On April 25th, 2016, in coordination with Money Smart Week®, we hosted a series of financial education seminars in downtown Chicago on the University of Chicago's campus (Gleacher Center). Money Smart Week is an annual national public awareness campaign to promote personal financial health and literacy. Started by the Federal Reserve Bank of Chicago in 2002, Money Smart Week grew to nearly 5,000 events across all 50 states in 2015.
The topics for our seminars included: financial lessons for kids, the cost of identity theft, real estate, careers in financial planning, and banking. Below You can read more about our seminars and get a full recap of the day's events!
Smart Kids – Smart Money
Wipfli Hewins Investment Advisors was proud to present a workshop focused on educating preteens and teens on the importance of financial literacy. During this fun, interactive event, Chicago Public School students learned about the value of financial planning, the importance of saving for future goals and the “ABCs” of investing. Each student identified a financial goal and develop a plan to reach that goal while learning the skills of saving, budgeting, investing and more. Students also competed in a contest to describe one lesson they learned during the event. The winning student walked away with prizes for themself and their class!
A Career as a Certified Financial Planner™ (CFP®)
Students learned about one of the nation’s fastest-growing and in-demand careers: the Certified Financial Planner™ (CFP®). For millions of Americans, money is the biggest stress in life, and finding a skilled advisor they know they can trust is important to achieving financial success and peace of mind. During this session, they learned about the various career paths of a CFP®, top trends facing advisors today and how young people can break into this evolving industry.
The Finance, Fundamentals and Funding of Real Estate
Understanding real estate is more than just knowing the selling price — trends, interest rates and regulations all play a part in navigating the market. Our team of panelists from Wipfli Hewins Investment Advisors, Jameson Sotheby's International Realty and Guaranteed Rate discussed key considerations for buying & selling, financial planning preparation and funding your real estate investment(s).
The Cost of Identity Theft in the Digital Age
Identity theft is one of the fastest-growing crimes in the U.S., with new cases of fraud and privacy breach arising every two seconds. The financial impact of identity theft can be just as devastating as the emotional impact. Last year, identity theft losses skyrocketed to a staggering $16 billion — and that’s not even accounting for the thousands of dollars and countless hours it can take to recover. So how can you protect your financial standing from fraud? Attendees learned the warning signs of identity theft, strategies for safeguarding their information and steps to start on the path to recovery.
Changing Landscape of the Banking Industry
From new regulations to security threats to advanced technologies, the banking industry has faced a number of groundbreaking changes over the past decade, many of which have transformed the way traditional banks do business. Many institutions are altering their footprint and increasingly relying on technology to deliver a more streamlined, convenient experience to customers. This session took an in-depth look at the major factors that are shaping the industry and explored the potential impact of these changes moving into the future.