December 2022: Charitable Giving
COVER STORY
Are Donor-Advised Funds a Suitable Method for Donating to Just Causes?
By Bridger Cummings
Charitable giving can quickly become complicated, and DAFs offer a host of solutions to struggles that many would-be donors experience.
PRACTICE MANAGEMENT
Always Be Hiring: The Three Essential Skills for Building the Right Team
By Gerry Herbison, DBA, CFP®, ChFC, CASL, CLF
Creating your dream team requires constant vigilance for quality candidates and offering the right incentives.
FEATURE
Contingency Fund: Individual Retiree Risk Management
By Jason K. Branning, CFP®, RICP, and M. Ray Grubbs, Ph.D.
An emergency fund is only one part of a client’s contingency fund. Use an active risk selection matrix to aid in decision-making.
CONFERENCE GUIDE
In the Spotlight
Keith Ferrazzi on Understanding Co-creation and Collaborating with Clients
Accolades
FPA Members Lead by Example
FPA NEXT GENERATION PLANNER
Featured Article
Opening the Door: Welcoming Students and Career Changers to Financial Planning
By Daniel Yerger, CFP®, ChFC, AIF, CDFA
Tips for the NexGen Community
The FPA Community Weighs in on Future Trends
Planning a STUDY GROUP? Check out suggested questions and other resources to make your study group a success!
COLUMNS
Retirement
Women and Charitable Giving
By Alexandra Armstrong, CFP®, CRPC
Women generally donate more than men, and their donations are set to rise as they inherit more wealth
Your Practice
Why—And How—Planners Need to Audit Their Tech Stack
By Charesse Spiller
Practice leaders need a clear view of their firm’s tech capabilities and costs to streamline their operations and know what features are needed or can be removed.
Digital Assets
Is it Time to Add Bitcoin to Your Clients’ Portfolios?
By Ivory Johnson, CFP®, ChFC
The same process one would apply to the current menu of asset classes when building a portfolio should be applied to digital assets.
RESEARCH
The Science of Building Trust and Commitment in Financial Planning: Using Structural Equation Modeling to Examine Antecedents to Trust and Commitment
By Megan McCoy, Ph.D., LMFT, AFC, CFT-I; Ives Machiz, CFP®; Josh Harris, CFP®, AFC; Christina Lynn, CFP®, AFC, CDFA; Derek Lawson, Ph.D., CFP®; and Ashlyn Rollins-Koons
Technical skills aren’t enough to earn clients’ trust. New research identifies five antecedents to building trust and getting client buy-in.
Earn one CFP CE® credit by reading this month's Journal and access past exams for additional credits.
DEPARTMENTS
STARTING THOUGHTS
Serving a Greater Purpose
By Danielle Andrus
OBSERVER
Are Americans Donating Less?
Stat Bank
Q&A
Sallie Krawcheck on Empowering Women in Uncertain Times
JFP ACADEMICS
Upcoming Research
IN CASE YOU MISSED IT
The Role of Financial Planners on African American Business Owners’ Personal Credit and Access to Capital
By Leon Chen, Ph.D., FRM; Sophia Duffy, J.D., CPA; and Daniel Hiebert, Ph.D., CFP®
African American business owners face challenges that White entrepreneurs don’t. Learning how to address them as a planner will help close the wealth gap that currently exists.
