In addition to the relief services being provided by local, state, and federal government officials and agencies to those affected by Hurricane Katrina, financial services organizations, companies, and individuals are pitching in as well.
For instance, the Financial Planning Association announced September 1 that it had established an easy way for its members to contribute cash to the American Red Cross’s relief effort through the Red Cross Web site at
FPA President Jim Barnash sent a letter to members on August 31 encouraging them to help in the efforts and noted that “through its National Financial Planning Support Center and its partnership with the Foundation for Financial Planning, FPA will continue to assess ways to meet the needs of our members and others in stricken areas, including those who fled the storm.” Last year, FPA announced an alliance with the Red Cross to provide assistance, including pro bono planning, during times of disaster, as it did following the terror attacks of 9/11.
The National Association of Personal Financial Advisors (NAPFA) sponsored a Webinar featuring TD Bank Financial’s chief economist, Donald Drummond, on September 6. To listen in, NAPFA members were asked to make a donation to the hurrican relief effort.