E' Tylor Claggett Director of Financial Planning Program

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E. Tylor ClaggettDirector of Financial Planning
Program 

• Perdue School of BusinessDepartment of Economics
  and Finance

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Finance Tracks at Salisbury

• In addition to the major in Finance, the Purdue
  Business School offers specialization finance
  tracks in
• Financial Planning,
• Investments, and
• Corporate Finance

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Financial Planning Track

• The Financial Planning Track is registered with 
  Certified Financial Planner Board of Standards
  Inc. (CFP Board) in Denver, CO. 
• In September 2002, we became the first
  undergraduate degree program in Financial
  Planning registered in the State of Maryland.
• Allows our graduates to sit for the CFP
  Certification Examination upon completion of our
  program.
• Certified Financial Planner Board of Standards
  Inc. owns the marks CFP, CERTIFIED FINANCIAL
  PLANNER, and , in the U.S, which it awards
  to individuals who successfully complete initial
  and ongoing certification requirements.

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Recruiting Students

• Financial Planning Brochure
• Early Finance Courses
• Niche Market Opportunities

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Financial Planning Brochure

• Use current students as models
• Plug both the Business School and the University
• Emphasize the local attractions

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Early Finance Courses

• Many students today are turned-off with respect
  to corporate America.
• Career Opportunities.
• Employment with existing FP Firms, Banks, Law
  Practices, etc.
• Potential for lucrative and rewarding self
  employment.
• Pitch unique blend of working in finance and
  helping people.

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Directors Activities

• Visit local high school counselors, advisors and
  administrators to increase visibility of FP
  track.
• Network with regional community colleges Deans
  of Occupational Education
• University Accepted - Undecided Student
  Letters.On behalf of the faculty at The Perdue
  School of Business, please accept my hardiest
  congratulations on your admission to our
  university. We at the Perdue School are excited
  about the possibility that you will elect to
  study business with us. Also, I want to bring to
  your attention the many advantages of pursuing a
  career as a financial planner.

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Directors Activities (more)

• Develop relationships with area FP Firms
• Internships.
• Visit local FP firms to encourage the creation of
  meaningful student internships. Emphasize
  advantages for both student and the firm.
• All students are different and so are FP firms.
  The fit is important.
• Enlist FP Firm officers to help recruit potential
  FP students.
• Existing employees who aspire to career
  advancement.
• College bound children of FP firms employees.
• Possible CE credit for auditing or taking for
  credit FP courses.

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Directors Activities (more)

• Teaching
• Use selected, motivated FP professionals as
  in-class guest speakers.
• Use the WEB to supplement FP texts and to provide
  excitement and realism.
• Local TV News Befriend Anchors/Reporters
• Fill spots with FP and related topics.
• Plug program, school and university in the
  process.

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Directors Activities (and more)

• Cultivate a close relationship with the Financial
  Planning Association of Maryland.
• Fall 2003 meeting of the FPA of MD held on the SU
  campus was a little disappointing.
• Since Spring 2004 meeting of the FPA of MD have
  been much better.
• Meetings address issues of mutual interest to
  both FP professionals and our FP students.
• In the future, we hope to host more business
  meetings of the MD FPA on our campus.

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SU Progress to Date

• Informal start, Fall 2002 8 students
  
• Formal start, Fall 2003 8 students
• Spring 2004 13 students
• Fall 2004 23
  students
• Spring 2005 43 students
• Fall 2005 35
  students
• Spring 2006 42 students

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Student Activities Post Graduation

• Many students reluctant to take positions selling
  product and many want to delay employment until
  fall after graduation.
• Employers encourage students to take SEC series
  exams so they can sell securities, etc.
• Therefore, only one graduate has taken CFP
  Certification Examination to date.

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In Conclusion

• In the long run, we all know that
• student placement and the pass
• rate on the CFP Certification
• Examination will determine
• whether or not the FP track at
• Salisbury University has been
• successful. GOOD NEWS!!!
• The first SU student to take the
• CFP Board Exam passed this
• spring.