NAPFA (National Association of Personal Financial Advisors)
NAPFA, the leading organization for comprehensive Fee-Only financial advisors, means that the clients pay for advice - without concern for conflict-inducing commissions, or other incentives for selling financial products. In addition to tough standards on client-friendly compensation, NAPFA has other high standards. To become a member of NAPFA, a Fee-Only financial advisor is required to submit a comprehensive financial plan for a full-scale peer review. Each year upon renewal, a NAPFA member must satisfy the highest continuing education standards imposed by any financial advisor trade group and sign the Fiduciary Oath agreeing to place the clients’ interest fist.
NAPFA’s Chairman stated:
“NAPFA membership is often cited in the national press as the most difficult to attain. Membership denotes a real accomplishment for any financial advisor. Unlike most financial planners, NAPFA members don’t sell products, nor do they direct sales to parties with whom they have a financial interest. Instead, their sole focus is on recommending those investments and financial strategies that are best suited to each individual client. NAPFA's Mission is to promote the public interest by advancing the profession of financial planning based upon all our core values, thereby improving the quality of clients’ lives.”
William T Heidig is a NAPFA-Registered Financial Advisor, and considers NAPFA an important contributor to FiscalWise, and to the financial advisory profession in general. He served a four year term as the NAPFA study group leader, and has been a conference speaker and educator for the organization.
Click here to see Wiliam T Heidig's profile on the NAPFA site.