NOTE: PROGRAM DELAYED DUE TO BUDGET CONSTRAINTS

Overview and Objectives

PTMA will launch a formal mentor program in [April 2002]. The program is designed to meet PTMA member needs for increased networking opportunities, continued education and career development. The program objective is to foster long-term mentor-protégé relationships, of benefit to both participants, by means of a formal, one-year structured program administered by the PTMA.

PTMA Program Administration

• Recruiting and Program Set-Up
• Recruit Director- and VP-level financial professionals willing to serve as mentors,
• Recruit PTMA member protégés,
• Match mentors with protégés, based on an evaluation of participants' interests, backgrounds and expectations

Training and Oversight

• Provide formal instruction to mentors on effective mentoring, coaching and leadership skills, and expectations for the program (using 3rd party consulting resources)
• Provide formal instruction to protégés on developing an effective mentoring relationship and reasonable expectations for the program (including time and financial limitations)
• Introduce mentors to protégés and launch the program at an introductory luncheon
• Survey both mentors and protégés twice during the year:
  • At the 4-month point, providing interim feedback to participants
  • At the end of the year, for purposes of evaluating the success of the program
• Act as an informal facilitator between mentors and protégés throughout the year

Financial Support (Under Review)

• PTMA will provide each mentor with $200 to cover expenses (meals and expenses) for the year
• PTMA will cover the expenses of initial training & instruction, surveys and the launch luncheon

General Expectations and Guidelines

1. Meeting Frequency & Time Commitments

Mentors and protégés should plan to meet in person once each month (apx.10 times in the year), and separately interact via phone or e-mail one other time each month. All participants should be flexible for re-scheduling, acknowledging that schedules are sometimes hectic.

2. Meeting Structure

1st Meeting: Review protégé resume, career goals and strengths/areas for improvement

2nd Meeting: Strategize on constructive ways for the protégé to develop his/her skills and achieve his/her career goals

Subsequent Meetings: Follow-up discussions on specific activities

3. Financial Commitment - UNDER REVIEW

Mentors are expected to pay for protégé meals at monthly meetings.

PTMA will provide $200 to each mentor to cover the bulk of this anticipated expense.

4. Mentor/Protégé Matching

Participants will complete a questionnaire outlining their goals and expectations for the program. Protégés will be asked to submit a resume and 3- to 5-year career goals. The PTMA will use this information to match mentors to protégés, ideally finding personality matches with mentors positioned to assist each protégé develop toward his/her career goals.

5. Trial Period

The program contemplates a 2-month trial period, after which either mentor or protégé may withdraw from the program.

6. Training

The PTMA will coordinate training of both mentors and protégés by 3rd party professionals with mentoring experience. The PTMA will offer training to mentors training on effective coaching, development, motivation and influencing skills.