AAFMAA's Expansion Plans Continue
As previously reported in AAFMAA's newsletters and annual reports, AAFMAA continues to develop expansion plans to build upon our existing services. Living Services and Survivor Assistance Services are currently administered through an outsourced contract. Eventually, AAFMAA will offer a complete array of financial advisory services. In 2009, AAFMAA formed a wholly owned subsidiary, AAFMAA Financial Advisors LLC, to fulfill this important mission.
On July 1, 2010, AAFMAA Financial Advisors will provide Living Services to AAFMAA's Grandfathered members and Survivor Assistance Services to the surviving widows and widowers of deceased AAFMAA members. We have been implementing a multi-phase transition plan, including the addition of key personnel and modernization of existing systems to ensure a seamless transition.
AAFMAA Financial Advisors will be located at the AAFMAA Financial Center in Reston, Va. Initially, their focus will be to provide Living Services and Survivor Assistance Services. Gradually, AAFMAA Financial advisors will evolve into a full-service financial planning entity. A series of focus groups, members surveys, and sample test cases confirmed the desire and need for new services. As we add new services, we will keep the AAFMAA membership informed. Please continue to look for notifications from AAFMAA about this exciting new venture. Additional information, including individual notifications containing important contact information, will be sent to all Grandfathered members, surviving widows and widowers in the near future.