March, 2024

President's Message:

We hope your spring is "hopping" off to a great start! Please take a moment to review the FPA of Michigan News and mark your calendars for our upcoming events.

Michigan does not have any pending legislation that would affect our profession at this time. Therefore, we are planning to do something different with our Advocacy initiatives this year as follows:

• Rather than having an Advocacy Day at the capitol this spring, we are working to solidify a sponsor to champion a resolution next year to recognize April 2025 as Financial  Literacy Awareness Month in Michigan!
• We plan to encourage the scheduling of in-district meetings with your legislators later this fall. Watch for details!
• Our annual pro-bono virtual financial planning session for legislative staffers is scheduled for April 29th, 2024. We need volunteers for follow-up one-on-one sessions. See more information below!

If you have any questions, please contact Nick Nauta, our Advocacy Chair: nnauta@srbadvisors.com.

Julie Hall, CFP®, CFT-I ™, MSF

FPA of Michigan

2024 Chapter President

Pro Bono Volunteers needed for one-on-one meetings with Legislative Staffers!

On Monday, April 29th, the FPA of Michigan Pro Bono Committee will be hosting a pro bono event for State of Michigan legislative staffers. During this event, legislative staffers will hear a presentation on a broad overview of a variety of money topics, including budgeting, expense, debt, saving and retirement among other things. At the end of the presentation, staffers will be given the opportunity to sign up for one-on-one virtual meetings with FPA of Michigan volunteers. We are looking for FPA of Michigan members to volunteer to meet with staffers. If you are interested in volunteering to host a one-on-one appointment with a staffer, please click here to complete a short form. Please note, in order to volunteer for this opportunity, you do need to be a CFP® and have completed the FPA Pro Bono Training. Please click here to learn the next steps to becoming a Pro Bono volunteer, including the Pro Bono Training.

______________________

We are also seeking volunteers to lead webinars on financial planning and literacy tailored to older adults for the Wayne State University Institute of Gerontology's SAFE program. These webinars are part of their monthly ZOOM series on Financial Gerontology, held the first Friday of the month. If you're interested in presenting, please contact Sandy Adams with your topic proposals. 

**Also email Sandy if you're interested in offering Pro Bono one-on-one consulting sessions to seniors in need, should we be able to offer these sessions after the webinars.**

FPA MI | Lunch & Learn Grand Rapids

What it Takes to Buy a Home (or Second Home) in West Michigan Today

Tuesday, April 23rd | 11:30 am to 1:00 pm | CityFlats Hotel

Join us for lunch and a presentation by Ken Smith of Homestead Realty along with Craig Wolffis and Michael Bartels of Old National Bank who will walk through the current low inventory real estate market, challenges buying a home or second home, and strategies to get you or your clients’ offers accepted.

Learn More

______________________

FPA MI | April Webinar

Not All Cyber Insurance Is Created Equal

Tuesday, April 30th | 12:00 pm to 1:00 pm | Virtual through Zoom

Most of us know by now that cyberattacks are a real threat to our financial planning practices. So, what are some cyber claim themes that we should be aware of? Stay at your workstation and experience a virtual presentation to learn more with Rich Carrico, CIC, CAWC, President of Carrico Maldegen Insurance Agency. 

Learn More

______________________

FPA MI | Professional RoundTable & Case Study

Thursday, May 23rd | 8:30 am to 10:00 am | Southfield

As a financial planning professional, you appreciate and believe that financial planning has the power to improve lives. Have you ever wondered how other caring professionals dispense advice, both technical and behavioral, for their clients’ benefit? If so, we invite you to participate in this interactive case study and round table discussion to share your wisdom as well as to hear from your peers.

Learn More

______________________

FPA MI | 4th Annual Student Success Golf Outing

Friday, September 13th | 10:00 am to 6:00 pm

Forest Akers West Course in E. Lansing

Mark your calendar as it's never too early to think about golfing! Look for more information to be shared soon!

______________________



FPA MI | 2024 Annual Symposium

September 26th and 27th | L.V. Eberhard Center in Grand Rapids

Mark your calendar for this not-to-miss event! Look for more information to be shared soon!

