SPRING 2012 ISSUE

President's Message
Financial Planning Day 
Pro Bono Corner
Member Highlights
UCD Extension Courses
Government Relations
CSUS Career Night
Marketing Intern Needed 
Far West Roundup
Calendar of Events
Chapter Sponsors

Board of Directors
President
Debbie Grose, CFP®
Lighthouse Financial Planning, LLC
debbie.grose@lighthouse
financialplanning.com

(916) 932-7200
__________________________
President-Elect
Scott Draper, CFP®, CPA
Pennington Financial Group
scott@pfgadvisor.com
(916) 635-5858
__________________________
Chairman/Past President
Steve Raymond, CFP®, MBA
Navion Financial Advisors, LLC
steven.raymond@
nfadvisors.com

(916) 635-2220
__________________________
Treasurer
William Donovan, CFP®
Foothill Securities
wdonovan@
foothillsecurities.net

(916) 971-3905
__________________________
Director of Programs
Lori Ackerman
lori@starstream.net 
__________________________
Director of Membership
Heather Matthews
Lincoln Financial Advisors
heather.matthews@lfg.com
(916) 868-3937
__________________________
Director of Pro Bono
Jenny Hood, CFP®
Cynthia Meyers, CFP®
jhood@cmeyers.com
(916) 927-6487
__________________________
Director of Public Relations
Jeff Maas, CFP®, ChFC®
Lincoln Financial Advisors
jeff.maas@lfg.com
(916) 868-3900 ext. 3935
__________________________
Director of Career Development
Chase Armer, CFP®,
CFA®, EA
Planned Solutions, Inc.
carmer@
plannedsolutions.com

(916) 361-0100
__________________________
Director of Gov’t Relations
Jim Johnson, CFP®
Lighthouse Financial Planning, LLC
jim.johnson@
lighthousefinancial
planning.com

(916) 932-7200
__________________________
Director of
Corporate Sponsors

Janice Dunn, CFP®
Partnervest Financial Group, LLC
jdunn@partnervest.com
(805) 966-1266 ext. 202
__________________________
Executive Director
Holly Wilkerson
FPA of Northern California
holly@fpanc.org
(916) 443-4237
__________________________

FOLLOW US


The heart of Financial Planning TM
President's Message - Debbie Grose, CFP®

Debbie Grose
Why are you a member of the FPA?  What are you doing to make the most of the membership?  I hear these questions on a regular basis.  And I believe it’s a good practice to reflect on these questions periodically.  After all, it is important to measure the value received against how you allocate your time and money. 

In reflecting on these questions, the notion of, ‘you get what you give’ comes to mind.  I firmly believe the more you put into something the more you are likely to get out of it.  This has certainly been my experience with the FPA.  Both my professional and personal growth opportunities have been limited only by the extent my imagination can reach.   

A few years back I realized there were no Personal Financial Planning undergraduate degree programs in Northern California.  Given that we had one of the largest financial districts in our back yard (San Francisco) this fact baffled me.  Then, I started to think about succession planning within my own firm, it concerned me.  As a result, I opted to get involved with Career Development within the FPA.  Through this volunteer activity and networking within the FPA, I have been fortunate enough to be integrally involved in bringing a CFP board certified, undergraduate degree program to the CSU Sacramento campus.  The benefits are numerous, not the least of which, include furthering the profession and creating a richer pool of potential new hires for my firm. Without the FPA organization and its many dedicated members, it could not have happened.  This is just one example of the many fine opportunities and possibilities awaiting, and the effect you can have on our profession, our region and your practice.  

A picture is worth a thousand words and the link below will take you to a visual that highlights the vibrant FPA community we are fostering.  It’s an illustration of what the various board members and committees are working on.   

Please click here

You will see the two big goals of your FPANC board of directors include:  
1) Promote the financial planning profession, and

2) To provide opportunity to our members. 

Come to the June meeting to hear more about what is going on and learn how you can make the most of your membership.  At the meeting, I will touch upon how we are promoting the profession by developing a strong relationship with our state legislature through the formation of FPA of California, California Department of Corporations, our academic partners and various media partners. 

Additionally, there will be announcements about exciting events scheduled for this fall, including: Financial Planning Days of Greater Sacramento, our November meeting being held at the CSUS Alumni Center, a visit from FPA CEO Marv Tuttle and FPA President Paul Auslander, CSUS Student Chapter formation and continuing support for the UC Davis certificate program. Continue reading article here
SAVE THE DATE - Financial Planning Day 
by Steve Raymond, CFP®, MBA

Financial Planning Day is being held once again at West Sacramento City Hall on October 13, 2012More details to follow soon...

