The principal membership organization and trade association for certified financial planners has a new president-elect and treasurer for the coming year. The Financial Planning Association announced Wednesday that its board elected Paul Brahim as 2024 president-elect. Brahim’s one-year term is slated to start Jan. 1.
Brahim, managing director and senior vice president at Wealth Enhancement Group, is completing a three-year term on the FPA board and will succeed Claudia Cypher Kane, the incoming 2024 FPA president.
“Paul Brahim has honorably served our profession for many years and in several capacities — nationally and through FPA of Pittsburgh, his home chapter,” James Lee, the FPA's 2023 president, said in a statement. “Paul’s leadership has been felt at all levels of the association, and his passion for financial planning is palpable. He will play an integral role in advancing the association’s many objectives, especially for the legal recognition of the term financial planner through title protection.”
Aside from his duties at Wealth Enhancement Group and the FPA, Brahim works with several organizations, including the Heritage Community Initiative and the Navy Seal Foundation. Brahim earned a bachelor’s degree from Washington and Jefferson College.
"I am grateful for this opportunity to use my case-making, consensus-building, and decision-making skills that I have accrued over years of work in financial planning to support our members and advance our primary advocacy objective: the legal recognition of the term 'financial planner' through title protection," Brahim in the statement. “I love the financial planning profession and, in partnership with the entire Board and staff, will harness our collective desire and skill to advance it as a distinct, true, and legally recognized profession."
The FPA board also selected Daniel Galli, a board member for the past two years, to serve as the 2024 treasurer. Galli will complete his third year of board service in the coming year and will also serve as the volunteer leader of the FPA Finance Committee.
IRAs now hold nearly twice the assets of 401(k) plans — and most of that money didn't arrive through annual contributions.
A new survey finds that many women prioritize financial security but continue to leave savings in accounts that may not keep pace with inflation.
Roundhill, Bitwise and GraniteShares funds remain on hold while the agency weighs how novel ETFs should be regulated.
"Shares of alternative assets managers have lagged this year as investors grow wary of private-credit exposure."
The fintech platform is touting a new AI-free Planning Observations feature, which draws on IRS tax records to uncover opportunities for advisors.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
