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The Financial Planning Association (or FPA) (U.S.), is a leadership and advocacy organization based in Denver, Colorado. FPA works with academic leaders, legislative and regulatory bodies, financial services firms and consumer interest organizations.
The organization was created in 2000 through the merger of the Institute of Certified Financial Planners (ICFP) and the International Association for Financial Planning (IAFP), Its stated Primary Aim is to be the community that fosters the value of financial planning and advances the practice and profession of financial planning. FPA is governed by a volunteer Board of Directors who are charged with helping the organization reach its mission while upholding the organization's bylaws.
FPA publishes a peer-reviewed journal in the financial planning profession, the Journal of Financial Planning.
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History
On December 12, 1969, Loren Dunton convened a gathering of 13 financial services industry leaders at the O'Hare Hilton in Chicago. As a result of this meeting, the Society for Financial Counselling [sic] was formed to serve as an umbrella for both a membership organization, the International Association for Financial Planning (IAFP), and an educational arm, the College for Financial Planning. The first graduating class of the College, in turn, formed the Institute of Certified Financial Planners (ICFP) in 1973.
On January 1, 2000, the IAFP and ICFP merged to form the Financial Planning Association (FPA).David Brand, the former executive director of the ICFP and Janet McCallen, the former executive director of the IAFP, took over as the co-CEOs of the merged organization. Brand departed at the end of 2000, leaving McCallen as sole CEO. In January 2004, McCallen was succeeded by Marv Tuttle, who served as CEO of the organization until 2012. On October 3, 2012, Marv Tuttle was succeeded by Lauren Schadle as the new CEO of the Financial Planning Association.
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FPA membership
Members are able to join "Communities of Interest" for areas of interest, organized by both type of practice, stage of career, niche, and other interests. The first FPA Community of Interest was FPA NexGen, a community for young planners under the age 36. NexGen was first created as an independent community in 2004 by Aaron Coates, Michael Kitces, Dave Demming Jr, and April Johnson, and was merged in as an FPA Community of Interest several years later.
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Financial Planning Coalition
On December 3, 2008, FPA joined forces with Certified Financial Planner Board of Standards, Inc. (CFP Board) and National Association of Personal Financial Advisors (NAPFA) to form the Financial Planning Coalition, with the goal to represent financial planners as the U.S. government works to reform the financial services industry.
Source of the article : Wikipedia
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