Sporting EventsMean Business

JULY 2012

From President Jason Christo, CFP®

Continued On Page 2

Our next FPA of Nebraska meeting in-cludes a wealth of timely information relatedto investing and today’s economic climate.The meeting is set for Friday, July 27 atQuarry Oaks Golf Club. Following is aquick overview of what’s in store:

10 a.m. – 11 a.m.Searching for Value in a WorldWhere They Ask for NothingPresented by Thomas D. Carney, CFA — Port-folio Manager, Weitz Funds

Sponsored By

Today’s bond environment is challenging,to say the least. Tom Carney of Weitz Funds,a longtime 5-Star Morningstar bond port-folio manager, will give his insights as towhere we’ve been and where we are withregard to yields, quality, duration and allthings bonds. He has titled his presentation“Searching for Value in a World Where TheyAsk for Nothing” as a way to express thatmany bond holders today are experiencing“negative real yields.” He will walk usthrough a case study or two to give his pre-sentation details some real-life applicationsand to provide a glimpse into how a bondmanager evaluates credit.

Carney is the portfolio manager of theWeitz Nebraska Tax-Free Income Fund,Short-Intermediate Income Fund and Gov-ernment Money Market Fund.

He began his investment career in 1982at Chiles, Heider & Co., Inc. In 1986, hebecame a municipal securities professionalwith Smith Barney. Four years later, he com-pleted his BS in finance at the University ofNebraska at Omaha. He joined Weitz Fundsin 1995. Tom has been a CFA charterholdersince 1999 and was the president of the CFASociety of Nebraska from 2005-2006.

Ernie Goss – Plus Weitz Funds andMorningstar Experts – on July 27

11 a.m. – NoonEconomic Forecast 2012Presented by Ernie Goss, PhD – EconomicsProfessor, Creighton University

Sponsored By

Learn how Ernie Goss thinks the nationaland state economy will be impacted in anelection year, and how Nebraskans will fareeconomically in the next two to three yearsin relation to the rest of the country.

Ernie Goss is the Jack MacAllister Chairin Regional Economics at Creighton Uni-versity. He received his Ph.D. in Economicsfrom The University of Tennessee in 1983and is a former faculty research fellow atNASA’s Marshall Space Flight Center. Hehas published over 80 research studies fo-cusing primarily on economic forecastingand on the statistical analysis of business andeconomic data. He is the past president ofthe Omaha Association of Business Eco-nomics, and President of the NebraskaPurchasing Management Association.

The morning session will provide twohours of CE for CFP® certification re-newal, pending approval by the CFP®Board of Standards. It also will providetwo hours of Nebraska & Iowa insurancecredit, CPE accounting credit and CLElegal credit, pending approvals.

Noon – 12:30 p.m.Luncheon and Membership Meeting

AFTERNOON SESSION12:30 p.m. – 2:30 p.m.Valuation Metrics and CompanyCharacteristics Used to RateMutual FundsPresented by Shannon Zimmerman – Assoc.Dir. of Mutual Fund Analysis for Morningstar

Last month, hundredsof thousands of peopleconverged in Omaha towatch two major sport-ing events – the CollegeWorld Series and the USOlympic Swim Trials. Infact, some 37,000 peopledescended upon downtown Omaha onMonday, June 25 as the two events beganjust 15 minutes apart.

Earlier this year, Omaha hosted first roundgames of the NCAA men’s college basket-ball tournament. That’s three major sportingevents for our community in one calendaryear! It got me thinking, “What is the eco-nomic impact of these three events onOmaha’s local economy?”

It just so happens that FPA of Nebraskamembers may find out at our next mem-bership meeting on July 27. Dr. Ernie Goss,professor of economics at Creighton Uni-versity, will be providing a program for ourmembership at that meeting.

Dr. Goss will be giving an economic up-date for us on a national level as well as alocal economic update. I’m not sure if Dr.Goss plans to address these three events inhis presentation, but I plan on asking himhis views on what impact they have on ourlocal economy.

