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                      March 2011 Newsletter



This month brings more exciting news about our Chapter, upcoming events, and benefits for our members. We encourage you to read on and take advantage of the great opportunities available to you. 



You are invited to our Estate Planning Conference

on Thursday, March 24th!


Click here to register! Don't forget that FPA members are permitted to bring an unlimited number of non-member guests for FREE to this event! 

Also In This Issue
President's Message
"In the News" - Fiduciary Rule Impact on IRA Business
Membership Milestones
ESOP Breakfast Recap
Junior Achievement Volunteer Opportunities
Quantum Theatre Invitation
Media Training
President's Message


The attendees at the breakfast meeting on February 24th had nothing but raving reviews about the topic and the speaker. This was a terrific way to start the year off with a bang, not to mention a great way to begin accumulating those continuing education credits. The Estate Planning Conference on March 24th at the Four Points Sheraton in Cranberry will be just as meaningful to your business. We are especially eager to get everyone's participation (with a glass of wine in hand) for our case study. These events present an incredible way to make new friendships and connect with old ones as well.


I pulled my dusty golf clubs out of the garage and drove to the Robert Morris Recreation Center on Neville Island to hit a few balls recently. Not only were my clubs dusty, but my swing was as well. However, I'm not going to let that intimidate me into sitting out the golf outing on April 29, 2011 at Old Stonewall. Our golf outing is the best around, hands down!!! This is a great day to entertain clients and visit with colleagues. We promise to have lots of great prizes and food too. An invitation will be arriving shortly in your mailbox, so sign up early as space is limited.


Oftentimes, we feel insulated and comfortable in our local chapter. It is not uncommon for me to hear from our members statements to the effect, "I don't know what National FPA actually does or means for me." After attending the National Leadership Conference for two years running, I can attest there is a lot that goes on behind the scenes at headquarters on your behalf. But, telling you and experiencing it firsthand are two different things. The good news is we will be bringing "National" to Pittsburgh. The details are not finalized, but plans are underway to create an exclusive opportunity for you to share your thoughts, suggestions, and complaints with the "top brass" in the national leadership. Additionally, they will share what they are seeing from a "big picture" for our industry and the Financial Planning Association for the future. There will be several communications disseminated about this event in coming weeks.


I will be "beating my drum" regarding the Four'Um on October 20, 2011 all year long. This is going to be another knockout event you will not want to miss. Keynote speakers are already being engaged and sponsors are contacting us to get on the roster for this year. If you have a topic of interest, please submit it to me, or any board member, and we'll surely do our best to find a speaker to fill your request. Mark your calendars today to attend the Four'Um on October 20, 2011 at the Southpointe Hilton Garden Inn.





Chapter Events
Guests Invited!

In an effort to spread the word about the FPA and promote our educational events, FPA of Pittsburgh members may bring an unlimited number of non-member guests to any event free of charge in 2011 (excludes the 2011 Financial Four'um and Golf Outing). Each non-member may attend a maximum of two events free of charge in 2011.  We encourage you to mark your calendars now for the following 2011 chapter events and invite your colleagues and friends to attend as well.  
2011 Chapter Events:

 - March 24


When: Thursday, March 24th 12:30 - 4:25 p.m.
Where: Four Points by Sheraton Pittsburgh North
Cost: $65.00 for Members, $90.00 for Non Members
 - April 29 Golf Outing, Olde Stonewall
When: Friday, April 29th
Where: Olde Stonewall, Ellwood City
Cost: $150.00 per golfer, $500.00 per foursome


Olde Stonewall



- September 8 Investment Planning Conference


- October 20 Financial Four'um


- November 9 Breakfast Meeting: Topic to be Announced.


For more information on events in 2011, 

see the Chapter Meetings calendar on our website. 

"IN THE NEWS" - Fiduciary Rule Impact on IRA Business


Fiduciary rule change could mean compliance crush for B-Ds...

If the Labor Department applies its proposed fiduciary rule to individual retirement accounts, training and compliance costs could surge for broker-dealers of all sizes - and become especially burdensome to smaller firms.

Under the proposed rule, broker-dealer firms and their representatives wouldn't be allowed to receive commissions on IRAs. This rule change could force dually registered firms to shift their IRA business from the brokerage side of the business to the registered investment advisory side in order to allow firms to charge an asset-based fee on accounts.

This higher-cost model would likely impact the sustainability of companies who service the small investor by squeezing profit margins and straining compliance budgets. It could also impact the small investor by making the process of opening an IRA cost prohibitive.


Membership Milestones

Congratulations to the following FPA of Pittsburgh members who reached membership longevity milestones in February and March:


February:          Charles Schilleci - 5 years

                          Paul Rossi - 15 years


March:               Robert Chamberlain - 5 years

                          Karen Chikosky - 10 years

                          James Zalenka - 15 years

We look forward to seeing you at an upcoming event!  Need more information or have a question?  Visit the chapter website at www.fpapittsburgh.org or contact us at fpa.pittsburgh@verizon.net.
Quick Links
Planners under the age of 36 are encouraged to contact Michael McGrath or Lauren Peck to find out about the great opportunities available through NexGen. 
**Please keep an eye out for an invitation to our upcoming BREAKFAST MEETING in April**
ESOP Breakfast
ESOP Breakfast
We'd like to offer a big Thank You to Dan Zuggell for his informative presentation on ESOPs on February 24th!
"I believe the Four Um is the BEST event. However, this was an excellent event. Very timely topic and knowledgeable presenter. I always appreciate the time to meet and network with other advisors. I appreciate the CEs. I will continue to encourage others to attend in the future."
-Feedback from an
anonymous attendee-  

Attention FPA Sponsors!!!

Are you interested in sponsoring the Pittsburgh Financial Planning Association or one of our events?


If so, please click on our  FPA Pittsburgh Sponsorship Brochure for more information.


Interested parties may also contact John J. Harm III or Robert Ruby with questions.


Junior Achievement Volunteer Opps

Opportunities are available to get involved in the financial education of local children by volunteering with Junior Achievement.  Contact Mark Ambrose for more information.

Please see the following JA Flyer for more details!

"I had a fabulous experience volunteering with JA in an elementary school interacting with forth grade students last year for JA Day.  JA trained us on how to run the program and provided all of the materials and props that we needed.  For most of the afternoon, we played a game with the students that involved them running their own car eraser manufacturing plant.  We learned how to make rubber erasers and they learned how to best allocate their resources to try and earn a profit. 


The kids really liked the interactive nature of the "game" and learned something about business and responsibility in the process.  The teachers stay in the classroom to watch over the group and really help to facilitate.  I think the program is well structured and JA has a program developed to match the grade level you teach.  I would highly recommend that all of our members consider volunteering their time to bring some outside perspectives into our schools. I know that the children really enjoy it."


-Kathleen Stewart-

Invite to Quantum Theatre

Please join your fellow FPA members for an evening of wine, food, dance, music, and Argentinean culture on April 7th!


RSVP to Jeanine Hall at 412-697-2929 or jeaninehall@quantumtheatre.com.


 Quantum Theatre


Click here for to see the invitation and for more details.

Media Training

If you would like to qualify to respond to requests for media interviews, click here to access the mandatory training, and then contact Ruth Forsyth to be added to our Chapter's media response list.  To qualify to speak to the media, you also must be a CFP in good standing, a member of FPA, and have a minimum of 3 years experience as a financial planner.