Tag Archives: FINRA fellowship

Last Chance to Apply for the FINRA Military Spouse Fellowship!

African-American-female-sitting-at-a-deskThere are blog posts a plenty emphasizing the important role that a portable career can have in the life of a military spouse; there are stacks of arguments as to why education is valuable, and there are broken bats scattered along the way from everyone trying to hammer these points home.

If you haven’t yet heard it…get out from under that rock! PCS season is sneaking up, and military spouses will schedule the movers, pull the kids out of school, say good-bye to friends, oh and, yes, quit their jobs…again. I know this first hand; moving boxes are currently consuming my living room, and my pre-move to-do list grows.

Industries with mobile careers are few and far between, but by tapping into the right job markets (teaching, healthcare and fitness to name a few), savvy military spouses are finding more success in landing jobs that are portable.

I want to shine some light on the financial industry – specifically financial counseling.

According to the Association for Financial Counseling and Planning Education (AFCPE), financial counseling and planning education “is the integrative, multidisciplinary field of social science that studies personal finance and helps families from all walks of life make effective financial decisions and improve financial capability.” Among other efforts, AFCPE supports researchers, educators and counselors with the goal of building, advancing, and ensuring the integrity of the Personal Finance profession.

For the past several years, the National Military Family Association, AFCPE, and the FINRA Investor Education Foundation have joined together to provide the FINRA Foundation Military Spouse Fellowship Program. This program is available to qualified applicants looking to pursue careers as accredited financial counselors (AFC). Organizations that hire financial counselors include: bankruptcy courts, banks, savings and loan associations, college financial aid offices, Uniformed Services family/community service agencies, employee benefits counseling firms, insurance companies, consumer finance companies and many more.

AFCPE offers a self-paced study that meets the following objectives:

  • Train a corps of military spouses to provide financial counseling and education within the military community
  • Help military spouses achieve career goals and aspirations and enhance job-related marketability
  • Develop personal financial management skills of military families.

The fellowship gives military spouses (like you!) the opportunity to become an AFC at no cost, and on their own schedule from where ever in the world the military sends them.

If you are already in the finance field, and looking to advance your career, or you want to be a part of an industry that has jobs across state lines, consider this fellowship!

Applications for the FINRA Foundation Military Spouse Fellowship program are being accpeted until April 18, 2014 – so apply now!

alliePosted by Allie Jones, Program Manager, Spouse Education + Professional Support

 

Starting a Career on the Move: Jennifer’s FINRA Fellowship Journey

financial-documents-and-calculatorLife in the military can be both challenging and exciting. When my children started school, I began wondering what I would do next. A friend of mine recommended applying for the FINRA Foundation Military Spouse Fellowship to become an Accredited Financial Counselor (AFC). For me, the timing was perfect, since we would be at our current duty station for another year.

After being selected to become an Accredited Financial Counselor Fellow, our family received the news that we would be moving to a different state around the time classes would start. I began to think I wouldn’t be able to complete this program because of the chaos around me – like packing up and moving the week before my classes started!

Set up in a hotel room, I logged on for my very first webinar! I was very nervous…I didn’t even know what a webinar was! Logging on was easy, and the presenter was very knowledgeable. Prior to, I received the slideshow via email, so I was able to take notes. Even in the midst of a PCS move, and using hotel wi-fi, the flexible AFC program allowed me to learn right where I was!

As I unpacked at my new home, my husband arranged for the Internet to be set up the day of my second webinar. When it came time to start, I sat in the middle of a room full of boxes – nothing was going to stop me! The rest of the classes went smoothly with no major problems. Then it came time to take my exam.

WAIT. How do I do that?? Another thing I had no experience with…finding a test proctor. The education center on our base gave me information to contact the local community college to find a proctor, and after a call and a few emails, I was set up to take my first of two exams. While I was studying for the first exam, I was also attending webinars for the second class. This flexibility allows you to work at your own pace. I passed my exam and moved on to focus on the second class.

