The Financial Planning Association (FPA) and the Foundation for Financial Planning on Wednesday announced a partnership that will outsource the FPA’S pro bono outreach activities entirely to the foundation.
Previously, the pro bono activities had been jointly coordinated by the organizations for many years. Under the new arrangement, the Foundation for Financial Planning will assume the pro bono leadership role and facilitate day-to-day efforts within the FPA community. FPA’s national network of chapters will work with the foundation to reach individuals in need throughout the United States.
“One of the things I’ve taken on in the last six months is operational efficiencies,” said the Denver-based FPA’s new executive director and CEO, Lauren Schadle (left), in an interview. “Recognizing that we can’t be all things to all people, our focus needs to be on the CFP practitioner.”
Schadle, who replaced longstanding FPA CEO Marv Tuttle in October, said the board was committed to finding increased efficiencies within the FPA, which is the largest membership organization for certified financial planning professionals in the U.S.
The Foundation for Financial Planning, based in the Atlanta area, has served as the financial planning profession’s foundation since 1981, when it was known as the IAFP Foundation. It was created by the International Association of Financial Planners prior to its merger with the Institute of Certified Financial Planners in 2000 to form the FPA. The foundation is a 501(c)(3) nonprofit charitable organization.