News from FPA of Minnesota

Your Partner in Planning

January 3, 2023

Message from our 2023 Board President Bruce Lorenz

January Chapter Meeting: Acquisition growth and succession planning

Tuesday, Jan. 17, from 7-10 a.m.

Whether you are looking to expand your business or make a plan for its future, January's presentation will provide the strategies and steps needed for purposeful and methodical business evolution.

Join us for a presentation by Al Johnson of Portfolio Partners, followed by a panel discussion with Jeff Nymark of First Eagle Investment Management and Tim Werner of Legacy Private Wealth Group. The session will cover business acquisition, how to structure your business to maximize its value and how to execute a succession plan.

Register here. In-person and virtual options are available. Use a season pass for a year of discounted pricing (see details below)!

Your choice of location! Attend our chapter meeting at the beautiful Metropolitan Ballroom & Clubroom in Golden Valley or watch the meeting remotely.

Advocate for financial education: Involvement through the Literacy Coalition of Minnesota

FPA MN is excited to support an important initiative to give more Minnesota students access to personal finance course offerings. 

A group of community leaders, financial service professionals, and the Minnesota Council on Economic Education (MCEE) established the Financial Literacy Coalition of Minnesota (FLCM) to support a state-wide financial education initiative. In this upcoming legislative session, the coalition plans to submit a bill requiring a semester-equivalent personal finance course for high school graduation. 

Seventeen states have already passed this graduation standard, and only a small percentage of Minnesota school districts have this requirement.

We know collaboration is key to strengthening youth financial literacy. If you are interested in getting involved with the FLCM, please complete this MCEE-hosted survey.

Opportunities for involvement include regular updates, advocacy for legislation, monetary support, and assisting with implementing a personal finance curriculum. All information you provide will be kept confidential and used solely for contacting you regarding this initiative and other updates from MCEE. 

Questions? Email [email protected]

CFP® volunteers: Prepare + Prosper and Asian Women United Minnesota need your help

Prepare + Prosper

Are you looking for a way to give back to your community this winter? Prepare + Prosper (P+P) is recruiting CFP® volunteers for the 2023 tax season. P+P is a nonprofit focusing on financial wellness and empowerment by offering free tax preparation, financial services and banking products.

CFP® volunteers receive referrals from P+P’s tax clinics and schedule one-to-one meetings (virtual or phone call) with P+P customers to provide individualized financial guidance. Volunteers are trained in the economic challenges P+P populations tend to face to communicate with equity and respect. Volunteers will gain valuable experience working with diverse communities. 

Training and volunteer work are entirely virtual! The deadline for signing up is Jan. 16, and training begins two days later. 

Click here to check out the full volunteer role description, and complete this form to express your interest.

If you have any questions, please email Sara.

Asian Women United Minnesota

FPA MN has a new pro bono partnership with Asian Women United Minnesota (AWUM) starting in 2023. We are looking for five to ten CFP® volunteers to provide financial education workshops and one-to-one consultations for the women they serve.

Financial workshops cover budgeting (creating a spending plan), cash flow and debt management, banking and credit scores, and more. FPA provides the presentations and handouts materials. The one-to-one consultations with a CFP® professional will be held one week after each workshop to discuss individual questions or concerns.

Details:

• Location: AWUM, Minneapolis

• Financial education workshops: Thursday, Feb. 9, and Thursday, Mar. 9

• One-to-one consultations: Thursday, Feb. 23, and Thursday, Mar. 23

• Workshop and consultation time: check-in 5 p.m., 5:30-7:30 p.m. sessions

We need bilingual volunteers! Spanish, Hmong, Mandarin, and Karen languages interpreters will also be available on-site.

For more information about Asian Women United of Minnesota, click here.

Mark your calendar: NexGen Casual Coffee Social

Thursday, Jan. 26, from 8-9 a.m.

FPA MN NexGen will be hosting a Casual Coffee Social at Peoples Organic in Edina's Southdale Mall. There's no registration and NexGen’s picking up your coffee tab. Our chapter's coffee socials are a fun way for members to get to know each other.

Act now: Upcoming deadlines

Discounted partnership packages: Become a partner by January 31 and receive a 5% discount. Learn more about the benefits and sign up to be a chapter partner here.

2023 meeting season passes are now available! For $299, FPA MN members can attend this year's ten regular chapter meetings, Lunch n' Learn webinars and NexGen K'Nex virtual events and will receive two guest passes (passes worth $130). When registering, click the Registration Type pulldown menu and select the FPA MN Season Ticket (not paid) - members-only option. 

Partner Spotlight: January 2023

As an industry leader in risk management, Allianz Life Insurance Company of North America (Allianz) is committed to helping advisors prepare their clients for retirement with innovative fee-based solutions that provide a level of asset protection and the opportunity for guaranteed income in a time of growing market uncertainty. Our growing suite of risk management solutions are designed to address multiple investment objectives across a spectrum of practice models and partner affiliations.

We’ve also made significant investments to seamlessly integrate with your practice by affiliating with insurance licensing partners and establishing relationships with wealth management platforms. We know you have a fiduciary responsibility to your clients, and we are ready to provide innovative solutions that help reinforce your distinctive value proposition.

To learn more, please visit the Allianz website or reach out to Brian Landwer, Regional Vice President of RIA & Institutional Markets, at [email protected].