November 2014 | Read Online



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President's Message

The year-end message from an outgoing president is an opportunity to review accomplishments of the year and also to look forward.

Our main “product” is our educational effort. Our Quarterly Educational Meetings (QEM) provide 4-6 CE credits each meeting and networking opportunities for our membership. We go to great lengths to arrange high quality presentations from thought leaders in our industry who bring us economic updates, keep us up to date with topical financial planning trends, discuss interesting ways to serve our clients, and report on legislative and regulatory changes that affect what we do every day. Additionally, our QEMs are forums at which our sponsors (which we like to call, our partners) share with us the advantages of their programs to allow us to understand how they can be of benefit to our clients. Presenting these QEMs is the number one thing our chapter does. Any year will be successful if the QEMs continue to be a success. Also, our chapter has been awarded an Outstanding Achievement Award for our Speaker Dinners, held the evening before the QEM. This dinner brings together the speakers and chapter leadership for stimulating discussion. Many thanks to Julie Bray and her Programs Committee for organizing these meetings in 2014.

Membership growth is always a goal of the leadership. Growth occurs when the conditions are right and when we have a dynamic chapter that attracts serious practitioners. Chapter growth is a function of several things. It’s a function of our offerings and the usefulness of our offerings to the financial community. Right now, we’re in a good time for financial planning. There are more personal financial planning practitioners now than since pre-recession levels. When combined with a chapter that provides the networking and educational opportunities that we do in Orange County, it makes sense that we should have strong membership growth. As it turns out, we’ve had strong growth in 2014, going from 480 members to approximately 512. That’s about a 7% growth rate and we’re proud of this effort. Congratulations to Balaji Rao and his Membership Committee team for their strong efforts.

Publicizing chapter activities, communicating with the public how our financial planning profession can change lives, and emphasizing the special qualifications of Certified Financial Planner® certificants have been a challenge for us. This year, we’ve begun to take control of this process. There are two avenues to use, social media and traditional media. Both avenues need to be utilized. Traditional media continues to be important because many of our clients continue to read newspapers, magazines, and listen to the radio. Forming relationships with new staff in traditional media outlets is an ongoing process in which each President and Public Relations committee chair must engage. Our work in social media is new. This electronic outreach has become crucial to effective public relations, reaching both financial consumers and young professionals who have moved away from getting information from traditional media. Additionally, traditional media outlets increasingly depend on this social media structure to gather information that then makes it into traditional outlets. Thus, social media and traditional media work together. We’ve developed a new social media framework this year and have spent all year encouraging our committees to utilize this communications outlet to spread the word about their activities. We were quite active in this area to support the recent Financial Planning Day and our Allied Professionals Summit, as well as, using it regularly for our QEMs. Special thanks to Daniel Sands and his Public Relations committee for their pioneering (to us) work in moving our chapter into the modern age.

We’ve also resumed our community outreach effort by mounting Financial Planning Day (Pro Bono day) after a one year hiatus. The organization behind this effort was impressive, harnessing our contacts with local legislative officials and our community minded chapter professionals to deliver services to an underserved public - and changing lives in the process. Congratulations to Wil Smith and his dynamic Community Outreach committee for their success.

We’ve continued our Allied Professional Summit, an educational and networking event for the Orange County financial community. This year’s event had excellent content and was well received by all. Robert Antonio has served two years in the Allied Professional chair position and has presented two outstanding summits, for which we thank him and his committee.

Our advocacy (government relations) effort is in full flower. Mark Prendergast is our representative to FPA California, the statewide advocacy program representing all of the California FPA chapters. With Mark’s efforts, we are advancing the profession through this avenue.

None of what we do is possible without volunteers who are committed to the cause. Special thanks to Aileen Danley and her Volunteer Development committee who have been diligent in identifying both experienced and new members to serve the profession. Aileen has systematized the volunteer development function and made her committee a resource upon which we all depend for our chapter’s activities.