However, I also had 1000 hours to complete for my practicum. Thanks to helpful hints from past fellows, I started volunteering on base. It was slow at first, but by the time I finished the second class, I had started shadowing a counselor. I gained more confidence and started teaching classes. Instead of focusing on my second exam, I focused more on my family, as well as on those practicum hours. After the summer was over, I finally scheduled my second exam. I passed this exam within 10 months of the first webinar.

This fellowship is wonderful for military spouses because it is so flexible. I didn’t have to worry about attending classes in a set location, and I was able to schedule exams at my pace, and within my schedule. The ideas for practicum hours were invaluable, and this fellowship is tremendously encouraging. I am so thankful I was selected to be a part of this fellowship, and I can’t wait to continue helping fellow military families here, and at our next station! Yes, we are moving again, but with this program I know I can get my certification without a problem!

Thinking of a career change? Maybe the FINRA Military Spouse Fellowship is your next step! Find out more and apply by April 18, 2014!

Jennifer-WakePosted by Jennifer Wake, Military Spouse & 2012 FINRA Fellow, Fort Leavenworth, KS

A New Chapter and A New Career: Life After the Military

FINRA-fellowship-1As a military spouse and parent, I know the frustration of thinking about my own goals and wondering “When will my time come?” For me, the small steps I took during those active duty years, combined with opportunities like the FINRA Military Spouse Fellowship for the Accredited Financial Counselor designation, have guaranteed an amazing new chapter in military retirement!

Life changes quickly as a military family; our lives are packed into boxes every few years as we change time zones and weather zones. Like death and taxes, change is about the only constant.

Constant change frustrated me! I wanted to buy a house and put down roots, find a great job and become an asset to the company, go back to school, and plan my life in detail 3, 5, or 10 years down the road.

Money management was frustrating, too. Housing and cost-of-living-allowances were always changing, military housing was available here and there, and I was always losing my accounting job, and ultimately losing the extra income. Going back to earn a master’s degree was a well-coordinated effort of location and my spouse’s duty assignments.

Many times, it was hard to see beyond the day-to-day challenges of supportive spouse and parent.

Retirement brought promises of stability. We finally bought that great house knowing we don’t have to move again. The nest was empty as children headed off to college. Now was my chapter!

I reflected on my future after being a full-time mom, all-around volunteer, and part-time accountant. I wanted to help people with their financial lives and be part of the solution to our national financial crisis. Plus, I could give back by supporting military families in making the most of their finances and the positive benefits of the military life.

The FINRA Foundation Military Spouse Fellowship helped me tremendously in my career shift to personal finance. The experience and connections from my practicum hours (the experience requirement) increased my skills and confidence when working with the military and civilian community. Still today, after earning the Accredited Financial Counselor designation in 2012, incredible opportunities arrive continuously for teaching, writing, networking, and counseling.

I have no doubt that everything associated with my Fellowship contributed to my acceptance to Kansas State University’s competitive PhD program in Personal Financial Planning, in 2013. As part of that program, I have also started the education classes towards the Certified Financial Planner (CFP®) designation. My time has come, and the possibilities after my 2017 graduation are exciting!

Thank you FINRA, National Military Family Association, and the AFCPE for recognizing and honoring my role as a military spouse and financial counselor volunteer –and providing this Fellowship for military spouses.

The 2014 FINRA Foundation Military Spouse Fellowship applications period opens March 3-April 18. Visit http://www.militaryspouseafcpe.org/
for more information.

2011-09-04-Cherie-Christian-PFGuest Post by Cherie Stueve, 2011 FINRA Military Spouse Fellow, MBA CPA (Inactive) AFC®, and Proud Coast Guard Spouse

2013 FINRA Investor Education Foundation’s Military Spouse Fellows

accountant-womanThe job market for military spouses can be intimidating, and employment can be daunting. Especially when you know you won’t be in one spot for long. Portable careers are the most coveted among military spouses. One career that fits the portable bill is financial counseling.

In 2012, Forbes reported positions for financial advisors were one of the fastest careers in desperate need of talent. The Forbes report states, “The demand for financial advice is increasing as Baby Boomers approach retirement and seek help getting there.” The world of financial advisors is expected to grow at a rate of 32% according to the Bureau of Labor Statistics; the average growth rate of all occupations is 14%.

