaningful and impactful mentorship experience.
Networking Events: In addition to your one-on-one mentoring meetings, you'll have an opportunity to meet other program participants during the virtual kickoff meeting, virtual networking event, and an in-person wrap-up celebration event.
How to Get Involved: Whether you're seeking guidance or eager to share your expertise, the FPA of MN Mentorship Pilot Program is open to all. Keep an eye out for details on how to sign up as a mentor or mentee!
Stay tuned for more details coming later this month!
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Black History Month
As we observe Black History Month, we proudly recognize the profound impact of African Americans in the financial planning profession. From breaking barriers in leadership to advocating for economic equity, their contributions have shaped a more inclusive and diverse financial landscape. This month, let's honor and celebrate the achievements of Black individuals. Rianka R. Dorsainvil, CFP® is the Creator and Host of 2050 TrailBlazers — a podcast that directly addresses the lack of diversity in the financial planning profession by engaging industry experts and leaders in conversation to encourage cultural awareness, cultural perspectives, and ways to make a measurable impact.
Learn more about the unique experiences of Black advisors from this recording of the February 2023 FPA DEI Learning Series, or register here to join the African American Knowledge Circle’s upcoming event on Thursday, February 22, 2024 at 1PM CT.
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Help us choose the next book for our April Book Club Meeting!
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A Place for Us: A Memoir by Brandon J. Wolf – From one of the most vital and passionate LGBTQ+ activists comes a powerful memoir about self-discovery, community, love, and resilience in the face of adversity.
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The Distance Between Us: A Memoir – Acclaimed author Reyna Grande describes her childhood torn between the United States and Mexico, and shines a light on the experiences, fears, and hopes of those who choose to make the harrowing journey across the border.
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Narrative Economics: How Stories Go Viral and Drive Major Economic Events – Author Robert Shiller argues that studying popular stories that affect individual and collective economic behavior--what he calls "narrative economics"--has the potential to vastly improve our ability to predict, prepare for, and lessen the damage of financial crises, recessions, depressions, and other major economic events.
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Upcoming events and deadlines | | | | |