Plus, we will have interesting and timelyprograms from representatives of WeitzFunds and Morningstar, Inc.

It certainly has been a good year forOmaha sports enthusiasts. How good of ayear has it been economically? Hopefullywe’ll learn more on that from Dr. Goss onJuly 27.

I hope you will join us for what is sure tobe one of our best meetings of the year!

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2012 FPA of NebraskaOfficers and Directors

CFP® and Certified Financial PlannerTM

are certification marks owned by the Certi-fied Financial Planner Board of Standards,Inc. These marks are awarded to individu-als who successfully complete the CFP®Board’s initial and ongoing certification re-quirements.

For change of address, please contact theFPA of Nebraska office, managed by Cre-ative Association Management, at (402)397-0280 or via e-mail at fpa@cam-omaha.com.

Note: The Financial Planning Associationis the owner of the trademark (and registra-tion), service mark and collectivemembership mark rights in, and variousU.S. registrations/applications for: FPA,FPA/Logo, and FINANCIAL PLANNINGASSOCIATION. These marks may not beused without written permission from theFinancial Planning Association.

PresidentJason Christo CFP®

Immediate Past PresidentLance Jones CFP®

President-ElectMaria E. Sinley CFP®

Secretary/TreasurerDan Kline, CFP®, MBA, ChSNC

DirectorsJeanne Boisen-Baum, CFP®

William Callahan, CFP®Scott Darrah, CFP®

Joe HearnEd Horowitz, CFP®, CLU,

MBA, CSADennis King, CFP®Nick Niemann, J.D.

Lori Lothringer Ph.D., AFCYana Morgan, CFP®Ross Polking, CFP®

Trevor SmithKevin Thompson

Executive DirectorJoe Pittman

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July 27 Meeting Info. and Agenda

Sponsored By

This session will give you an in-depth,behind-the-scenes view of whatMorningstar’s expert analysts are really look-ing for – both in the short-term and for thelonger-term — in rating mutual funds.

Our presenter, Shannon Zimmerman,manages a team of analysts, oversees the fundanalyst training program and serves as a li-aison between Morningstar’s U.S. andinternational analysts. Prior to rejoiningMorningstar in 2010, he initially joined thefirm in 2002 as a fund analyst. After twoyears as a fund analyst, he joined the Mot-

ley Fool, where he worked as a senior ana-lyst, advisor, portfolio manager and assetmanagement strategist until 2010. From1998 to 2002, he worked in web design andproject management for the Motley Fool.Shannon holds a bachelor’s degree fromRollins College and a doctorate degree fromthe University of Georgia.

The afternoon session will provide twohours of CE for CFP® certification re-newal, pending approval by the CFP®Board of Standards. It also will providetwo hours of Nebraska & Iowa insurancecredit, CPE accounting credit, and CLElegal credit, pending approvals.

To register, please see the RegistrationForm on page 3.

The FPA of Nebraska has a page on itswebsite (www.fpanebraska.com) to promoteinternships, mentoring and job shadowingopportunities for students and prospectiveparticipants in the financial planning indus-try in Nebraska. We are soliciting yourparticipation in this opportunity.

The webpage includes a listing of com-panies that are willing to provide and takeapplications for the above positions. In-cluded in the company information wouldbe the company’s name, address, and phonenumber, information about the type of ser-

FPA of Nebraska Internship Programvice the company provides to clients or theindustry, the contact person within the com-pany for the application, an outline of theduties and structure of the job, requirementsfor applying and whether the job is a paidor unpaid position.

If you would like to post informationabout your company’s opportunities in theseareas, please provide the information speci-fied above via e-mail to FPA of Nebraskaexecutive director Joe Pittman at fpa@cam-omaha.com.

