This just in: The National Association of Personal Financial Advisors (aka NAPFA) is starting a year-long series of free webinars for consumers.
The hour-long programs cover everything from investing to insurance to kids and money.
The first one, held Aug. 7th, is “Money 101: Knowing the Basics.”
“We want attendees to take something away from the sessions that helps them tackle these issues at home. As an industry we have done a poor job of helping consumers increase their financial knowledge,” NAPFA National Chair Diahann W. Lassus, CFP®, CPA/PFS, said.
I agree. I also think the industry does a lousy job reaching lower and middle-class families. These webinars, which will be archived if you can’t listen live, are a start.
I’m sure the series is also designed to improve public relations. Can anyone say Bernie Madoff? Three former NAPFA members have also been nailed by the SEC for various wrongdoings such as accepting kickbacks for putting clients in inappropriate investments. Lassus wrote in a letter responding to the incidents that he feared that the organization was “lulled into complacency” over the years. I’m guessing the leaders did their due diligence when selecting the webinar presenters.