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FPA backs away from controversial plan to merge chapters

The Financial Planning Association is backing away from a controversial proposal to change the structure of its local chapters nationwide, after facing heat from members who felt the shift amounted to a power grab.

 

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The trade group for financial planners, which has 23,000 members, last year proposed to overhaul its organizational structure in a sweeping plan called the OneFPA Network. As part of that plan, the F PA proposed merging its 86 local chapters — which are separately incorporated, nonprofit entities — into one national unit