Editor’s Note: From May 25 to June 4, a delegation of 44 financial planners from the Financial Planning Association and 15 guests will spend a week in China, but sightseeing is definitely a secondary goal. AdvisorOne is partnering with the FPA to tell the story of this trip, with daily dispatch blogs from a number of those planners that will be posted on a special AdvisorOne FPA in China home page. With additional news and feature articles, the FPA in China Special Report will provide advisors with in-person and expert commentary on the world’s second-largest economy.
Prior to the trip, AdvisorOne spoke in mid-May with the FPA in China’s delegation leaders—former FPA Presidents Dan Moisand and Richard Salmen. In Part I of this interview, the two leaders discuss the background for the trip and the place of financial planning worldwide and in China. Look for continuing coverage during the trip, and wrap-ups following the trip, on AdvisorOne. (See Part II of the interview here.)
AdvisorOne: How long has this trip been in development? How big is the delegation?
Dan Moisand: It’s been many years in the making, [FPA member] Neal Salomon had the idea in his head to put together a People to People trip to Russia, hoping that every few years a similar trip would happen. The [serious planning] started in 2010 when FPA got a hold of me and asked me to put it together; last year at FPA Retreat I was handing out panda bear pins. FPA has done this kind of thing before; we sent a total of 90 people to Russia in 2008—guests and planners. For the China trip we have 44 planners, 15 guests.
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AdvisorOne: What’s different about this trip compared to the Russia trip?
Moisand: China has a very well established financial planning community; there are several thousand financial planners who are eager to see us. In Russia we had access to high-level government people, but the hard part was finding actual financial planners there.