The National Association of Insurance and Financial Advisors has shelved the idea of letting members decide whether to join local NAIFA chapters.
In January, leaders of NAIFA, Falls Church, Va., proposed streamlining the organization by permitting members to opt out of local chapters. The members would have still had to join their state chapters.
NAIFA President John Davidson now says the NAIFA board has voted unanimously to withdraw the local-group-optional proposal.