NAPFA Press Release

Press Release June 2012

 

FOR IMMEDIATE RELEASE:

Contact: Philip L. Stockton
TechGen Financial
(781) 806-5453
Or phil@techgenfinancial.com

Local Financial Advisor Joins Leading Association of Fee-Only Financial Planners:
Philip L. Stockton of TechGen Financial accepted for membership in the
National Association of Personal Financial Advisors (NAPFA)

 

ARLINGTON HEIGHTS, IL – Philip L. Stockton of TechGen Financial in Sharon, MA has been accepted for membership in the NATIONAL ASSOCIATION OF PERSONAL FINANCIAL ADVISORS (NAPFA). With membership, Stockton becomes affiliated with an organization of more than 2,500 of the most-qualified financial advisors in the nation who deliver objective, Fee-Only advice.

Membership in NAPFA and the NAPFA–Registered Financial Advisor designation are available only to Fee-Only financial advisors who meet NAPFA’s stringent membership qualifications. Those standards require advisors to receive compensation only directly from their clients, to act in clients’ fiduciary interests at all times, and to provide comprehensive planning services. In addition, NAPFA has some of the industry’s most rigorous education and training requirements. All candidates for membership are required to submit a complete comprehensive financial plan for a full-scale peer review. Furthermore, NAPFA’s continuing education requirements exceed those of any other association of financial advisors.

“We welcome Phil to NAPFA,” said NAPFA Chair Susan John, a financial planner in Wolfeboro, NH. “He has demonstrated a commitment to being a client-first advisor who avoids conflicts of interest that are so prevalent in the financial services industry.”

In contrast to most financial professionals, NAPFA members receive no commissions or other rewards for selling financial products. Those forms of compensation create potential conflicts of interest that may serve to undermine an advisor’s objectivity and fiduciary responsibility. It is for this reason that all NAPFA members must sign the Fiduciary Oath that explicitly promises to “to place the clients’ interests first.”

Ms. John continued: “Our mission for nearly 30 years has been to support advisors who are dedicated to doing right for their clients. We have been leading the drive to develop financial planning as a true profession, with the same levels of qualifications and responsibilities as other respected professions, such as doctors, CPAs, and attorneys.”

For more information about Fee-Only financial planning and NAPFA, visit www.napfa.org or call toll free 1-800-366-2732. You can also contact Ben Lewis, NAPFA’s marketing and communications manager, at (301) 963-7555 or ben@bdlpr.com.

ABOUT NAPFA

Since 1983, The National Association off Personal Financial Advisors (NAPFA) has provided Fee-Only financial planners across the country with some of the strictest guidelines possible for professional competency, comprehensive financial planning, and Fee-Only compensation. With more than 2,400 members across the country, NAPFA has become the leading professional association in the United States dedicated to the advancement of Fee-Only financial planning.

For more information on NAPFA, please visit www.napfa.org.

Standard Bearer for the Profession –– Champion for the Public – Beacon for Objective Financial Advisors

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