November 2022: Diversity, Equity, and Inclusion
COVER STORY
Culture of Care
By Danielle Andrus
Building skills in empathy and emotional intelligence can help planners serve international clients and people from different backgrounds.
PRACTICE MANAGEMENT
Could Employee Resource Groups Be Right for Your Firm?
By Ana Trujillo Limón
ERGs can be a valuable tool in building psychological safety, developing talent, and gathering feedback about employee needs.
FPA NEXT GENERATION PLANNER
Featured Article
Testing Accommodations for the CFP® Exam
By Elisabeth Felten, CPA
My Career Path
Alexandria Dunn on Providing Lasting Plans for Those with Special Needs
YAFPNW
Show Up for Your Community, with Pam Capalad, CFP®, AFC
By Hannah Moore, CFP®
Tips for the NexGen Community
The FPA Community Weighs in on Developing Referral Networks
Planning a STUDY GROUP? Check out suggested questions and other resources to make your study group a success!
COLUMNS
Longevity
The Three Most Important Trends in Wealth Management
By Chris Heye, Ph.D.
Crypto and ESG get lots of headlines, but they might be distracting us from what’s really important, such as rising healthcare costs.
Insurance Planning
Cultural Diversity and Risk Management
By HanNa Lim, Ph.D., CFP®, and Blake Gray, Ph.D., CFP®
Understanding cultural and religious taboos helps planners overcome clients’ reluctance to make insurance decisions.
Investment Planning
Sustainable Investing for Financial Planners in Times of War
By Jennifer N. Coombs, CSRIC, CRPC
The industries that tend to outperform in conflicts are typically excluded from ESG portfolios. Is there a missed opportunity, or is this better in the long term?
SPECIAL REPORT
Four Ways to Avoid the Early Distribution Penalty After IRS Notice 2022-6
By Randy Gardner, J.D., L.L.M., CFP®, CPA, RLP, AEP, and Creyton Gardner
The IRS clarified options for substantially equal periodic payments from some retirement plans. Make sure you are guiding clients correctly to avoid unnecessary penalties.
RESEARCH
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.
Earn one CFP CE® credit by reading this month's Journal and access past exams for additional credits.
DEPARTMENTS
STARTING THOUGHTS
Building Empathy and Understanding
By Danielle Andrus
OBSERVER
Incremental Progress Toward Equity in the Industry
Stat Bank
JFP ACADEMICS
Upcoming Research
VOICES
Members Speak on Title Protection
Get Published: Submit your own research for peer review. Click HERE for more information.
IN CASE YOU MISSED IT
How Do Commodities Fit into Client Portfolios?
By Jason D. Fink, Ph.D., and Kristin E. Fink, Ph.D.
For a long time, investing in commodities has been a valuable hedge in a portfolio. Has the financialization of commodity markets negatively impacted that benefit?
