Sponsored Education Online: Helping Your Clients Create Their Charitable Legacy
CPE CE Credit Approvals
The recommended number of CPE credit hours is: 1
The Society of Financial Service Professionals is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
The Society offers programs at intermediate to advanced levels of continuing professional education. Although no pre-requisite course or advanced preparation is needed to participate in any program, knowledge of, or experience in, the program topic is required.
The Society's Refund Policy states that a refund may be given in most circumstances, less a $50 service fee. For more information regarding administrative policies on complaints and refunds, please contact our office at (800) 392-6900.
The following State Boards of Accountancy will accept CPE credit from National Registry Sponsors:
There are no formal registration requirements for course providers in the balance of the states.
* You must participate in the live event to get the PACE, CPE and CFP credit.
Preserving and passing on wealth is vitally important, but most families are equally concerned with philanthropy and the readiness of the next generation to be good stewards of their inheritance. Highly successful families pursue family charitable giving as a means to express or teach the values they believe to be important. The inclusion of children in family giving, at any dollar amount, can also teach financial concepts, problem solving, collaboration and confidence.
USA estimates that of $290 billion was given to charity last year 73% came from individuals in the form of direct "giving while living" instead of bequests. Today's family dynamics, complexity of asset types, investment sophistication, and giving goals may often require a combination of family philanthropy solutions. A Bank of America/Merrill Lynch report found that 17.5% of surveyed high-net worth households had at least one donor-advised fund and 12% had a private foundation. In most cases, these types of families tend to rely primarily CPA's, financial/wealth advisors, and attorneys for guidance on charitable giving.
Advisors who help their clients fulfill their philanthropic goals actually create new opportunities to grow their own businesses through the client's life cycle and to the next generation.
Furthermore, they can stem the loss that might otherwise occur due to annual tax and long-term estate planning decisions or convert highly appreciated illiquid assets (closely held stock, real estate, life insurance) to managed assets.
Laura Malone, Director of Gift Planning, at American Endowment Foundation (AEF) shares real-life examples of how you can help your clients create more charitable leverage and use these best practices to enhance your value as the trusted advisor.
On completion of the program you will be able to:
Laura J. Malone is Director of Gift Planning for American Endowment Foundation (AEF). Founded in 1993, AEF is an IRS-recognized public charity that administers a national, independent donor advised fund program. AEF serves as a strategic partner helping families create a more simplistic alternative (or complement) to a private family foundation, providing greater tax benefits and privacy when creating a legacy of family philanthropy. This allows families to focus solely on the joy of growing their charitable investments and giving the money to worthwhile organizations. Laura is a member of Advisors in Philanthropy, Partnership for Philanthropic Planning, Northern Ohio Planned Giving Council, Financial Planners Association as well as The Estate Planning Council of Cleveland.