The Certified Financial Planner Board of Standards’ board said Tuesday that Jack Brod had been voted 2019 Chair-elect.
Brod, who has served on CFP Board’s board of directors since 2017, is retired from a senior executive role at Vanguard, and now teaches, consults, mentors and is a member of Savant Capital Management’s board. He also advises financial technology companies.
“With the revised Code of Ethics and Standards of Conduct due to take effect toward the end of next year, this is a pivotal time for CFP professionals and the entire profession,” Brod said in a statement.
CFP Board is “now setting the bar even higher with the requirement that all CFP professionals be held to a fiduciary standard when providing financial advice. The public can be confident that working with a CFP professional on a financial plan and providing advice will help them prepare for both their present and future financial situation.”
Brod began his career as a financial planner in the late 1980s, becoming a regional leader of Price Waterhouse’s RIA executive wealth advisory practice.
He joined Vanguard in 1995 and launched the company’s first advice offering for high-net-worth retail clients, ultimately leading a $20 billion wealth advisory business. He later led the company’s corporate strategy group, and spearheaded a major investment and business transformation in Vanguard’s Financial Advisor Services division, helping to grow the business from $300 billion to over $1.2 trillion.
Prior to retiring, he served as head of Vanguard’s U.S. Sales and Distribution to RIAs, broker-dealers and banks.
He graduated from the University of Florida and the Harvard Business School Advanced Management Program.
“Jack is a proven leader whose deep knowledge and passion for the financial planning profession have greatly contributed to the work of the Board over the last year,” said Board of Directors Chair Richard Salmen. “He is an excellent choice to lead the board of directors in 2020.”
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