Ellen Turf, the CEO and executive director of the National Association of Personal Financial Advisors since 1999, is resigning after 20 years with the fee-only advisor organization.
Her resignation takes effect August 31, 2013. Napfa announced it will conduct a nationwide search for her replacement by a committee that was appointed when the board of directors received her resignation letter last month. Napfa has about 2,400 members.
“Napfa turns 30 in 2013 and it’s hard to believe I’ve been a part of it for more than two-thirds of the time,” Turf said. “I have great pride in the accomplishments of the organization under my tenure. To be a part of so many meaningful moments at the organization, and watch the growth of a profession I love, will have no equal in my career.”
Turf, 60, said she is resigning to spend time with her family and travel. She began her career with Napfa in 1992 on a part-time basis and worked at several positions within the organization.
“Ellen has been the bedrock of the Napfa organization for many years now. Her ability to weigh and balance the needs of the various constituents of our organization has allowed us to grow and thrive during her tenure,” said Napfa Chairwoman Lauren Locker.
“She has been a leading advocate for the fiduciary standard throughout the industry and has been tireless in promoting Napfa’s brand,” Locker added.