OneFPA Network
Monthly Round-Up  

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January 3, 2019

Happy New Year, and welcome to the January 2019 OneFPA Network Monthly Round-Up! This monthly round-up is designed to update members and volunteer leaders about the OneFPA Network and recap our progress on the Listening Tour as we hear from stakeholders. The Listening Tour stops we are making are intended to spark open, thoughtful dialogue that will inform the ultimate OneFPA Network vision. The input we are gathering will be instrumental in shaping the OneFPA Network so we can shape the future of FPA while we drive a better member experience for all.

 
  Where We Have Been—And Where We Are Going 

As part of the Listening Tour, FPA leaders and staff are meeting with chapter boards to discuss the draft plan and solicit input and questions that will inform the plan development. Since the announcement of the OneFPA Network vision at the 2018 Chapter Leaders Conference, we have met with the following chapters:
 

  • FPA of Silicon Valley (November 9, 2018)

  • FPA of New Jersey (November 12, 2018)

  • FPA of Metro New York (November 13, 2018)

  • FPA of Southwestern Ohio (November 16, 2018)

  • FPA of Minnesota (November 30, 2018)

  • FPA NorCal Chapters (December 3, 2018)

  • FPA of Florida Chapters (December 3, 2018)

  • FPA of Nebraska (December 10, 2018)

  • FPA of Central Virginia (December 12, 2018)

  • FPA of Northeastern New York (December 12, 2018)

  • FPA of Greater Rochester New York (December 12, 2018)

  • FPA of Greater Kansas City (December 14, 2018)

  • FPA of Wisconsin (December 14, 2018)

  • FPA of Central New York (December 19, 2018)

  • FPA of the Southern Tier of New York (December 19, 2018)

  • FPA of Houston (December 19, 2018)

Here’s a look at where we’re headed next:

 

  • FPA of the Triangle (January 8, 2019)

  • FPA of Hampton Roads (January 9, 2019)

  • FPA of Michigan (January 11, 2019)

  • FPA of Iowa (January 15, 2019)

  • FPA of Middle Tennessee (January 16, 2019)

  • FPA of Dallas/Fort Worth (January 16, 2019)

  • FPA of Colorado (January 17, 2019)

  • FPA of Northeast Ohio (January 17, 2019)

  • FPA of Greater Phoenix (January 22, 2019)

  • FPA of the National Capital Area (January 22, 2019)

  • FPA of the Philadelphia Tri-State Area (January 23, 2019)

  • FPA of Puget Sound (January 23, 2019)

  • FPA of Georgia (January 25, 2019)

  • FPA of Greater Memphis (January 30, 2019)

  • FPA of Austin (January 31, 2019)

  • FPA of the East Bay (February 6, 2019)

  • ​FPA of Connecticut - Fairfield County (February 7, 2019)

  • FPA of Connecticut - Greater New Haven (February 7, 2019)

  • FPA of Greater Hudson Valley (February 7, 2019)

  • FPA of Massachusetts (February 8, 2019)

  • FPA of South Carolina (February 12, 2019)

  • ​FPA of Charlotte (February 12, 2019)

  • FPA of Orange County (February 27, 2019)

 

We look forward to visiting with other chapters in the coming months. If your chapter has not yet scheduled a virtual or in-person Listening Tour meeting, please do so by clicking here or contact Kristine Mazzullo at KMazzullo@OneFPA.org

 
  What We Are Hearing 

While receiving supportive feedback is as valuable as receiving criticism about the draft plan, for the sake of this monthly report, we want to focus on the more critical comments that may eventually shape the next iteration of the OneFPA Network plan, including finances, dissolution of legal status, and control. These three core areas are the focus of many of the comments we are receiving during the listening tour and on forums like the All-Member Open Forum on FPA Connect, which we encourage you to check out and participate in.

 

Here we provide background on the intent of the provisions in the draft plan related to these items, simply to provide clarification of the plan’s intent.  

 

Finances. We’ve heard from some chapter leaders that ‘pooling’ of monies into a single integrated accounting system will impact a chapter’s ability to control their budgets and reserves. It’s a concern FPA appreciates. The intent under the new model is for chapters to continue to control their budgets and current/future reserves, just as they do now. The integrated accounting system and the installation of a OneFPA Resource Coordination Committee, 50% of which is going to be populated by chapter leaders, would help support chapters in making the best decisions possible regarding their monetary resources through peer guidance, benchmarking, and sharing best practices. This committee and FPA will not approve chapter budgets or tell chapters what they can or cannot do with their resources.      

 

Dissolution of legal status. Some chapter leaders have expressed a concern that the proposal to eliminate the legal status of chapters will strip the chapters of their autonomy or even be a move by FPA to eliminate chapters altogether. Under the new model, what’s being suggested is for chapters to still exist as they do now, but without the added requirements that come from having a legal status.  While there may be some operational burdens lifted from chapters, as well as the need to deal with the varying laws in 50 states by removing that legal status, the primary intent is to support the cultural advantage of every community in FPA, while being a part of one organization.  Every community can be vested in, and a part of, each other’s success by removing the separation that occurs from having 89 separately incorporated legal entities, while delivering an enhanced member experience through better alignment and integration.

