As he assumes his new role as 2007 President of the Financial Planning Association, Nick Nicolette already has clear ideas about what the agenda for his term will be. His firm, Sterling Wealth Management, is based in Sparta, New Jersey, but Nicolette was at FPA headquarters in Denver, his second home for the next 12 months, when he sat down for a phone conversation with Managing Editor Bob Keane in mid-December.
What does someone like you get out of participating in FPA?
In the ’90s I began service in the local chapter and I found that work personally and professionally rewarding. The more I did the more I seemed to learn. The more I gave, the more I got back. That ultimately led to me serving on the national board, which was just tremendously rewarding and challenging. It was something that seemed to feed my personal passions about really moving our profession forward and more importantly moving forward the benefits of financial planning, not only for our clients, but for everyone who needs it. It’s really been a passion and love.
How does the time that you devote to FPA affect your practice?
It is definitely a challenge, but it has not had a negative impact on our practice. One of the reasons for that is that I am blessed with partners who believe in the same things I do. All three of the principals of the firm have at one time served as president of the New Jersey chapter.
It’s got to be more demanding to head up a national organization.