History of NAPFA
Since 1983, consumers across the country have looked to NAPFA for access to financial professionals who meet the highest membership standards for professional competency, client-focused financial planning, and Fee-Only compensation.
It all began at a Society of Independent Financial Advisors meeting in 1982 in Atlanta. These independent-minded advisors did not even have a name for what they were doing, but they knew that accepting commissions for the sales of financial products was putting them in direct conflict with the best interests of their clients. How could they serve the client first yet have their compensation vary by what they sold to the client?
These planners began to exchange ideas about how to provide high-quality, long-term financial planning and access to a full range of investment and insurance products—but without the influence of commissions. In February 1983 NAPFA was born, as several leaders of this new “Fee-Only” planning model organized a meeting in Atlanta. More than 125 people responded to their general invitation to anyone interested in starting a Fee-Only financial planning practice.
Since then, NAPFA has expanded to more than 1,700 NAPFA-Registered Financial Advisors and hundreds of Student, Academic, and Financial Services Affiliates nationwide and each year we choose a select few to honor with NAPFA Awards. Certainly, the Power of Trust is working as our numbers grow, the media repeatedly turns to us as a trusted source and consumers understand that NAPFA is recognized as an unquestioned leader in the industry.