Howard Pressman, CFP®
President’s Message
Did you know that trick-or-treating
has its origins in charity? During All-Souls Day parades in England, families
would give pastries called soul cakes and later other food and money to poor
people in exchange for their prayers for the family’s dead relatives. I never
knew this but am not at all surprised to find that money played an important
role in shaping this cultural tradition as it has in many others. To me, this
is further evidence of the importance of good financial advice and the roles we
play in the lives of our clients.
We had quite a few
events in September, including our luncheon on the 13th where we had
two great speakers. The day started with an ethics presentation from Dan
Candura. Dan talked in detail about the changes the CFP Board is making to our
Code of Ethics. Simplifying the code and broadening the application of a
fiduciary duty are at the heart of the changes. Afterwards, James Head, Esq. of
Williams Mullen gave an excellent presentation on Succession Planning and how
to assist owners of closely held businesses. What struck me about this
presentation was just how many options are available to transfer business
assets. Just knowing that some of these exist and who to reach out to will
enable us to help our clients realize their goals.
At the September
month’s luncheon, we successfully tested the broadcast of our meeting to a
secondary location. Two members of the Board viewed the entire meeting from
their office. The major accident on the Beltway the morning of our meeting,
served to highlight the value of this initiative. Our hope is to make the
meetings more accessible by cutting down on the time required to get to the
location. We hope to roll this out to our members very soon and host future
meetings in two locations.
Also in September we
had three Allied Professional events, two of which had CEs, the NexGen Day of
Service and a MoneyGuide Pro webinar. Wow!
This month’s events
include our member lunch on October 11th which features two
presentations. Al Chingren with American Century Investments will be talking
about Social Security and John Sheehan with Osterweis Capital will be
presenting on Managing
for Absolute Returns in a Tightening Monetary Environment. Metro Washington
Financial Planning Day will be held at UVA’s Falls Church campus on Saturday,
October 20th. This is a wonderful opportunity to help others and to
really appreciate the power of good financial planning. If you haven’t
volunteered for this event, please consider joining us, it’s a great and rewarding
day. Lastly, on the 23rd,
NexGen will hold a study group at the offices of SBSB in McLean. I hope to see
you at one of these events.
As always, thank you for all that you do for your
clients and our profession.
All the best,
Howard
Howard Pressman, CFP®
2018 FPA NCA President
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