One of the nation's largest financial planning schools has a new chairwoman -- and for the first time, it's a banking industry veteran.

The American College of Financial Services announced Monday that Linda S. Need from Wells Fargo Advisors has been named chairwoman of the school's board of trustees. Need, a Certified Financial Planner, is senior vice president and managing director of life insurance for Wells Fargo Advisors. She also heads the national life insurance practice for Wells Fargo Insurance Services USA.

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