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MEETING NOTICE AND REGISTRATION FORMFriday, July 27, 2012 • Quarry Oaks Golf Club • Near Ashland, Nebraska

Note: Online registration is available at www.fpanebraska.comDirections — http://www.quarryoaks.com/sites/courses/view.asp?id=706&page=39163

Quarry Oaks is located just two miles southeast of Interstate 80 and Mahoney State Park in Ashland, Nebraska. Situatedbetween Lincoln and Omaha, Quarry Oaks is easily accessible from anywhere in the Heartland.

AGENDA9:30 a.m. ..................................Sign-In (coffee and juice available)

MORNING SESSION10 a.m. to 11 a.m. .................... “Searching For Value in a World Where They Ask for Nothing”

Presented by Thomas D. Carney, CFA – Portfolio Manager, Weitz Funds

10 a.m. to Noon ....................... “Economic Forecast 2012”Presented by Ernie Goss, Ph.D. – Economics Professor, Creighton University

The morning session will provide two hours of CE for CFP® certification renewal, pending approval by the CFP® Board of Standards.It also will provide two hours of Nebraska & Iowa insurance credit, CPE accounting credit and CLE legal credit, pending approvals.

Noon to 12:30 p.m. .................FPA of Nebraska Luncheon

AFTERNOON SESSION:12:30 to 2:30 p.m. ...................“Valuation Metrics and Company Characteristics Used to Rate Mutual Funds”

Presented by Shannon Zimmerman – Associate Director of Mutual Fund Analysis for MorningstarThe afternoon session will provide two hours of CE for CFP® certification renewal, pending approval by the CFP® Board of Standards.It also will provide two hours of Nebraska & Iowa insurance credit, CPE accounting credit and CLE legal credit, pending approvals.

Send Registration Forms to: FPA of Nebraska • P.O. Box 24133 • Omaha, NE 68124 • FAX TO: (402) 397-0283

REGISTRATION FORM

Name (as it should appear on your nametag) _____________________________________________________________________Designation(s) ____________________________________________________________________________________________

Company ________________________________________________________________________________________________Address _________________________________________________________________________________________________City ____________________________________________ State __________________ Zip _________________________

Phone __________________________________________ Fax __________________________________________________E-mail __________________________________________Neb. Ins. License # or National Producer # (needed for Insurance CE Certificates): _______________________________________

CFP ID Number (needed for CFP credit): _______________________________________________________________________

Questions? Contact the FPA of NE office (managed by Creative Association Management) at (402) 397-0280 or via e-mail at fpa@cam-omaha.com

Make checks payable to “FPA of Nebraska” • Refunds can be requested up to July 24, 2012.After July 24, registration fees are non-refundable; however, fees can be applied toward a future FPA of Nebraska meeting.

Please clearly mark your attendance choices and enclose a check/credit card information for that amount.For Earlybird Discounts, your registration form must be postmarked by Tuesday, July 24, 2012.

ALL-DAY: FPA of Nebraska Members: �� $60 Earlybird � � $90 Regular � � $0 2012 Season PassNon-Members: � � $90 Earlybird � � $120 Regular

A.M. ONLY FPA of Nebraska Members: �� $30 Earlybird � � $45 Regular � � $0 Season Pass Will Stay for Lunch: � � Yes � � NoNon-Members: � � $45 Earlybird � � $60 Regular Will Stay for Lunch: � � Yes � � No

P.M. ONLY FPA of Nebraska Members: �� $30 Earlybird � � $45 Regular � � $0 Season Pass Will Come Early for Lunch: � � Yes � � NoNon-Members: � � $45 Earlybird � � $60 Regular Will Come Early for Lunch: � � Yes � � No

If paying by credit card � � VISA � � Mastercard �� AmEx

Name as it appears on card___________________________Card # __________________________________________

Expiration Date ___________________________________

Zip Code for Card _________________________________

Signature ________________________________________

Sponsored by

Sponsored by

Sponsored by

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Events You Won’tWant to Miss!

Please note these dates on your calendar, and watch your e-mailand future issues of the our newsletter for more information.

