The Financial Planning Association has mapped out the next steps in its leadership succession plan as it announces the next person in line to lead it as president in the next couple of years.
Daniel Galli has been elected as the 2025 president-elect of the Financial Planning Association, the membership organization and trade association for CFP professionals announced.
His term will begin on January 1, 2025, and he will succeed incoming president Paul Brahim, who was voted in September last year.
Galli, the founder of Daniel J. Galli & Associates based in Norwell, Massachusetts, is completing a three-year term on the association’s Board of Directors and currently serves as its treasurer. Galli's practice primarily focuses on retirement planning for professionals, business owners, and teachers. His background as a public school teacher has influenced his approach, with a focus on educating the next generation of financial planners through guest lectures at Boston-area universities.
“I am honored and humbled to have been chosen to help lead FPA into the future,” Galli said in a statement Wednesday. “Through our members and chapters, we represent the financial planning profession to the public and help define the unique features and benefits of financial planning.”
Galli has been an active volunteer with the Financial Planning Association of New England, serving on several committees and the chapter's board, where he held the role of president for two years. In 2017, he was named the chapter's Financial Planner of the Year.
The association also announced Russell Clifford will serve as the 2025 treasurer.
In addition, four new members were elected to the Board of Directors for three-year terms beginning in 2025 – Crystal Alford-Cooper, Mychal Eagleson, Jack Heintzelman, and Juan HernandezAriano – along with returning member Jason Kley.
“These volunteer leaders have had a tremendous impact on FPA and within their communities,” said Claudia Kane, the 2024 president of the association.
The board will consist of 12 members, including the newly elected members and chief executive officer Patrick Mahoney.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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
