BOSTON -- The Financial Planning Association's board of directors chose a new president-elect and three new board members, as it continues its support for the Labor Dept.'s proposed fiduciary rule, with certain changes.

Shannon Pike, a senior financial advisor at Asset Management Advisors in Houston, was chosen on Friday as the board's president-elect, and will take office on January 1, 2016. He will succeed Pamela Sandy, who is set to become the president of the overall association.

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