The Financial Planning Association (FPA) says it has formed a Member Advocacy Council to boost its role with regulatory, certification and other groups.
“FPA is an organization that represents the best the profession has to offer. Our members are passionate about their profession and need a crucial voice on issues that impact them, their businesses and their clients,” said 2016 FPA President Pamela Sandy, CFP, in a statement on Wednesday.
“The FPA Member Advocacy Council will serve as a much needed sounding board for FPA members and leaders who have concerns, suggestions and opinions on the efforts by those entities who regulate and certify them and will be instrumental in helping the association be the collective voice practitioners need,” Sandy explained.
The council will be led by Nicholas A. Nicolette, who has been a CFP professional since 1984 and served as president of the FPA in 2007. He is with the Sterling Financial Group of Sparta, New Jersey.
According to the Denver-based FPA, the council will be comprised of three past and current FPA leaders, two at-large FPA members, and a representative of the National Association of Personal Financial Advisors (NAPFA) board of directors, who will serve rotating terms. The full slate of council members is expected to be finalized in the coming weeks.
“We are grateful to Nick for agreeing to chair this important council,” Sandy said. “His ability, along with the rest of the council members, to listen to the opinions of our members and the reasoning of the regulatory and certifying bodies will result in a fair and balanced assessment that will help guide the work of our board of directors in serving FPA and the profession well.”
The new advisory council will request input from FPA members and leaders on which regulatory and certification initiatives should be most closely tracked. The council also will analyze the issues and draft FPA position statements and action plans for the FPA board of directors.
In addition, the FPA’s advocacy council will reach out to all FPA members, chapter leaders and 1,000-plus volunteers.