This financial industry is an excellent option for military spouses. Thanks to Financial Industry Regulatory Authority (FINRA) and Association for Financial Counseling and Planning Education, military spouses have the chance to break into the industry by obtaining their accredited financial counseling certificate at no cost. In March of this year, the FINRA Investor Education Foundation’s Military Spouse Fellowship Program opened the application process, for the eighth straight year, for its class of 2013 military spouses. The FINRA Fellowship Program provides military spouse recipients with the education and training needed to earn the Accredited Financial Counselor® (AFC®) designation. Hundreds of military spouses applied for the program in 2013. Fifty military spouses throughout the U.S. and overseas have been awarded the FINRA Investor Education Foundation’s 2013 Military Spouse Fellowship.

Here are the 2013 FINRA Investor Education Foundation’s 2013 Military Spouse Fellows:

Karen Bond
TruVonda Boone
Ana Brown
Michelle Budzien
Lauren Chaplin
Tisha Curry
Katelynd Day
Kira Dentes
Kornkamol Diskul
Jessie Ellertson
Maria Firestone
Hyunhi Flot
Dawn Foster
Prece Fountain-Reid
Mari Fries
Patricia Geiger
Cynthia Giesecke
Adrianna Gonzalez
Sara Griffin
Olga Guy
Brynn Hanson
Julia Harris
Meredith Hathaway
Diana Hook
Katrina Horsley-Watts
Sabrina Johnson
Karin Knapp-Parham
Rebecca Lenard
Sarah Malufau
Michael Matheny
Emily McConnell
Sara Miller
Diana Mitsch
Meghan Northcutt
Uchenna Oranebo
Lucie Pak
Andrea Peck
Kia Plumber
April Postell
Angela Reyes-Hill
Angela Setering
Elaine Smith
Rebekah Strausheim
Sarah Tellefsen
Gideon Thomas
Whitney Thomas
Jennifer Trimble
Kelley VanDyke
Tuawana Williams-Jenkins
Valarie Young

It’s not too late to figure out what you want to be when you grow up

It's not too late to figure out what you want to be when you grow upAs a kid we knew what we wanted to be when we grew up. Well, we had to have an answer – we were asked the question all the time.  Although, in my case, I didn’t know. Not until I was about 30 years old.

I married my husband in college and was thrust into military life right after we graduated. I only worked for about 18 months at the beginning of his career. Then we relocated overseas and within three years I had two beautiful children. This was my life. Mom, wife, military spouse.

When my husband started training and gearing up for long deployments, I knew I needed to get involved. So I started volunteering. Within two years I knew I wanted to support other military families. There was a need, and I loved it so much. It was a perfect fit.

When the FINRA Military Spouse Fellowship applications opened through the National Military Family Association in 2010, I applied. Having an undergraduate degree in psychology, I thought the idea of financial counseling sounded very interesting.  After finishing the program in about 11 months, I realized that not only did I have a passion for supporting military families, but I loved financial counseling. So, here it was—the career I always wanted with the passion I already had.

With our relocation to the National Capital Region, I found a position with the Consumer Federation of America as the Military Saves Coordinator. Now, I am in charge of a program that affects military families on a broad scale. I am able to use my knowledge as a financial counselor, military spouse, and all those years as a volunteer to support military families’ financial well being.

The FINRA Military Spouse Fellowship was instrumental in helping me develop a successful career path. Opportunities like this for military spouses are priceless. I am so thankful for organizations like FINRA Foundation, National Military Family Association, the Association for Financial Counseling and Planning Education, and the Department of Defense that tirelessly work to provide these opportunities.

As we move to our next location, the skills and experience provided by the Fellowship give me confidence to pursue a mobile career—a welcome advantage in meeting that challenging feat.

The 2013 FINRA Investor Education Foundation’s Military Spouse Fellowship Program is now accepting applications. Learn more about this opportunity and apply today!

Posted by Andia Dinesen, AFC ®, Military Saves Coordinator, FINRA Military Spouse Fellowship Recipient, military spouse, and mother of two