Steve Holdsworth was having dinner with his wife Wendy in Boston during FPA Boston 2008 when he presented her with a problem: How does one come up with an acronym for "mid-profession and career transition planners" within the Financial Planning Association? It is not, after all, a phrase that exactly rolls off the tongue. But without hesitation, before the clam chowder was even served, Wendy Holdsworth replied, "M-P-A-C-T." And with that, a new community had a name.

MPACT was developed to serve mid-professionals and those who are in career transition. In order to join MPACT the advisor must be a manager, partner or founder in a financial planning firm. He or she should have served five years in a leadership role or have 10 years of full-time experience in the financial planning industry without leadership experience. Just as important, members should be passionate about the value and benefits of the financial planning process. Championing the transference of responsibility from the founders and leaders of the profession to the next generation is one of the core missions of the group.

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