National Association of Personal Financial Advisors information
American financial planning trade organization
National Association of Personal Financial Advisors
Formation
1983
Type
Financial planning, trade organization
Location
United States
Official language
English
Website
napfa.org
National Association of Personal Financial Advisors (NAPFA) is an American financial planning trade organization created in 1983 to expand the use of fee-only financial advisors by individual consumers. NAPFA established the first set of professional standards for fee-only financial advisors and has updated them to reflect changes in industry practices.
NAPFA members are distinguished from other financial professionals in several ways.
Adherence to a fee-only standard is strict: NAPFA members cannot accept compensation in any form from any source other than their clients. There are no exceptions. NAPFA believes that this minimizes potential conflict of interest between a financial planner and their clients.
The fiduciary relationship requires that members always put their clients' interests before their own and that they disclose any potential conflict of interest prior to the client making a decision. This fiduciary standard is in direct opposition to the fiduciary standard by which stockbrokers are held, a standard under which their legal responsibility is to their employer ahead of their client.
NAPFA is the only financial planning organization to require a peer review of a candidate member's work output prior to granting membership.
Peer review ensures that a NAPFA member has the ability to provide comprehensive financial planning across a wide range of potential client needs—investments, taxes, estate planning, college savings, insurance, long-term care insurance, retirement spending, and more.
All new members since 2012 must have the Certified Financial Planner designation.
NAPFA has the highest continuing education requirement in the industry, with 60 credit hours required every two years.
The combination of strict fee-only rules and a peer review have kept NAPFA's membership small compared to other professional financial planning organizations. As of December 1, 2018, NAPFA had approximately 3,500 members.[1]
^NAPFA - What Is NAPFA?
and 28 Related for: National Association of Personal Financial Advisors information
meanings: NationalAssociationofPersonalFinancialAdvisors, an American organization created to aid the field of fee-only financial planning National Physical...
Personal Capital is an online financialadvisor and personal wealth management company headquartered in Redwood Shores, CA with offices in San Francisco...
A financial planner or personalfinancial planner is a qualified financialadvisor. Practicing in full service personal finance, they advise clients on...
National AssociationofPersonalFinancialAdvisors (NAPFA) registered investment advisor and one of Paladin Registry's Five-Star rated advisors Born Francis...
offer investment management, financial advice and financial planning through a national network of independent financialadvisors. In 1998, Securities America...
account various financial risks and future life events. When planning personal finances, the individual would take into account the suitability of various banking...
Retrieved February 16, 2021. "Age Band Rating (ACA)". NationalAssociationofPersonalFinancialAdvisors. Archived from the original on September 24, 2016...
institutional customers. UMB Bank, NationalAssociation UMB Bank & Trust, NationalAssociation UMB Distribution Services, LLC UMB Financial Services, Inc. Marquette...
Investment Advisers Act of 1940 when providing investment advice to clients. This requires the dually registered FinancialAdvisors recommending a security...
of broker, and some government-sponsored enterprise. Financial services include accountancy, investment banking, investment management, and personal asset...
the CFTC's oversight of such advisors and authorized the National Futures Association (NFA) to carry out processing of registration for entities including...
was introduced in 1976. In its 2012 Advisors' Report Card, Investment Executive found that 12.3% offinancialadvisors overall held the CIM, 10.3% held the...
American financialadvisor, author, and podcast host. In 1987, she founded the Suze Orman Financial Group. Her work as a financialadvisor gained notability...
American financial analyst and investor known for his posts on the subreddit r/wallstreetbets. His analyses of GameStop stock (NYSE: GME) and details of his...
strength of the company as of March 31, 2013 was 1,389. Established in 2016, HDFC Capital Advisors is a private equity real estate firm. As of April 2023...
member of a stock exchange. They generally act as a financialadvisor and investment manager. In this case they may also be licensed as a financial adviser...
Annuity Certified Professional (LACP), from the National Associationof Insurance and FinancialAdvisors (NAIFA) Chartered Alternative Investment Analyst Certified...
Retrieved 8 May 2024. "HDB Financial Services Limited". CRISIL. Retrieved 8 May 2024. "HDFC divests 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr"...
Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector...
the Association for Investment Management and Research, or AIMR) to investment and financial professionals. The program teaches a wide range of subjects...
co-chairman of Bain Capital, and co-owner of the Boston Celtics of the National Basketball Association (NBA) and Atalanta of Italian Serie A association football...
Independent Advisors 2012 (#2 Nationally) Barron’s Top FinancialAdvisors 2012 – State by State (#1 in California) Barron’s Top Independent FinancialAdvisors 2011...
network of TD branches and ATMs in Canada, the bank has a network of mobile mortgage specialists, financial planners, private bankers, investment advisors, and...
The Personal Economical Insurance Foresters Financial Canada Protection Plan Empire Life Equitable Life of Canada Federated Insurance Company of Canada...
Clients are served by teams ofadvisors offering a range offinancial services, including investment management, financial and succession planning, philanthropic...
Global Information