The Certified Financial Planner Board of Standards has named Maureen Thompson vice president of public policy, assuming the duties formerly held by CFP Board veteran Marilyn Mohrman-Gillis, who stepped down as managing director, public policy and communications in January of this year to take on the newly created position as executive director of the Board’s Center for Financial Planning, founded in 2015.
Thompson, a veteran Washingon lobbyist, will report to CFP Board CEO Kevin Keller in her new role, which she assumes Jan. 2, and will become part of the Board’s Executive Leadership Team.
In a statement, Keller said Thompson “knows how to build coalitions and passionately advocate for policies that are in the public interest.” The VP of public policy’s mission, the statement read, will be to advocate the Board’s positions “before Congress, the executive branch of the federal government, state legislatures and other state governmental offices.”
Most recently Thompson founded and served as senior principal at The Hastings Group, where she exercised her government relations and coalition-building skills on topics like the Dodd-Frank Act and bankruptcy reform and helped lead the Save Our Retirement coalition that lobbied for the Department of Labor’s fiduciary rule. Previously, she was a legislative and policy advisor to the North American Securities Administrators Association.
When the DOL released its final rule last April, Mohrman-Gillis said “we must be careful” to monitor and oppose any “attempts to curtail the rule by lawsuits” and that the Financial Planning Coalition was “hopeful but vigilant” that the rule wouldn’t be forestalled in the courts or in Congress.
Presciently, at the time Mohrman-Gillis said “We may well see a lawsuit challenging the rule in the courts,” and argued that the coalition and the rule’s proponents “need to continue to advocate and educate members of Congress” on the benefits of the rule.
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