Shannon J. Pike, vice president and senior financial advisor at Asset Management Advisors in Houston, has been elected the Financial Planning Association's 2016 president-elect by the FPA Board of Directors.

The announcement will be made Tuesday at FPA BE-Boston, the annual conference being held now in Boston. Pike will serve a one-year term beginning Jan. 1 and will take over as president in 2017, succeeding 2016 FPA President Pamela Sandy.

Asset Management Advisors specializes in tax-efficient wealth management for individuals, families, trusts and foundations.

Pike was a member of the board of directors with FPA of Houston for six years, which included stints as the chapter’s membership director, president and chair. Additionally, Pike has served on several FPA national task forces including the Leadership Advisory Council, Practitioner Advisory Council and the Heart of Financial Planning Task Force. He chaired the former FPA Chapter Leadership Advisory Council in 2011.

FPA also elected three new members to its board of directors, each of whom will serve a three-year term beginning January 1.

The new board members are:

John R. (Dick) Power, principal of Power Plans in Walpole, Mass. Power is chair of the FPA Pro Bono Advisory Committee.

Michael Shockley, managing director of RGT Capital Management LTD. in Irvine, Calif., Shockley is an attorney turned financial planner who has held numerous leadership positions with the FPA of Orange County chapter, including president.

Todd Stanard, managing principal and financial planner with Lincoln Financial Advisors in Paramus, N.J. Stanard has been an active leader in the FPA of New Jersey chapter. He has held numerous positions within the chapter, including president, and currently serves on the OneFPA Advisory Group.