 
Steve Raymond 

 

Pro Bono Corner - Jenny Hood
Jenny Hood

Being involved with the Financial Planning Day of 2011 let me see first-hand what a great collection of talent we have in our region. I also got to see that there are a lot of planners who want to give back to the communities that they live in. Being a part of the pro-bono committee is a wonderful way to help give back to your community. We received a lot of feedback from planners and volunteers who were involved in the Financial Planning Day saying how gratifying it was to be a part of the event. Therefore, I would urge you to get involved and help! It does not have to require a lot of commitment, whatever time you have to give would be appreciated.

My goal is to be able to provide pro-bono opportunities for you, our members, who want a way to give back. I have started to reach out to community based organizations and other local FPA chapters to see how we can help and how others are already helping.

Recently I heard of a program through our President, Debbie Grose, called StartingOver. This program is going into its second year in the East Bay, between the local FPA Chapter and the Neighborhood Housing Services of the East Bay (NHS). The goals of this program are: 1) Increase income, 2) Increase savings/assets, 3) Decrease/eliminate debt, 4) Improve credit score. NHS screens and selects participants to be paired up with volunteer planners. It is a one year commitment and all of the resources are provided to the planner. So far they have 14 planners helping 15 – 20 families, but there is a wait list of families who would like to be a part of this program. To be a part of the program, there is a mandatory phone conference on Thursday, June 7th at 10am.  If you are looking for an opportunity to get involved and give back, please contact me for more details.  

I am also interested in hearing about pro-bono efforts FPANC members may already be involved with and if you feel we can be a resource.

If you would like to get involved, have any ideas or suggestions, please contact me at: jhood@cmeyers.com.

Member Highlights
Member News

Congratulations to member Tina Florence, CFP® on her appointment to the CFP Board's Disciplinary and Ethics Commission! The Commission is responsible for conducting disciplinary hearings in Washington DC three times each year and applying the Standards of Professional Conduct to allegations of misconduct by CFP® professionals. The Commission imposes appropriate discipline where it finds violations of the Standards. Tina will serve a four-year term on the Commission. 

 

Members Reaching Milestones


NameYears
Benjamin Knight5
Matthew Etzler10
Chase Armer10
Shawn Claycomb10
Paul Wheeler10
Richard Freyman15
Jim Johnson30






Welcome New Members!

Jennifer Chesini, CFP®
Private Capital Management Associates


Launi Cooper
MetLife Bank


Daniel Derepentigny, CIMA, CFP®
Ministry Capital Management


Cameron Hess
Wagner Kirkman Blaine Klomparens & Youmans


Shaini Lewis, CFP®
Ameriprise Financial

Rashida Lilani, CFP®, CMFC
Lilani Wealth Management

George McCuen, CFP®
Napa Wealth Management, Inc.

John Fobes

Richard Lopes

George Olveda


Lauren Williams

Spring Courses in Personal Financial Planning Offered at UCD Extension

Haven't gotten your CFP® yet? Or perhaps you want to give a few of your employees a leg up? UC Davis Extension's Certificate in Personal Financial Planning offers the required education! This CFP® Board-Registered Program is designed specifically to cover the body of knowledge needed to prepare for the CFP® Certification Examination.  Here's what's coming up in the near future:

SPRING COURSES:

1)  Fundamentals of Personal Financial Planning:  June 13 (Chase Armer, CFP®, CFA®, EA, Instructor)

2)  Income Taxation in PFP: June 14th (Dan Staszak, CPA instructor)

To enroll in any of the above courses, visit UC Davis Extension at www.extension.ucdavis.edu/bm 

For more information, please contact Kari King at  kjking@ucdavis.edu

 

Government Relations - Jim Johnson, CFP®
Jim Johnson

New CFP Board Rules on Bankruptcy, Experience Requirement and Changes to the Disciplinary Rules and Procedures

Bankruptcy Disclosure Procedure

The Board of Directors adopted a new procedure for addressing those individuals who have filed a single bankruptcy within the previous five years and are not under investigation by CFP Board for any other conduct. These are known as "bankruptcy-only cases."

