Creating a Foundation for Financial Security

The Foundation for Financial Service Professionals is guided by its mission to foster research, education and ethical practices among financial service professionals in order to benefit the public.  In brief, the Foundation is committed to helping the American public create personal financial security.

In fullfillment of this mission, the Foundation has created the following educational and community outreach projects: 

Financial Education Partners™
Financial Education Partners™ (FEP) provides pro bono financial guidance to individuals in need. Under FEP and through a formal agreement with the National Multiple Sclerosis Society (NMSS), members of the Society of FSP volunteer to provide both one-on-one counseling sessions and educational seminars to individuals referred by local NMSS chapters.  These are individuals whose lives have been touched in some way by MS.  Typical services provided include basic budgeting, health insurance guidance, credit awareness and management, as well as other fundamental financial issues.

Through the FEP program, members of the Society of FSP are also working with other charitable organizations, such as the American Cancer Society and Habitat for Humanity.

FEP touches lives, one at a time. FEP brings hope to people facing financial crisis as a result of job loss, disabil­ity, or lack of education and experience in financial matters. FEP helps restore dignity and provides the tools to help individuals and families achieve financial independence and security.

Click here for recent examples of FEP success stories.

Retirement Planning for Baby Boomers Webinar Series
The Foundation is funding a series of on-demand webinars which offer guidance and information to address baby boomers' concerns about financial security as they move toward retirement and beyond. Each webinar focuses on different issues that baby boomers should become familiar with during the retirement planning process, including:

  • Social Security
  • Qualified retirement plans
  • Health and life insurance
  • Lifestyle issues

The baby boomer programs were authored by Richard M. Weber, CLU, and are available to interested parties at no cost.

Paul S. Mills Scholarship Fund
Beginning in 2013, the Paul Mills Scholarship program is expanding its criteria to provide needs-based scholarships to students pursuing undergraduate degrees in financial service-related fields.  Specific scholarship amounts will vary depending on available funds, but the Foundation’s objective is to award three to five scholarships of $1,000 each on annual basis to help make a difference in someone’s ability to pursue higher education.

Survivor's Guide (pdf)
The Foundation provided financial support to the Society of FSP in the creation of a free booklet, "Financial Planning Issues: A Survivor's Guide" to help victims of the September 11, 2001, terrorist attacks. The booklet was then updated to offer information and resources to the victims of the 2005 hurricanes – Katrina, Rita, and Wilma.

Kenneth Black, Jr., Journal Author Award Program
The Kenneth Black, Jr., Journal Author Award Program, named for the long-time editor of the Journal of Financial Service Professionals, recognizes the top three articles published each year in the Journal. Established in 1988 to reward high quality scholarly research and writing on insurance and financial services topics, this award program serves to enhance the value of the Journal as the premier publication in its field.

Here’s How You Can Help
We need your financial commitment to the Foundation for Financial Service Professionals so that together we can create a the foundation for financial security. Contributions to the Foundation are tax deductible under Section 170 of the Internal Revenue Code. Click here to make a contribution today