2024 Student Success Summit Recap

We are thrilled to share the success of our recent virtual event, the FPA of Michigan 2024 Student Success Summit. This summit aimed to empower and inspire the next generation of financial planners, and it surpassed our expectations in terms of participation and impact.

Event Overview:

Date: February 4th 2024

Student Success Summit Website

Key Highlights:

• Nearly 300 students registered for the summit, indicating a strong interest in the future of financial planning.
• We were proud to award tuition scholarships to three outstanding Michigan students, contributing to their educational journey and supporting the growth of our local talent.
• Since the inception of the Student Success Summit, over 1,000 students have participated from all across the country, showcasing the enduring impact and relevance of this initiative.

Speaker Lineup: The summit featured an impressive lineup of industry experts and thought leaders, including our very own Michigan members Colin Overweg and Calvin Wiersma. Other speakers included Josh Brown, Justin Castelli, Hannah Moore, Brett Danko, and Cathy Curtis.

We extend our heartfelt gratitude to all the speakers who generously shared their knowledge and insights to make this event a resounding success. Their contributions have undoubtedly left a lasting impression on our attendees, providing valuable guidance and inspiration for their future careers in financial planning.

Acknowledgments: We would like to express our appreciation to all of those who donated to our scholarship fund, volunteers, and participants who played a crucial role in making the Student Success Summit a memorable experience. Your support is instrumental in fostering the growth and development of the next generation of financial planners.

Looking Ahead: As we reflect on the success of the 2024 Student Success Summit, we are motivated to continue our commitment to providing valuable opportunities for learning, networking, and professional development. Stay tuned for future events and initiatives as we strive to elevate the financial planning profession in Michigan.

Thank you again for your continued support. Together, we are shaping the future of financial planning in our community.

Best regards,

Stephanie Trexler, CFP®, MS

Career Development Committee

Financial Planning Association of Michigan

FPA MI Mentorship Program

One of the best parts of the financial planning profession is the collaborative culture that exists within the industry. Often, we hear stories of altered career paths or lifelong friendships resulting from an introduction at a conference or other industry event. The FPA of Michigan desires to participate in promoting collaborative and supportive relationships for the next generation of industry talent and to do this, we have created the FPA of Michigan Mentorship Program. 

The goal of the Mentorship Program is to connect FPA Members with students who aspire to pursue a career in financial planning. The program allows the mentor to provide the mentee with “real world” advice and educate them on the different career paths available to financial professionals. Mentees will look to their mentors as a sounding board as they begin to navigate starting their financial planning careers. 

Mentors and mentees will meet in-person or remotely three times between April and October and mentors will be invited to the student’s final capstone financial planning presentations at their schools. If you are a student interested in pursuing a career in financial planning and learning how to get started from a seasoned professional, consider signing up for the Mentorship Program today!

Whether you are interested in becoming a mentee or a mentor, click here to learn the next steps!

CoreCap Advisors is delighted to be a Community Partner of the FPA of Michigan for our second year. CoreCap, located in Southfield MI, is a $2.5B independent RIA and has been partnering with advisors for over a decade. Through our support, advisors can maintain their independence but not feel like they’re going it alone. One of the many ways we do this is through a coaching and training program to ensure advisor success. This partnership allows advisors to develop various facets of their business in a structured way.

Click on the below link to learn more about how we help advisors increase the value of their business and focus on growth.

Learn More:

https://corecapinv.net/our-core-values/ or contact Margaret Dunlap at (248) 780-3539 or Margaret.dunlap@corecapinv.com

Journal of Financial Planning

The March 2024 issue of the Journal of Financial Planning is now available! Read this month's issue to get caught up on the latest trends and cutting edge research in financial planning. 



Attention FPA of Michigan Members:

It has come to our attention that to be listed on the FPA national website in the “Find a Planner” section, our members need to OPT-IN directly within the national site.

We know how important having visibility on a national scale and site can be, so please take a few moments to update your preferences and information via the link here.

Questions? Reach out to Mary Medonis at info@fpami.com.

Connect With Us



FPA of Michigan

Email: info@fpami.com | Phone: 248-330-7757 | www.fpami.com