Chris Rivers, CFP®
President’s Message
We
slide into November hot on the heels of a historic World Series title run by
the Washington Nationals. This was a long time coming as the last time
that Washington had a rooting interest in the World Series was 86 years ago, in
1933, when they lost to the Giants. To those of us with a Series 7 license,
1933 may call to mind the Securities Act of 1933 – don’t worry, there won’t be
a quiz at the end of this post on the ’33 Act vs. the ’34 Act.
1933
was a year of significant change in the U.S. Franklin D. Roosevelt was
inaugurated on March 4th, in the depths of the Great Depression, and
the next day he declared a bank holiday lasting through March 13th.
This had a clear short-term effect, as on March 15, the Dow Jones Industrial
Average gained a whopping 15.3%....to close at 62.10. Since that time,
the Dow has gained a whopping 43,585%, to reach the current level of roughly
27,000.
We’ve
come a long way since 1933, and there is much to be thankful for. Here
at home, we are thankful for your continued engagement with the chapter, which
makes the FPA NCA a vibrant community. The more of you we see at meetings,
happy hours, and symposium events, the stronger we become. Change is
constant in our industry, and we are grateful that you continue to help shape
the planning profession of the future.
Speaking
of the future, here in the national capital area we are blessed with one of the
strongest and most vibrant NexGen communities in the country. On November
7th, we have our NexGen Retreat from 10:30am to 4pm at the Lake
House in Reston, VA. We have three speakers lined up during the
day, and the event is followed by a happy hour open to ALL members at
4pm. And yes, that happy hour includes 1 hour of CE.
Please consider attending or sending a team member, as this is one of our
liveliest events of the year.
Then
on December 5th we have our annual membership meeting and luncheon.
We have two speakers lined up addressing timely topics. First, Harlan Accola
will be presenting advanced applications in reverse mortgages and retirement
planning. He’ll be followed by economist Terry Clower from George Mason
University, presenting a local and national economic review and outlook.
On
the horizon in early 2020, we have our premier event, the Winter Symposium, on
Friday, January 24th, at a new location, the Tysons Marriott. Speakers
and agenda will be announced in the coming weeks via email and social
media. Be sure to sign up early to take advantage of the early bird rate!
Lastly,
a few weeks ago the 2020 board met to begin planning for next year. We’ve got a
lot of exciting ideas for the future, but we need your help. We need
volunteers, especially on board committees. In many cases these are
commitments of not more than 1-2 hours per month. We need feedback and
suggestions as well, as the chapter and its activities should be driven by the
things that you, the members, value. In the meantime, as you ready
for the year-end flurry of activity in your practice, take a moment to consider
all that you have to be thankful for, at work and at home.
All the best,
Chris
Chris
Rivers, CFP®
2019
FPA NCA President
CRivers@AFMFA.com