With the new bankruptcy disclosure procedure, CFP Board will:
Verify the bankruptcy filing by checking publicly available records;
Note the bankruptcy filing on the CFP® professional’s public profile as displayed on CFP Board’s website, www.CFP.net;
Include the individual’s name in a news release identifying CFP® professionals who have filed bankruptcy within the previous five years; and share with consumers and other stakeholders who contact CFP Board regarding a CFP® professional’s certification status the information in the CFP® professional’s public profile, including whether the CFP® professional has filed bankruptcy.

The disclosure of the bankruptcy in a CFP® professional’s public profile will continue for 10 years from the date CFP Board is notified of the bankruptcy, whether resulting from disclosure by the CFP® professional or discovery by CFP Board. A retroactivity provision addresses situations pre-dating this new procedure when individuals received public discipline for bankruptcy-only cases.

These changes are effective July 1, 2012.  

Continue reading about Amendments to Disciplinary Rules and Procedures; Amendments to Experience Requirement; California State Senate - a Bill Introduced to create a State Run Defined Benefit System with Employer Mandate; SEC to Take Next Step Toward Fiduciary Rules for Retail Investment Advice; FINRA Requests Comment on Ways to Facilitate and Increase Investor Use of BrokerCheck Information 

 

Board Members Attend CSUS Career Night 

Heather Matthews, Chase Armer, and Jim Johnson, along with Principal Funds, recently visited CSUS where they spoke to students about financial services.  The students in attendance were very excited about the opportunity to speak to individuals in the industry and they look forward to attending a chapter meeting in the near future.

 
 


Chapter Marketing Intern Needed 

Do you enjoy marketing?  Have you ever done graphic design?  Do you like to work with websites?  The chapter is looking for help to improve our web presence and physical presence at our meetings.  We would love to have a volunteer from the chapter, but are also open to outside help.  Modest compensation is available for an intern.  Please contact Holly at holly@fpanc.org if you or someone you know could help us here.  Thank you.

23rd Annual Far West Roundup

 

Join us for the 23rd Annual Far West Roundup!   
8/9/12 – 8/12/12 at the UC Santa Cruz Campus 

Attending are some of the top advisors from Silicon Valley, SF, East Bay, Sacramento, Fresno, San Luis Obispo and Hawaii.  It is a relatively small group, 60-75, but highly interactive and engaging.  Even better, everyone wears VERY casual clothes, flip flops and stays in the dorms. 

We schedule 4 speakers on Friday and Saturday, and 1 on Sunday and all the sessions have 2 CE’s except for the Practice Management session.  Dave Yeske is our “Sherriff” and the speakers are top notch.  Marty Kurtz, FPA President, attended last year and was so impressed it is rumored he will be back this summer.  There are great discussions, dinners and events throughout the weekend.  We will be finalizing the speakers (which will include Carol Anderson and Ben Coombs just to name a few) and CE’s over the next month and we will pass that information to you.  Sign up early, there are limited slots.


Visit
http://www.facebook.com/pages/Far-West-Roundup/134575334355 to sign up or contact William Donovan at Wdonovan@foothillsecurities.net if you have any questions.

Calendar of Events
 

June 8, 2012
TOPIC: Six Red Flags to Spot in Order to Prevent Your Client's Estate Plan from Failing
SPEAKER: Bryan Phipps, Attorney at Law, Law Offices of Guthrie and Ellerman

July 13, 2012
TOPIC:  TBA
SPEAKER: TBA

July 18, 2012
TOPIC: Social Security
SPEAKER: Joe Muklebust, CRPC®, Principal Financial Group

August
SUMMER BREAK -- NO CHAPTER MEETING 


September 14, 2012
TOPIC: Retiree Distributions Based on Longevity, Failure Rates, and Sequence Risk
SPEAKER: Larry Frank, Sr., MBA, CFP®


October 12, 2012
TOPIC: Asset Dedication
SPEAKER: Steve Huxley

October 13, 2012
Financial Planning Day
West Sacramento City Hall


November 9, 2012

Details TBA
CSUS Alumni Center


December 14, 2012
TOPIC: CRM Discussion
SPEAKER: IAS, Redtail, & Junxure



Thank you to our Chapter Sponsors!
Russell Investments

Contact Information


Financial Planning Association of Northern California
Holly Wilkerson, Executive Director
P.O. Box 188293
Sacramento, CA 95818
Phone / Fax: (916) 443-4237
Email: holly@fpanc.org
Website: www.fpanc.org