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Financial Planning > College Planning

The American College Forms Its Own Alumni Association

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The American College Forms Its Own Alumni Association


The American College is forming a new alumni association–open to its estimated 90,000 graduates. In addition, the college is pulling its conferment exercise from the program of the Society of Financial Service Professionals annual meeting.

The announcement came as a bit of a surprise, admits Joseph Frack, CEO of the SFSP, Bryn Mawr, Pa.

Frack says, however, that there will be no impact on current members of the Society from the colleges actions. “All of the benefits that we offer our members are generated internally, so members will still receive all their benefits,” he says.

Speaking for the college, Laurence Barton, president and CEO, said, “This is a wonderful opportunity to help our graduates bond with this institution and offer them real networking and professional growth.”

Alumni members will receive a number of different benefits, according to officials at the college.

This alumni association is not intended to compete with the Society for members. “We see the graduates being members of our alumni association and belonging to a whole number of other organizations that they may want to support as well,” Barton says.

He says he expects the college to continue to maintain a strong relationship with the Society.

Regarding the change of venue for the conferment, Barton says, “We think its important that we have a stand-alone ceremony that salutes the individuals who have achieved a real milestone in their career.”

Beginning in 2004, the college will hold conferment exercises either on its own campus, or in another location, but will “not be associated with any one particular most favored society or association,” says Barton.

For the Societys part, Frack says, “Its a shame the conferment wont be with us, but it also gives us an opportunity to do some things we might not have done at the meeting.” He adds that its important to realize the conferment was only one day at the meeting.

For new designees, Frack feels the Society is a “tremendous choice for them because we are a professional association and we do all the things that a professional association does.”

Frack notes that graduates of the college who are looking for an association that offers continuing education, ethical standards, and the opportunity to build relationships at the local and national level should see the Society as a logical choice.

Reproduced from National Underwriter Edition, July 7, 2003. Copyright 2003 by The National Underwriter Company in the serial publication. All rights reserved. Copyright in this article as an independent work may be held by the author.


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