July 27FPA of NebraskaGeneral Meeting

Sept. 28FPA of NebraskaGeneral Meeting

Sept. 29 – Oct. 2*FPA AnnualConf. & ExpoSan Antonio, TX

All FPA of Nebraska Board meetings are open to members. Tenta-tive board meeting days are Aug. 17, Oct. 19 and Dec. 7. ContactFPA of Nebraska executive director Joe Pittman at (402) 397-0280 or e-mail fpa@cam-omaha.com for more information.

All General Membership meetings are scheduled to be held atQuarry Oaks Golf Club. Most meetings will start at 10 a.m.

*For more information on these and otherNational FPA-sponsored events, call 800-322-4237, or go to the FPA National websiteat www.fpanet.org.

Oct. 21 – 26*FPA Residency 2012Lake Arrowhead, CA

Nov. 2 – 4*FPA Chapter LeadersConference 2012Denver, CO

Nov. 16FPA of NebraskaGeneral Meeting(2013 Officer & Board Elections)

Due to the recent financial crisis, many Americans are con-tinuing to suffer from a loss of financial resources, uncertaintyand a diminished quality of life. In these difficult times, manyare searching for emotional and financial advice to help themplan for their futures and achieve financial stability.

Toward that end, The Financial Planning Association®(FPA®), Certified Financial Planner Board of Standards, Inc.(CFP Board), Foundation for Financial Planning and The U.S.Conference of Mayors are again partnering to assist those mostin need of financial guidance through a ground-breaking pro-gram called Financial Planning Day. For the third year, Omahahas been invited to participate and FPA of Nebraska has beenasked to organize volunteers to either speak at the event or meetindividually with attendees.

All materials will be provided by FPA, so no extensive prepara-tion is required. Volunteers must either be a member of FPA or aCFP Certificant.

The event will be held on Saturday, Oct. 13, 2012. Mark thisdate on your calendar and watch for more information comingsoon about how you can volunteer to help with this importantinitiative.

Financial Planning DaySet for October 13

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Our mission is to advance the value of the

financial planning profession by providing

quality education for our members,

increasing public awareness of the benefits

of financial planning and promoting the

highest ethical standards within the

profession.

FPA of NebraskaMission Statement

FPA of Nebraska will again present from one to three $1,000 schol-arships this year to CFP® students who are admitted to a programadministered by an accredited college or university registered withthe CFP® Board of Standards. The number of scholarships to beawarded this year will be in proportion to the number of applica-tions received.

An application form, which outlines the rules of eligibility, is avail-able for downloading from our website at www.fpanebraska.com.

The deadline for applications is Sept. 30. This year’s winner(s)will be recognized as part of the luncheon during the Nov. 16 gen-eral meeting.

If you are a CFP® student, we strongly encourage you to applyfor one of these awards. Or, please feel free to forward this messageto any CFP® students you know who may be interested in apply-ing.

If you have any questions about the scholarship program, pleasecontact FPA of Nebraska Executive Director Joe Pittman at (402)397-0280.

CFP® ScholarshipApplication Deadline is

September 30

Team Name:

_______________________________________

Team Members:

_______________________________________

_______________________________________

_______________________________________

Enter the 2012 FPA of NE Financial Planning ChallengeA new tradition is starting with our chap-

ter this year — the Financial PlanningChallenge!

The Challenge will be based on a “Jeop-ardy” game format, with teams competingtowards the title of 2012 Champion.

The Challenge is open to all FPA of Ne-braska members and firms. Teams will

consist of three people at a cost of $75 perteam with proceeds going to benefit the FPAof Nebraska scholarship fund.

Teams will compete during the lunchbreak at chapter meetings with the final twoteams going head to head for the final roundat the November meeting. Questions willcover topics found on the CFP® Exam for

the categories of Taxation, Insurance Risks,Investing, Personal Planning, Estate andRetirement Planning.

We hope to kickoff the competition at ourJuly 27 meeting, so please get your entriesin as soon as possible.

The winning team will receive FPA of Ne-braska chapter “bragging rights” and the newtraveling FPA of Nebraska Challenge Cup!