 

Control. We have heard concerns that the OneFPA Network is actually a way for FPA to control every aspect of what chapters do now. Currently, under the affiliation agreement with chapters, FPA has the right to control all operational aspects of chapters, but FPA hasn’t opted to exercise that control. FPA recognized that chapters need a certain level of autonomy to serve members locally and FPA has no desire to dictate what chapters can or cannot do programmatically. Doing so would destroy the passion and engagement of our chapter leaders, which would devastate FPA. Under the OneFPA Network, chapters will still select their boards and volunteer leaders, and control their activities and programming―purely at their discretion. The intent of the OneFPA Network vision in the areas of governance and control is to increase the influence chapter leaders will have on the future direction of FPA. Chapter leaders will populate a OneFPA Council where they will have direct input into the strategy-setting and decision-making of the association. Further, chapter leaders who are part of the OneFPA Council will also comprise the OneFPA Nominating Committee and will have a direct impact on the slate of candidates seeking positions on the FPA Board of Directors. Through this new model, chapter leaders will have more control about what happens to the association nationally. Click here to learn how you can get involved by volunteering for a OneFPA committee or task force.  

 

Set in Stone. One additional concern that we are hearing is that this plan is a ‘done deal’ and that the listening tour is just lip service. The three-month listening tour was initiated, and the OneFPA Transition Task Force was created to solicit feedback from FPA stakeholders with the purpose of potentially modifying the plan and its timing. The plan is a draft and subject to change based on the feedback collected during the listening tour. Everything is ‘on the table’ in terms of discussion and potential changes, including the various components of the plan, and implementation and phasing issues. This draft plan is not set in stone, so it’s important to keep the feedback coming.

 

Member Feedback Wanted. Finally, we want to encourage you to participate in the All-Member Virtual Listening Tour events on February 5 and February 7. These will be an opportunity for you to hear directly from FPA leadership on the plan and provide your feedback directly. If you can’t make one of these events, you can also speak with your chapter leadership about when they have a listening tour meeting planned and your interest in attending. You can also share feedback in other ways, including:

 

The listening tour concludes February 22. At that time, the OneFPA Transition Task Force will review all feedback shared through the various channels and will share their recommendations with the FPA Board of Directors, The Board is expected to distribute the next iteration of the OneFPA Network plan to all FPA stakeholders by April 2019.

 

Also, we have heard from chapter leaders and other stakeholders that they needed a more concise explanation of the proposed changes. We are pleased to share with all of you a new summary document that clearly outlines how the current system differs from the OneFPA Network plan, a brief explanation for the reasons for the proposed changes, and further clarification on issues that are arising through the listening tour.

 
  OneFPA Network in the News 

  • FPA of Greater Kansas City President George Fernandez, CFP®, recently penned an op-ed in InvestmentNews sharing his views about how the OneFPA Network frees up the chapters to deliver an exceptional member experience. Click here to read it. 
     

  • 2019 FPA President Evelyn Zohlen contributed an article to ThinkAdvisor detailing what the OneFPA Network is – and what it isn’t. Click here to read it.
     

  • Former FPA President and Chairman Dan Moisand outlines four pivotal changes to watch in financial planning – including the OneFPA Network – in 2019. Click here to read the article in Financial Advisor magazine.

 
  Meet the OneFPA Committees and Task Forces 

Are you curious about the volunteers who are already working on the OneFPA Network plan details? The following committees and task forces are already up and running. Keep reading to learn more about the volunteer groups and the individuals who are responsible for making it a reality.   ​

The OneFPA Transition Task Force

 

The OneFPA Transition Task Force oversees all aspects of the development and implementation of the OneFPA Network. Currently, the focus of the Task Force is to monitor and assess the feedback we are receiving from FPA stakeholders with the goal of reporting potential modifications to the Board of Directors. The following volunteer leaders comprise the Task Force for 2019:

 

Mike Shockley, CFP® - FPA of Dallas/Fort Worth (Chair)*

Juan Munoz, CFP® - FPA of Houston

Howard Pressman, CFP® - FPA of the National Capital Area

Alexandria Cole - FPA of Northern California and NexGen Representative

George Fernandez, CFP® - FPA of Greater Kansas City

Nathan Greene, CFP® - FPA of Middle Tennessee

Kian Nobari – FPA of San Francisco

John Crosby, CFP® - FPA of New Jersey

Kimberly Bridges, Ph.D., CFP® - FPA Greater Kansas City*

Todd Stanard, CFP® - FPA of New Jersey*

Martin Seay, CFP – FPA of Greater Kansas City*

Dennis Moore, CFP® - FPA of Dallas/Fort Worth*

Karen McDade, CFP® - FPA of Greater Phoenix*

Dick Power, CFP® - FPA of Massachusetts*

*FPA Board Designee

 

The OneFPA Technology Task Force

 

The OneFPA Technology Task Force oversees the development and ongoing supervision of the OneFPA Technology Solution and other integrative OneFPA Network technology solutions. The OneFPA Technology Solution is the integrated technology and content platform designed to provide a one-stop location for information, content and all things FPA, which is intended to create a simpler and elevated member experience, brand consistency and message clarity. The following volunteer leaders comprise the Task Force for 2019:

 

Chris Draughon, CFP® - FPA of Northeast Florida (Chair)*

Kate Dore - FPA of Middle Tennessee

Karl Frank, CFP® - FPA of Colorado

Carole Bobke - FPA of Orange County

Jessica Hawthorne - FPA of Minnesota

Molly Balunek, CFP® - FPA of Northeast Ohio*

Kimberly Bridges, Ph.D., CFP® - FPA of Greater Kansas City*

Dan Skiles - FPA of San Diego*

 

*FPA Board Designee

 
 
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