Shannon Pike, the new president of the 24,000-member FPA, has officially assumed his post at the nonprofit, which recently began describing its role as "serving the needs of CFP professionals."
Pike, a vice president at Tanglewood Legacy Advisors in Houston, started his one-year term on Jan. 1, according to the FPA. The organization’s 14-member board of directors elected him in 2015.
The “FPA is unique in that it boasts so many communities that exist to engage and support CFP professionals across the country,” Pike said in a statement. “We have an opportunity to connect and integrate these communities [with] our content [to] drive member engagement like never before."
Although advisers are not required to obtain a CFP to join the FPA, more than half of them — 17,000 in total — have done so, according to FPA spokesman Ben Lewis.
Pike replaces last year’s president, Pamela Sandy, who is now chairwoman of the FPA’s board. Pike started as a volunteer with the FPA’s Houston chapter, where he served as membership director, president and chairman in separate stints. This year's president-elect, Frank Paré is slated to replace Pike next year.
Tanglewood provides private wealth planning, investment strategies and other services. A 20-year financial services veteran, Pike joined Tanglewood last year following two years at the Houston accounting firm Asset Management Advisors, according to his LinkedIn profile.