The Daily Dividend: FMS Education

News, notes and insights from around the industry

DECEMBER 14, 2018
Last-Minute Shopping
By Mark Loehrke, Editor, Financial Managers Society

Tis’ the season to seek out bargains, and FMS has a great one – but only if you get your shopping done now.

The 2019 FMS Forum may be six months away, but our early rate is only available until December 23rd! So register today to save $100 on all of the amazing educational opportunities and valuable peer connections the Forum offers year after year.

But the early rate will be gone soon, so be sure to put a trip to Boston for the 2019 FMS Forum on your last-minute wish list. And remember – FMS members enjoy an even lower rate than non-members, so if you haven’t already, join now!

DECEMBER 7, 2018
FMS Webinar: Understanding and Using Customer Profitability
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

FMS Webinar: Strategic Implications of CECLTo stay competitive in the financial services industry, customers must be at the center of everything. But even with access to so much customer data, many institutions still lack an understanding of the value each customer brings to the organization. 

If you suspect your customer profitability system needs a tune-up, join us for a two-part super webinar, “Understanding and Using Customer Profitability,” on December 11 and 12. Brad Dahlman of ProfitStars will use part one to explain what drives customer profitability and how to implement changes to your current system, then in part two will explain how to best analyze your customer data and use it to make the kinds of decisions that will help move your institution forward.

You can join us for part one, part two or both – register today!

NOVEMBER 26, 2018
FMS Webinar: Checking Accounts Rebooted
By Mark Loehrke, Editor, Financial Managers Society

With institutions locked in a fierce battle for deposits and customers presented with more banking options than ever before, the future of the traditional checking account is anything but certain. But is a move away from free checking the right strategy?

Join us for an FMS webinar on Monday, December 3, as Scott Richardson of IZALE Financial discusses “Checking Accounts Rebooted.” Learn how fee-based checking options can help deliver more value to your customers while providing the institution with a much-needed new income stream – without chasing away deposits.

As always, this webinar is complimentary for FMS members. (Not a member? Join today!)

NOVEMBER 13, 2018
CECL Transition: Are You Ready?
By Mark Loehrke, Editor, Financial Managers Society

CECL likely occupies a very interesting place for finance and accounting professionals in many institutions. On the one hand, having heard and read about the new standard for the past couple of years, they probably feel like they know just about all there is (or all they care) to know about it. But with implementation still a couple of years out, they may have yet to take any concrete action to get ready for the reality of working under a dramatically different new philosophy.

This dichotomy makes now the perfect time to take stock of CECL, and FMS has a convenient way to do just that. Join us for our upcoming virtual seminar on the CECL transition on December 5-6, as Ryan Abdoo of Plante Moran and Mike Guglielmo of Darling Consulting Group team up for an in-depth look at the issues facing institutions as they begin to implement CECL, including lessons learned from those already well down the path and ideas for getting strategic value from the standard.

This is a terrific opportunity to get a better feel for where your institution stands on CECL – and to get up to five hours of CPE before the end of the year – without ever leaving the comfort of your office. So be sure to register today!

OCTOBER 30, 2018
Heeding the Call
By Mark Loehrke, Editor, Financial Managers Society

The finance and accounting professionals are coming! The finance and accounting professionals are coming! But you don’t have to stage a midnight ride to get your important message out to the masses in Boston during The 2019 FMS Forum.

While everyone is welcome to join us as an attendee and enjoy three days of terrific educational sessions, great social and networking opportunities and fantastic recreational options, those looking to contribute to the thought leadership and subject matter expertise that help make every Forum such a valuable and memorable experience, our annual Call for Presentations is now open.

The FMS Advisory Councils are now accepting presentation proposals in a wide variety of subject areas to build what promises to again be a comprehensive and well-rounded program. Whether you’re a vendor, an academic, an industry consultant or even a bank, thrift or credit union professional, if you have expertise or insight on a particular topic to share with your peers in a 60-minute presentation, we want to hear from you!

So get your thoughts together and submit your proposal before the November 30th deadline.

OCTOBER 25, 2018
FMS Webinar: Forethoughts on Adding the MSR Asset
By Mark Loehrke, Editor, Financial Managers Society

If your institution has been looking for new sources of revenue in this rising rate environment and has considered adding mortgage servicing rights (MSR) assets to the balance sheet, you already know that the potential benefits of this strategy are countered by a number of significant challenges and concerns as well. 

To better evaluate the MSR question, join us for an FMS webinar on Wednesday, November 7, as Dave Bennett of MountainView Financial Solutions offers some “Forethoughts on Adding the MSR Asset.” Learn more about the unique nature of the asset – including issues surrounding servicing, accounting and pricing – in order to determine if it makes sense for your institution.  

As always, this webinar is complimentary for FMS members. (Not a member? Join today!)

OCTOBER 16, 2018
Chapter Happenings
By Mark Loehrke, Editor, Financial Managers Society

The year may be winding down, but FMS chapters have been busier than ever. Even before many shift into the season of traditional holiday gatherings and charity events, there continues to be plenty going on this fall.

September was an especially busy month all across the country, starting with the new Dallas-Fort Worth chapter, which continued to take root in the heart of Texas, as it staged its second official event – a presentation on cybersecurity – for a diverse group of local professionals. Meanwhile back east, the reigning Chapter of the Year in Philadelphia hosted a sweet and successful East Coast Regional Conference in Hershey, Pennsylvania, featuring three big days of networking and educational sessions on stress testing, CECL, liquidity management and much more. And in the Midwest, the Chicago chapter hosted another successful Fall Education Forum with presentations on business ethics, CECL implementation and tax reform – followed by a terrific Happy Hour, of course.

But there’s plenty more to come in the weeks and months ahead. The New York/New Jersey chapter has a busy schedule, with a dinner meeting in Hackensack on October 24, a networking and new member social in Wayne on November 15 and a half-day seminar in Asbury Park on November 27. Elsewhere, the Wisconsin chapter is hosting its Fall Education Seminar in Milwaukee on November 14.     

So get out this fall to discover what FMS chapters are all about, and be sure to keep an eye on the education calendar as additional chapter events come online!


Mark Loehrke
Editor and Director, Publications and Research

Danielle Holland

Hilary Collins
Specialist, Publications and Research