FFP Partners with Investment News
FOUNDATION NEWS | JUNE 2017
The Foundation for Financial Planning is proud to announce a new strategic partnership with InvestmentNews, which will help bring attention to the impact of pro bono financial planning, including through donated ads in upcoming print editions of the publication.
Subscribers to this email can also receive a special discount for InvestmentNews‘ events with discount code “FFP”. Register now for the Women Advisor Summit in San Francisco on November 9 by clicking here.
Proceeds from New e-Book to Benefit FFP
The Art of Practicing and the Art of Communication in Financial Planning is a rare collection of 80 thoughtful essays on optimal approaches for practicing financial planning. The contributors represent some of the best brains and leaders in the financial planning profession, including some close friends and trustees of the Foundation for Financial Planning. FFP is grateful to editors Harold Evensky, Alexandra Armstrong, and Sid Mittra for donating proceeds of the book to support pro bono financial planning. Please click here for more information and to purchase the e-book!
Spotlight on FFP Grantee Helping
Domestic Violence Survivors
“We’ve found that the best work happens when it’s in a one-on-one setting. If you want to see behavioral change, one-on-one planning is the way to go. The relationship drives the change.”
-Andrea Miller, Kentucky Coalition Against Domestic Violence
With help from an advocate from a local program of the Kentucky Coalition Against Domestic Violence (KCADV), Nicole Mann escaped her abusive husband in 2015. But she needed additional assistance to establish herself — and two teenage sons — safely in a new life.
Her abuser had told her that leaving him would doom her to permanent poverty. “You’ll live in a cardboard box the rest of your life!” he yelled.
But through KCADV’s Economic Empowerment Program, Nicole worked on improving her finances, began saving money and took homebuying classes. Less than a year after gaining the courage to walk out, she‘d saved enough for a down payment on a home in a quiet neighborhood.
Across Kentucky, thousands of women have found themselves trapped in the situation Nicole faced. The violence isn’t only physical or emotional. “In 99 percent of the cases there is also economic violence,” says Andrea Miller, who directs the Economic Empowerment Program. “One person uses money to control the other. The number one reason why women stay in an abusive relationship is money – the fear they can’t make it independently.”
As its name promises, the Economic Empowerment Program, which now serves approximately 2,000 Kentuckians, helps victims of spousal violence rebuild their lives economically.
Now, with the grant from the Foundation for Financial Planning, KCADV is recruiting more volunteer financial planners to work with domestic violence survivors. Some sessions involve groups; in others planners intensively work one-on-one over time to help clients improve their credit, create budgets and build plans to solidify their future.
In one part of the state, Andrea says, there were just three planners. Now, with the grant, they’ve recruited 13.
“This grant allows us to engage volunteer planners who have third-party objectivity,” Andrea says. “We know that it helps survivors move forward.”
Thank you to
Accredited Investors Wealth Management®
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