DENVER – The Financial Planning Association® (FPA®) awarded its Diversity Scholarship to attend FPA Retreat 2014 being held in Miami, Fla., May 3-5. The scholarship recognizes a professional who is working to encourage diversity in the financial planning profession and the population served. In addition to conference registration and travel expenses, the merit-based scholarship recipient earns one-year FPA membership and chapter meeting expenses.
The Retreat 2014 scholarship winner is Stephen Barkhuff, CFP®, CFA, who works at Compass Working Capital, a non-profit financial services organization based in Boston. Barkhuff is committed to serving lower-income clients who cannot normally access financial planning services due to their income and assets levels. At Compass Working Capital, he provides financial coaching and savings programs that empower working, low-income families to build assets, achieve their financial goals, and become financially secure. Many of his clients are working single mothers who earn less than 50 percent of the median income for that area.
“FPA is proud to recognize financial planners who serve Americans with diverse needs and promote access to competent, ethical financial planning services,” said Lauren M. Schadle, CAE, FPA executive director and CEO. “Mr. Barkhuff’s work in providing financial planning services to diverse communities is to be commended.”
The scholarship is awarded to financial services students and professionals who demonstrate and act upon an intense desire to promote diversity in the financial planning profession. Criteria for applicants includes:
- Raising awareness of the profession in diverse communities;
- Serving diverse communities with financial planning; and
- Increasing professional opportunities for diverse communities within the financial planning profession.
The Diversity Scholarship Program
is sponsored by the FPA Diversity Committee through FPA’s Diversity and Inclusion Initiative
. The Committee’s mission is to develop strategies to raise awareness and promote inclusiveness of diverse communities including but not limited to: age, race, ethnicity, gender and sexual orientation in the financial planning profession. FPA strives to increase professional opportunities for the widest spectrum of people so that all may join and thrive in the financial planning profession.