From The President

president@philasecurities.com

Members,

On behalf of the officers and board of The Philadelphia Securities Association, we hope you and your family and friends are all safe and healthy.

The officers and board members of the Philadelphia Securities Association meet virtually every quarter to discuss upcoming presenters, events, and the overall direction of the organization. We continue to explore ways to expand our platform, foster diversity within our membership, and engage the broader community through seminars and panel discussions. Additionally, we prioritize preparing for our annual meeting and elections, ensuring the continued growth and success of the PSA.

Elections:

This year, we will have our elections via an online process. I have created a PSA account at Survey Monkey to provide the membership the ability to cast their ballots in the election and for the future needs of the association. We will be sending the election ballots to the email addresses of all PSA members via Survey Monkey. Members may also cast their ballot at the Annual General Meeting via Zoom on December 9th. A Zoom registration will be available in a few days. If you know of members who still do not utilize email, please ask them to call Edward Tirello or Calvin Rose to cast their ballot. We will allow 1 week to receive the responses from the membership. Final vote is December 9th. It is very important for all members to utilize our website and email, especially in today’s environment, as we will continue to use only online registration, email communications and Survey Monkey for various tasks throughout the year.

The officers and board members are listed below. Please do not respond to this email. You will need to cast your ballots on the official Survey Monkey ballot as that is being tracked and tabulated for this purpose.

Officers:

President – Edward J. Tirello Jr.

Vice President – Rickie Taylor

Treasurer – Calvin Rose

Secretary – Don Gudhus

Board of Governors:

Michael Carberry

Jay Weinberg

Richard Rossi

Donald Gudhus

Richard Muhlberg

Rickie Taylor

Calvin Rose

Committees:

Programs – Edward J. Tirello Jr. and Richard Rossi

Scholarship – Pending

Audit – Donald Gudhus

As we make changes to our association each year, we always seek to add members to positions on the various committees (Membership, Audit, Programs, etc.) It is now more important than ever to have member participation. We began having board member rotations to get new perspectives and ideas. Without members stepping up into new positions, the process behind this strategy breaks down. Please contact any board member or officer to inquire about joining us to help the PSA to grow and prosper.

PSA By-Laws:

There has been a motion to amend the by-laws of the PSA that will expand the membership of the association and also to expand the scope of the association’s objectives. The by-law proposal is posted to the PSA website. You must log in to the PSA website to view the proposal. It is listed under Membership –> Member Documents.

To summarize the changes, the PSA will broaden the allowable categories of possible members to include Advisor Representatives (IARs) and Broker Dealer Agents, Accountants, Attorneys, Pension Consultants, and Sports and Entertainment Agents who provide investment advice should also be included. In addition, aside from the regular format of PSA luncheon/dinner meetings, the PSA may offer public seminars where the general public may attend panel discussions on the various topics within the financial planning realm. Lastly, the PSA will explore the possibility of beginning a philanthropy program where the association will create a scholarship program fund that may be used to provide financial assistance for high school or college students interested in finance and also provide support for Philadelphia schools that are identified in need of basic supplies.

I have contacted PSA member, Jerry Kline, who is an attorney at Obermayer Rebmann Maxwell & Hippel LLP for his opinion on the proposed changes to our by-laws and I am pleased to report that these changes will have no effect upon the PSA’s tax status as a not for profit association that we currently enjoy.

Dues:

After careful consideration and discussion, the board has decided to keep the dues at the same level as this year. The dues will be $200 for 2025. We feel that the membership realizes the value that the members receive for the dues paid.

Sincerely,

Edward J. Tirello, Jr.

President