Happy February! It's the last full month of winter... somewhere!
It was great to see so many members at the January chapter meeting. Our Programs Committee has planned more enriching content throughout the entire year. If you have yet to attend a monthly session, register for our next engaging panel presentation on Feb. 21. Also, please take note of the exciting progress of the Financial Literacy Coalition of MN and their Day at the Capitol event.
FPA MN Updates and Highlights
Last year the board voted to raise 2023 membership dues after benchmarking comparable chapter dues, evaluating member benefits and analyzing our financials.
Our FPA MN dues are composed of two parts for CFP® and Allied Professional members.
- An amount that the national office sets
- An amount that the MN chapter sets
CFP® members: the national dues are $375 and the MN chapter dues increased from $95 to $110 (total $485).
Allied Professionals: the national dues are $299 and the MN chapter dues are $85 (total $384).
Three other membership categories have yearly national dues and no MN chapter dues.
- Aspiring Financial Planners: those that don't work in the financial planning or financial services industry ($50)
- Academic: those that teach full-time in a financial planning degree or certificate program ($199)
- Emeritus: those that are financial planning professionals and have retired or are working for no more than 20 hours per week ($149)
Foundation for Financial Planning (FFP) 2023 Grant Recipients
FFP provides funding for organizations that help the underserved with financial planning services. 2023 grant recipients include three MN organizations - the Angel Foundation in Mendota Heights, Prepare and Prosper in St. Paul and Wings for Widows in Wayzata.
I invite you to serve others in a Pro Bono engagement. Coordinated through our Pro Bono Committee, FPA MN has many opportunities for you to help underserved people. Please connect with the committee's director, Tiffany Walker, or anyone on our board.
Minnesota State Mankato Scholarship
In January, the board voted to support an educational scholarship of $2,000 per year for three years. Ideally, this will be awarded to a CFP® student from an under-represented group within the financial planning profession.
Free March Webinar for Members
Our MN chapter belongs to the Alliance Forum - composed of the larger FPA chapters. We recently voted to pool our dollars within the Alliance to bring nationally recognized speakers, Dr. Moira Somers and Dr. Carolyn McClanahan, to the collective chapters. By doing this, FPA MN's maximum cost was limited to $1,000.
This fantastic webinar, addressing client cognitive incapacity, will be held on Friday, March 24. To learn more and register for this free event, click here.
Calendar of Events
The board strives to have events on the master calendar as far in advance as possible. See our website's calendar or events tabs for what's already scheduled in 2023.
Please watch your email for a short survey. For planning purposes, we'd like your input on a few questions.
I encourage you to become involved in our chapter. Join a committee, and bring your ideas and suggestions. Let’s make FPA MN the best that it can be!