If you think your firm has the mostknowledgeable financial planners, here’syour chance to prove it. You can also as-semble a team of three planner friends tocompete from different firms as well.

Good luck and we look forward to crown-ing our 2012 Champions!

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ENTRY FORM

Mail Your CompletedForm and Check

(payable to FPA of Nebraska) to:

FPA of NebraskaPO Box 24133

Omaha, NE 68124.

Team entry fee is $75

Proceeds From the Financial Planning Challenge Benefit FPA of Nebraska Scholarship Fund!

Please complete and return to the FPA of Nebraska office.

Deadline to enter is July 26, 2012. If you have any questions or would like more information, please contact FPA of NebraskaExecutive Director Joe Pittman at (402) 397-0280 or fpa@cam-omaha.com.

Many thanks to the following member who recently joined FPAof Nebraska:

Name Firm CityWilliam Lewis Wealth Management Lincoln

Concepts

Janae McKee D.A. Davidson & Co. Omaha

Also, thank you to the following members who recently renewedtheir memberships:

Name Firm CityJ.A. Abels Estate and Wealth, Inc. Papillion

Eric Allen Allen Capital Group GrandIsland

Jeff Arnold Pinnacle Trust Services Fremont

Jeanne Boisen-Baum Heritage Financial OmahaServices

Marc Bowman Continuum Financial Omaha

William Callahan Callahan Financial OmahaPlanning Co.

Thomas Cherry Wells Fargo Advisors Lincoln

John Clark Northwestern Mutual Omaha

W. Patrick Clarke Orion Advisor Services Omaha

Kevin Deaver Cornhusker Bank Lincoln

Robert FitzSimmons Bob FitzSimmons Inc. Lincoln

Ed Horwitz Creighton University Omaha

Jeff Johnson Executive Wealth LincolnManagement

Loren Kampschnieder Waddell & Reed Lincoln

William Kellstrom Omaha

Dennis King Securities America La Vista

Dan Kline Continuum Financial Papillion

Ron Kortan Fremont Nationtal FremontBank & Trust Co.

Marco Kpeglo Omaha

Vic LaPuma Boys Town Boys Town

Nate LeGrand Raymond James OmahaFinancial Services

Charles Line Papillion

Dan Monaghan Symphonic Financial Central CityAdvisors

Patrick Moylan Securities America Omaha

Sean Moylan Securities America Omaha

Stephen Patterson Lutz Financial Omaha

Jeff Pirruccello McGrath North OmahaMullin & Kratz

Ross Polking Foster Group Omaha

Jeff Sharp SilverStone Group Omaha

FPA of Nebraska Membership Update

Continued On Page 8

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The Financial Planning Association of Nebraskacare of Creative Association Management

P.O. Box 24133Omaha, NE 68124

RETURN SERVICE REQUESTED

Name Firm CityMaria Sinley Smith Hayes Omaha

Financial Services

Trevor Smith Continuum Financial Omaha

Brian Swann Pacific Life LincolnInsurance Co.

Richard Van Demark Sioux Falls

Mike Wall Wall Financial Planning Omaha

Paul Whaley Pinnacle Bank Beatrice

Aaron Winters Securities America Omaha

Just a reminder — if you have a May 1 renewal date and havenot yet renewed, your membership renewal is now past due andyour membership officially lapsed as of July 1. If you have anyquestions or concerns about your membership status, please con-

Continued From Page 7

FPA of Nebraska Membership Updatetact the FPA Member Services Center at 800-322-4237. You canjoin or renew your membership — update your member contactinformation — locate fellow FPA members — or refer a colleaguefor membership — via the FPA website at www.fpanet.org.

FPA of Nebraska thanks the following members who have recentlyreached a membership milestone:

Five YearsMatt Buckwalter

Jeff JohnsonChuck Line

Ten YearsLinda ArenaJohn Clark

Fifteen YearsPat Doyle

Happy Anniversary!