Our Partners committee, led by Scot Shier, has done an outstanding job in working with our sponsors to deliver value, both to them and to the members. An effective sponsor program isn’t just an administrative task; it’s also important to work on ways that sponsors feel valued and to help our members understand that our sponsors can assist us in advancing our business with their products and their wisdom.

I am proud of the year we’ve had in 2014 and these accomplishments. Let’s continue this progress in 2015.

Upcoming Events

New Member Breakfast

Date: Wednesday, November 12, 2014
Time: 7:30 am - 9:00 am
Location: Citrus Cafe
1481 Edinger Ave Tustin, California 92780

Get the most out of your FPA membership! Join us for a free breakfast, learn more about our busy chapter, and meet some of our great leaders. This event is for members only - but whether you have been a member for a while or just joined, we'd love to have you attend. Space is limited - RSVP today!


Quarterly Education Meeting

Date: Wednesday, November 19, 2014
Time: 8:30 am to 4:30 pm
Location: UCI Student Center

We expect this meeting will include 6 CE for CFP® Professionals and 6 CPA CPE.

Speakers include:

  • Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL
    Partner and Director of Research for Pinnacle Advisory Group
    Speaking twice! Should Equities Decline In Retirement, Or Is A Rising Equity Glidepath Actually Best? -and- Life and Death Tax Planning for Deferred Annuities
  • Brian Wesbury
    Chief Economist, First Trust Advisors L.P.,
    presenting via video presentation specifically for FPA of Orange County
    Investment Planning in a Plow Horse Economy
  • Michael J. Wittick
    Law Offices of Michael J. Wittick
    Issues and Advice in Planning the Small to Midsize Estate
  • Alternative Asset Panel Discussion:
    • Ryan Price, CFP®, ChFC, CLU (Moderator)
    • Andrew Scammon,
      Home Equity Retirement Officer, Reverse Mortgage Solutions, dba: Security 1 Lending
    • Lara Magnusen, CAIA
      Vice President, Director of Investment Products, Altegris Advisors
    • Andrew Winer,
      Chief Investment Officer, ARC Global
  • Josh Yafa,
    Client Portfolio Manager, Thornburg Investment Management
    Opportunities and Pitfalls: Investing for Income in an Uncertain World

Lunch is included, and parking is free in the lot across from the Student Center. We will be gathering new, unwrapped toys and gift card donations for the FPAOC and CHOC Holiday Toy Drive.


View More Events

Chapter News

Allied Professionals Summit

The 7th Annual Allied Professionals Summit was held at the Pacific Club on October 22nd. We had a full room of attendees from all areas within the world of financial planning, including Enrolled Agents, Professionals Fiduciaries, CFP® Professionals, CFA® charterholders, CPAs, attorneys, and real estate professionals. Attendees enjoyed a great variety of speakers and networking opportunities, highlighted by an engaging and information-packed economic update from Christopher Thornberg of Beacon Economics. Thank you to all who worked tirelessly to make this a wonderful event!


Volunteer of the Quarter

Congratulations to our Volunteer of the Quarter, Andrew Scammon! Andrew is currently on the Volunteer Development Committee. He served on the board of directors and was instrumental in establishing the Volunteer Development Committee. Andrew’s company, Security One Lending, is now a Silver Partner with the chapter. He is always there to make volunteers, members. and guests feel welcome at our events. Thank you, Andrew, for all you do for the FPAOC!




FPA Advocacy Days in Sacramento
by Mark L. Prendergast, CPA, CFP®

First, let me inform you of a name change: FPA’s Government Relations committees for all chapters have a name change: We are now Advocacy committees, and I am the Advocacy Director for FPA of Orange County. We now have a state chapter, FPA of California, which is comprised of the Advocacy Director from each of the 13 chapters in California. The purpose of FPA of California is state advocacy – building relationships in Sacramento and keeping an eye on state activities that may affect the financial planning profession and our clients.

One of our goals is to have an annual FPA of California Advocacy Day where we go to Sacramento and meet with state regulators, legislators and statewide officeholders. On August 26th, FPA of California had our first Advocacy Day at the capitol. All involved thought it was an unmitigated success.

