In this issue:

• Pro Bono Volunteer Opportunities
• Upcoming Chapter Events
• 2024 Annual Symposium
• Upcoming Partner Events
• Kitces IAR Ethics CE Day

Pro Bono Volunteer Opportunities Available

WSU SAFE Program for Seniors in Need

We are 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.**

Volunteers Needed to Help Military & Veterans!

Coordinated Assistance Network (CAN) and the Foundation for Financial Planning (FFP) have joined forces to provide free financial guidance and advice to low-to-moderate-income military personnel. 

CFP® volunteers will conduct no-cost virtual, one-on-one consultations with veterans, service members, and their families, with the goal of helping them navigate uncertain financial times. CAN is a cloud-based digital technology, specializing in matching veteran needs with the services (including pro bono financial guidance) of nonprofit providers nationwide. 

In partnership with CAN, FFP will support CFP® volunteers by conducting quarterly onboarding video calls to demo the platform as well as providing one-on-one training and tech support. Volunteers are offered tools to support the engagements, including a document hub, file management section, calendar/video chat feature, resource directory, financial calculators, and more.

For more details and to indicate your interest in volunteering, please sign up at ProBonoPlannerMatch.Org. 

FPA MI | June Webinar

Is Today's Older Homeowner Sitting on a Gold Mine?

Thursday, June 20th | 12:00 pm to 1:00 pm | Virtual through Zoom

Stay at your workstation and experience a virtual presentation with Jerry Auippa, CRMP of Longbridge Financial, LLC. Elderly homeowners own close to $13 Trillion in home equity, and many are struggling with a financial plan that fully funds their lifetime expenses, yet financial advisors often overlook this hidden wealth. Why? In this 1-hour presentation, we take a deep dive into the FHA Home Equity Conversion Mortgage (HECM) and new attractive and low-cost proprietary products to understand how it can improve the retirement plans of clients, protect against longevity risk, be optimized to fit with client goals, and to do so in an ethical and compliant manner. Home equity is one of the largest sources of assets for clients, and reverse mortgages can unlock this hidden wealth in a safe and standardized manner. With new, best interest and compliance standards for financial advisors, the value of considering home equity in the planning process is growing. This presentation is pending approval for 1 CFP CE.

Learn More

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FPA MI | July Happy Hour @ The Whiskey Factory

Wednesday, July 24th | 5:00 pm to 7:00 pm | Detroit

Join us for this FPA of Michigan members-only Happy Hour at The Whiskey Factory in downtown Detroit! Enjoy drinks, appetizers and a private, behind-the-scenes tour of the distillery. Learn about the art and science of the distilling process from grain to glass. Your guide will talk history while you sample a range of Detroit City Distillery's small batch spirits, including vodka, gin, and of course...whiskey.

This exclusive members-only event is limited to a maximum of 30 participants, so reserve your spot now! This event will not only be a great time but also an excellent opportunity to strengthen your professional network!!

Learn More

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FPA MI | 4th Annual Student Success Golf Outing

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

Forest Akers West Course in East Lansing

Bring your clients and co-workers and enjoy 18 holes of golf at Forest Akers West Golf Course at MSU in East Lansing. Carts, lunch, beer and soda will be available on the course. Afterwards, join us for dinner! All income from this event will be allocated to future financial planners through the FPA of Michigan scholarship program. Because we invite students to participate in the outing, this is also a great opportunity to meet and network with students entering the profession! 

Learn More

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Registration will open in early June!

Why Do I Keep Hearing About Private Markets?

Please join us for an educational lunch on Tuesday, June 11th featuring Carlin Calcaterra, Managing Director and Co-Head of Ares’ Financial Advisor Solutions Team. During lunch, Carlin will share a history and overview of private credit, private equity and private real assets, the new structures in which they are available for individual investors, and key considerations for the incorporation of these asset classes in portfolios.

This lunch & discussion offers 1 CFP CE credit.

DATE: Tuesday, June 11th 

TIME: 12:00 – 1:00 pm 

LOCATION: Cooper’s Hawk Winery | 151 Big Beaver Road Troy, MI 48083

To reserve your seat, contact Shara Wallace, Vice President, Regional Director - Great Lakes. Mobile: (312) 887-0776 | swallace@aresmgmt.com

About Financial Advisor Solutions Team

Our Financial Advisor Solutions Team (FAST) creates educational resources and investment tools - leveraging Ares' institutional-caliber content and analytics - to help financial advisors and their clients make knowledgeable investment decisions. To help deliver on that, FAST provides unique insights through asset class, asset allocation and objective-setting consultation, along with analytics to support optimal sizing and funding of private markets investments within total portfolios. Learn more here.

About AccessAres

AccessAres is your source for private markets information. Check out our comprehensive educational content and insights, backed by the extensive expertise of Ares, designed to help you master private markets investing. Visit accessares.com to learn more.

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Free Evidence-Based Investment Training for New Hires and Interns

Do you have an intern or new hire this summer? Or are you a financial planning student looking for industry investment education? FPA of Michigan Leading Partner, Dimensional, is providing a three-week evidence-based investment training for financial advisors’ summer interns and nextgen financial planners. The trainings will be one-hour virtual sessions on Mondays/Thursdays from July 8-July 25 at 3pm ET (no cost to attend).

• Week 1 will cover the fundamentals of evidence based investing.
• Week 2 will focus on communicating investment principles (e.g. frameworks for tackling the crisis du jour).
• Week 3 will highlight common tools/resources for evaluating investment allocations.

There will be a combination of lectures and interactive breakout sessions as well as an optional industry mentor session. For more information on DFA Investing Summer Series, click here. Register HERE to receive the zoom links.

SAVE-THE-DATE

Kitces IAR Ethics CE Day 2024 is Coming August 29th! 

Mark your calendars for August 29, 2024! If you're an Investment Adviser Representative (IAR) and want to stay ahead of the game, don't miss the second annual Kitces IAR Ethics CE Day. This event is specifically designed to satisfy the 6 hours of high-quality CE content to help you satisfy your IAR Ethics CE obligations (that have been introduced in 18 states) and CFP Ethics Continuing Education obligations. Registration will open on or before June 3rd. 

Journal of Financial Planning

The May 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