FPA members on the steps of Congress.

The Financial Planning Association said Wednesday its board of directors elected Frank Paré as the 2017 president, serving a one-year term.

Paré, whose term will begin on Jan. 1, will succeed incoming 2017 FPA President Shannon J. Pike.

A 25-year financial services veteran, Paré is president of PF Wealth Management Group, LLC in Oakland, Calif.—an independent boutique practice specializing in financial planning for families and small businesses.

Before launching PF Wealth Management, Paré worked for Loring Ward and Charles Schwab & Company.

He has spent the past five years as an instructor in the Personal Financial Planning Program at the University of California at Berkeley, and he has also served on the university’s Personal Financial Planning Board. Paré is a recipient of the 2011 FPA Heart of Financial Planning Award and the 2012 FPA Leadership in Action Award.

FPA also announced five new members to its board of directors, which is responsible for setting FPA’s vision and strategic direction.

The new board members are:

• Molly Balunek, founder and president of Laurel Tree Advisors in Cleveland.

• Ann Reilly Dowd, vice president and chief editor at Fidelity in Boston.

• D. Tony Mahabir, CEO of Canfin Investment Group in Ontario, Canada.

• Albert G. “Skip” Schweiss, managing director of TD Ameritrade Institutional in Denver.

• Martin Seay, assistant professor of Personal Financial Planning at Kansas State University in Manhattan, Kansas.

Each new board member will serve a three-year term beginning Jan. 1. The 2017 board will be comprised of 14 total members, which includes the five newly elected members and FPA Executive Director and CEO Lauren Schadle.