The Financial Planning Association announced Saturday it named Janet Stanzak its 2013 president-elect.

Stanzak's term will begin on Jan. 1, 2014, when she succeeds Michael Branham, FPA's 2013 president.

Stanzak is the principal and owner of Financial Empowerment LLC, a Bloomington, Minn., based investment advisory firm that specializes in high net worth clients and families seeking advice due to pending life transitions and planning opportunities, including retirement, divorce, and new circumstances.

Over the past 15 years, Stanzak has started and developed three financial planning firms. She has served as founder, president and governor of two registered investment advisory and financial planning firms affiliated with regional mid-size accounting firms, during which she managed portfolios with over $300 million in assets.

Stanzak has served on FPA's board of directors since 2010 and has been a member of the FPA and its predecessor organization, the International Association for Financial Planning, since 1985.

Stanzak has held numerous FPA leadership positions both locally and nationally including president of the FPA of Minnesota, director of member services and public relations committee member. She also chaired FPA committees including its strategic planning committee, its national leadership advisory group, Chapter Leaders Resource Council, FPA Chapter Leaders Conference 2008, and the 2008 FPA Communities of Interest advisory group. Stanzak served as director of IAFP Orlando from 1988 to 1990.

The Financial Planning Association is the largest membership organization for personal financial planning experts nationally and includes professionals from all backgrounds and business models.