The Monetary Planning Affiliation has elected Paul Brahim, a managing director and senior vp on the Pittsburgh-based Wealth Enhancement Group, as its new president-elect for 2024. He’ll fill the function on Jan. 1, 2024, and grow to be president in 2025.
“Paul’s management has been felt in any respect ranges of the affiliation, and his ardour for monetary planning is palpable,” FPA President James Lee mentioned. “He’ll play an integral function in advancing the affiliation’s many targets, particularly for the authorized recognition of the time period monetary planner by way of title safety.”
Brahim will succeed Claudia Cypher Kane, an impartial advisor affiliated with Raymond James, as president-elect when she takes over as president of the affiliation in 2024. The announcement was made through the FPA’s annual convention held this week in Phoenix.
Brahim is at the moment wrapping up a three-year time period on the affiliation’s board of administrators. At Wealth Enhancement Group, he focuses on working with c-suite executives on retirement and succession plans, in addition to serving to them craft worker retirement and monetary wellness applications.
Brahim volunteers with a number of teams, together with the Heritage Neighborhood Initiative and the Navy Seal Basis, and graduated from Washington and Jefferson School.
“I’m grateful for this chance to make use of my case-making, consensus-building, and decision-making expertise that I’ve accrued over years of labor in monetary planning to assist our members and advance our main advocacy goal: the authorized recognition of the time period ‘monetary planner’ by way of title safety,” Brahim mentioned.
Daniel Galli will function the affiliation’s treasurer subsequent 12 months; he’s at the moment within the second 12 months of a three-year time period on the FPA Board and can head the FPA Finance Committee.
The affiliation additionally elected three new members to its board, together with Lisa A.Ok. Kirchenbauer, the founder and president of the Virginia-based Omega Wealth Administration, Celeste Revelli, the director of digital planning at Constancy Investments in Boston, and Timothy Todd, an expert of regulation and affiliate dean for college improvement and scholarship at Liberty College College of Regulation in Virginia.
In July 2022, the FPA introduced it will pursue authorized recognition of “monetary planner” by way of title safety to differentiate them from different monetary companies professionals, although in an interview with WealthManagement.com Lee confused the FPA was not attempting to trademark the time period or push solely FPA members to make use of it. (An inner survey confirmed about eight in 10 FPA members supported the title safety push.)
Shortly after this announcement, the FPA mentioned it will be leaving the Monetary Planning Coalition (consisting of the FPA, the Nationwide Affiliation of Private Monetary Advisors, and the CFP Board), partially to commit itself to advocating for title safety.