By design we started small and targeted specific FPA members for this event. I was the representative for FPA of Orange County and Evelyn Zohlen attended as Chair of FPA of California. Andi Kang and Bill Cuthbertson also participated from the OC chapter, as well as, 6 FPA members from northern California. In all, we had 11 participants including Karen Nystrom from FPA (Denver) who is our national Advocacy Director. FPA members met with over 25 key people at the Capitol, including a private audience with the State Controller, John Chiang.

Next up! – March 3, 2015 will be the second FPA of California Advocacy Day. If you have a heart for making a difference in our profession and in your community, we welcome your participation. We provide training with agenda & format, as well as talking points so that you can educate your state legislator as to who FPA is, the kind of work we do in the state and in their community, and possibly current legislation that would be of concern to our profession.

Please get involved! Next March 3rd, I would like to bring a contingent of 20 or more FPA members from our seven (7) Southern California chapters. Airfare is reasonable to Sacramento and we will negotiate a group rate at a hotel. Yes, this will be on your nickel, but I guarantee that it will be rewarding to you personally and professionally to advocate for your profession. Please join me for this event!

Member Highlights

New Members

Name Joined City Company
Jasmina Theodore Boulanger, CFP® July San Clemente  
Mansur Saighani July Irvine  
Sean Murphy July New York MetLife
Janice Eckles August Irvine Eagle Home Mortgage
Scott Sandus September Irvine Accelerated Capital Group
Danielle LaBostrie September La Palma  
Renee Trommler September Tustin American Advisor Group
Lourdes Garcia September Corona L. Patricia Garcia
William Froelich, CFP® September Costa Mesa GenSpring Family Offices
Darren Daye, CFP® September Irvine .
Lukasz Dziubalski September Palm Desert  


Member Anniversaries

Name Company Years
Lawrence Rutherford Yosemite Capital Management LLC 35
Millie Rhodes 30
Ann Woodson   30
Bradley Stephenson Stephenson & Company 30
Laura Tarbox The Tarbox Group, Inc. 30
Nancy Howard Spectrum Asset Management 30
Donald Chou NPB Fin’l Group LLC 30
Leonard Demchak ProEquities, Inc. 25
G. Brad Fries Allied Financial Management LLC 20
Ted Gregory Gregory Advisor Incorporated 20
Heidi Haynes Towneley Capital Management, Inc. 20
Charles Vitello   15
William Cuthbertson Fiscalis Advisory, Inc. 15
Scott Anderson Scott Anderson Financial, Inc. 15
Richard Rang Financial Management Network 15
Greg Johnstone KS Financial Advisors 15
Mark Brousseau MJB Finance 10
Mark Arblaster 10
Scott Rojas Eclectic Associates 10
Charles Cencibaugh RS Crum, Inc. 10
Ann Poloko Financial Investors Group 10
Lucy Walther Edward Jones Investments 10
Gary Grinsell IFL Financial Advisors 5
Patrick Stark RS Crum, Inc. 5
Nella Webster Palo Capital 5

Pro Bono

Orange County Financial Planning Day took place October 18th at the Huntington Beach Library, and this was our best Financial Planning Day yet! Forty-five CFP® Professionals and 25 additional volunteers helped over 120 individuals get free private financial consultations. John Robinson, former USC football coach, and John Chiang, the California State Controller, were our special guests. The Mayor of Huntington Beach, Matthew Harper, kicked off the day’s events, and we welcomed Practical Plans and Heartland Payment Systems as our event partners. Workshops focused on estate planning, social security, smart money planning, and how the new health care can affect your small business. The Grilled Cheese Truck and Gourmet Burger Truck added to the festivities. Wil Smith and his Pro Bono/Community Outreach committee did a wonderful job! Thank you to all who participated.

Thank You To Our Partners

Our Platinum, Gold and Silver Partners will have representatives, our guests, at each quarterly meeting and other FPA of Orange County events. Please take a few minutes to introduce yourself and thank them for making possible the many services they are providing to our membership and the community in which we live and work. Always perform your own due diligence before engaging any professional.