SAN FRANCISCO – Nov. 9, 2021 – SoFi (NASDAQ: SOFI), a leading next-generation financial services platform, and the Financial Planning Association® (FPA®) – the leading professional membership association for Certified Financial Planner™ professionals – today announced the launch of a strategic partnership between the two organizations designed to benefit nearly 19,000 FPA financial planning practitioner members and the clients they serve.
The partnership will provide FPA members with preferred rates and exclusive access to a suite of financial solutions, services, and educational resources that will they’re able to tap into to better support the hundreds of thousands of consumers the organization’s members are already guiding on their path to financial independence. This joint initiative led by SoFi and FPA marks SoFi’s first external foray into the financial planning industry at a time when a record-breaking number of consumers are seeking professional financial advice1.
“Making progress in personal finance doesn’t have to mean navigating that journey alone – at SoFi, we’ve always seen tremendous value in the financial advisor community, which is why access to complimentary financial planning services has been a member benefit since day one,” said SoFi CEO, Anthony Noto. “Our partnership with FPA is an expansion of that trust and is rooted in a shared commitment to helping people get their money right on their financial journey. This means equipping the professional community that serves consumers with the financial solutions and services their clients can benefit from so that all advisors – regardless of firm size – have access to the tools they need to help their clients achieve financial independence and realize their ambitions.”
“Financial planners are on the front lines of helping American families safeguard their financial well-being. That means they require access to the necessary tools that help them serve the needs of their clients – like those offered by SoFi,” says Patrick D. Mahoney, FPA chief executive officer. “We’re thrilled to have this opportunity to partner with SoFi to bring a variety of financial solutions to our members – and to our members’ clients.”
For more information on SoFi’s partnership with FPA visit the FPA Marketplace.
1Northwestern Mutual, After a Year of Uncertainty the Value of Professional Financial Advice Goes Up, July 2021