Home
Our Approach
What is NAPFA?
Our Services
Who We Are
Client Page
Important Forms
Contact Us
Regulatory Update
Financial Guides
Career Opportunities
Calendar Of Events
Recent Events

What is NAPFA?

What Is NAPFA?
 
The founding principals of Lighthouse Financial Planning are members of the National Association of Personal Financial Advisors www.napfa.org  NAPFA is the nation’s leading organization of Fee-Only comprehensive financial planning professionals.
 
Fee-Only financial planning means that NAPFA members are compensated solely by their clients, and do not accept commissions or compensation of any kind based on the products that they recommend. With a NAPFA-Registered Financial Advisor, you are guaranteed complete disclosure of all fees, prior to your engagement. There's no better way to be confident that your advisor is working solely in your interest.
 
NAPFA members operate under a strict code of ethics and a fiduciary oath unlike that found anywhere else in the industry.  NAPFA members are trusted, objective financial advisors for consumers and institutions alike.
 
What is the NAPFA Fiduciary Oath?
 
Each NAPFA member takes a fiduciary oath to formalize the ethical commitment made to the client and client relationship. Important parts of the oath include:
  • "I shall always act in good faith and with candor.” The advisor continuously exercises his/her best efforts to act in good faith and in the best interests of the client.
  • “I shall be proactive in my disclosure of any conflicts of interest that may impact the client.” The advisor provides complete written disclosure to the client prior to the engagement and thereafter throughout the term of the engagement, of any conflicts of interest, which will or reasonably may compromise the impartiality or independence of the advisor.
  • “I shall not accept any referral fees or compensation that is contingent upon the purchase or sale of a financial product.” The advisor, or any party in which the advisor has a financial interest, does not receive any compensation or other remuneration that is contingent on any client's purchase or sale of a financial product, nor from referral of a client or the client's business.
©2010 Lighthouse Financial Planning, LLC -A Fee-Only Firm. All rights reserved.