The Financial Planning Association, as part of a broad effort to revitalize its advocacy efforts, has named a board of directors to run its political action committee.
The PAC was inherited by the FPA when it was created from the merger of the IAFP and ICFP in 2000, but has been dormant since that time and has not actively sought donations, according to FPA spokeswoman Heather Almand. This is the first time a board of directors has been directed to run the committee for the FPA, she adds.
"We haven't really energized it until this year," she says, noting that the FPA's strategic plan calls for the expansion of its advocacy and lobbying activities.
One of the PAC board's responsibilities will be to develop a marketing plan for stimulating growth of the PAC, says FPA President James Barnash.
The board members are David B. Yeske, of Yeske and Company Inc. in San Francisco, who will serve as chairman; Robert Hoxton IV of Hoxton Financial in Shepherdstown, W.Va., who will serve as vice chairman; Neil Simon, the FPA's director of government relations, who will serve as treasurer; Charles A. Moran of Cobleskill, N.Y., and Daniel B. Moisand of Spraker, Fitzgerald, Tamayo & Moisand in Melbourne, Fla.
"FPA recognizes our responsibility to act with vision," Barnash says. "This is a major step in providing for the future of the financial planning profession and we are excited about what FPA's PAC board can accomplish."