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Another First for UMD Financial Planning Program

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Another First for UMD Financial Planning Program

UMD’s Labovitz School of Business and Economics (LSBE), will soon become the first in the state of Minnesota to have a Student Chapter of the Financial Planning Association (FPA). “FPA is a well-respected organization. They work to broaden the education of their financial advisor members. Through FPA, students will have opportunities to attend the same workshops as advisor members, improve their interview skills, and learn about internships. Being associated with FPA will set our students apart from others looking to get into the industry,” said Richard S. Brown, CEO of JNBA Financial Advisors and LSBE Senior Fellow.

Brown, recently ranked number three among Minnesota’s financial advisors on Barron’s list of 1,000 top advisors in the country, has considerable praise for LSBE’s financial planning program. “It is highly respected within the industry for the students coming out of the program,” he said. “The FPA Student Chapter at LSBE will be a phenomenal addition.” Brown believes the affiliation with FPA, which is the largest membership organization for personal financial planning experts in the U.S., will greatly benefit LSBE financial planning students.

Marv Tuttle, CEO of FPA, joined LSBE dean Kjell R. Knudsen, Brown, and UMD faculty and student representatives at the official initiation ceremony of the the chapter on April 4 at the TD Ameritrade Learning Lab. Tuttle spoke with financial planning students and commented, “We’re looking forward to meeting the next generation of financial planning professionals and to begin the new FPA student chapter at UMD.”

One of the signature features of the the financial planning minor, which was first offered in 2010, is the TD Ameritrade Learning Lab. The Learning Lab was developed through a strategic relationship with JNBA Financial AdvisorsTD Ameritrade, and LSBE and is located in the Duluth Technology Village in downtown Duluth. This combination learning lab and professional office for JNBA’s Duluth office allows students to work alongside professionals in an actual advisory firm. “We’re excited to visit the university and witness cutting-edge innovation in action for the future of the financial planning profession. UMD’s unique Learning Lab is a sterling example of combining hands-on training and technology to prepare and train our next generation,” he said. 

“Our visit to Duluth will help FPA become better informed and to play a supporting communications role with other universities and colleges about the uniqueness of the Learning Lab approach,” Tuttle said. “FPA sees a special opportunity for the Learning Lab approach to spread to other registered programs that prepare individuals to become Certified Financial Planner (CFP) practitioners.” Students graduating from UMD with the financial planning minor are eligible for the CFP exam.

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    Congratulations. All the best!