NAPFA Chief Executive to Step Down

Ellen Turf, chief executive of the National Association of Personal Financial Advisors (NAPFA), said she will leave the organization in August 2013.

Turf, also executive director, said in a letter in October that her decision to leave is part of a plan she and her husband made with the help of their financial planner. She plans to enjoy time with her husband, travel and spend time with the couple’s grandchildren.

The board will conduct a national search for the next CEO/executive director spearheaded by a search committee that was formed after receiving Turf’s letter.

Turf was named to NAPFA’s top position in January 1999. She began her career with the organization in 1992 when she joined NAPFA on a part-time basis. Shortly thereafter, part-time became full-time and over the years, Turf held virtually every position and spearheaded growth within the organization.

“NAPFA turns 30 in 2013, and it’s hard to believe I’ve been a part of it for more than two-thirds of the time,” Turf said. “I have great pride in the accomplishments of the organization under my tenure. To be a part of so many meaningful moments at the organization, and watch the growth of a profession I love, will have no equal in my career.”

“Ellen has been the bedrock of the NAPFA organization for many years now,” NAPFA Chair Lauren Locker said in a statement. “Her ability to weigh and balance the needs of the various constituents of our organization has allowed us to grow and thrive during her tenure. She has been a leading advocate for the fiduciary standard throughout the industry and has been tireless in promoting NAPFA’s brand. Our members will sorely miss her enthusiasm, graciousness and benevolence.”