The Financial Planning Association elected Richard Salmen as president for 2008, and six new members to its Board of Directors.
Salmen is currently serving as senior vice president/senior advisor with GTrust Financial Partners in Overland Park, Kan. Prior to GTrust, he held positions with Waddell & Reed, Financial Planning Concepts and Legacy Trust Company. He’s also held various volunteer leadership positions within FPA, including president of FPA of Greater Kansas City, chair of FPA’s Chapter Leadership Conference, member of the Chapter Leadership Resource Council and chair of the Membership Advisory Group.
The new board members are: Paul Auslander, Lee Baker, Stephen D. Johnson, Deena Katz, Karin Maloney Stifler and Ken Ziesenheim. Each new board member will serve a three-year term beginning January 1. View more on the newly elected board members.
In March, the FPA won a three-year ongoing suit against the SEC that said the Commission overstepped its authority when it adopted the so-called “Merrill Rule.” The rule allowed Series 7 reps to collect fees while avoiding being regulated as investment advisers under the Investment Adviser Act of 1940. Read more about the aftermath of the suit.