Lauren Schadle is leaving her post as chief executive of the Financial Planning Association after nearly eight years at the helm, the organization announced Friday.
Schadle has held leadership roles with the FPA for more than 20 years, previously serving as associate executive director and chief operating officer before assuming her role as CEO in October 2012.
The association did not detail Schadle’s next career move.
The FPA has appointed Patrick Mahoney as interim CEO, effective immediately, while the association’s board of directors conduct a formal search for a permanent successor, according to a release. The FPA did not provide a timeline for the search.
While Mahoney is an outsider to the FPA, he is a seasoned consultant. Currently, he helps guide the strategic leadership behind a number of global organizations focused on market relevance, innovation and growth.
Prior to his current position, Mahoney served as chief marketing officer at the Institute of Electrical and Electronics Engineers and former president and CEO of IEEE GlobalSpec, Inc., the press release noted.
The leadership shuffles come on the heels of the FPA’s announcement last week of its revamped website and brand. On top of that, the association is working on the FPA Virtual Externship program, which “highlights the important impact FPA, and its members, have on the financial planning profession,” FPA President Martin Seay said in a statement.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
