The Financial Planning Association (FPA®) Board of Directors recently approved changes to its membership structure, most notable of which is an increase of up to $100 in membership dues. The changes become effective on June 1, 2008.
Currently there are two main categories of FPA membership; Individual members and Institutional members. The Individual member category includes three segments:
- Financial Planner Members (CFP® certificants or former IAFP members)
- Members (individuals demonstrating a professional interest in financial planning)
- Students (individuals enrolled in a CFP Board-registered program)
Dues for the individual members currently range from $145/year for Students to $295/year for Members and Financial Planning Members.
When the changes take effect in June, FPA membership will increase to 10 segments, ranging from students enrolled in a finance/business degree program (dues of $35/year) up to the full-benefit financial planner member (dues of $395/year).
The complete listing of membership segments can be viewed on the FPA website by clicking the following link: http://fpanet.org/member/membership/benefits/matrix.cfm
The last significant increase in membership dues was in 2001. In addition, FPA membership is scheduled to include more free Virtual Learning Center webinars (selected by the FPA).
