LETTER FROM NAPFA

A Season of Focus

March brings a sharper focus to the work Fee-Only advisors do every day. Tax deadlines are approaching, regulatory expectations continue to evolve, and client conversations require both clarity and discipline. This month’s issue of NAPFA Advisor reflects that reality, bringing together perspectives on tax planning, compliance, marketing, operations, and values-based investing. 

A central theme in this month’s issue is coordination. From forecasting and safe-harbor payments to working more effectively with tax preparers and addressing long-term care funding, the emphasis is on preparation and integration. When tax awareness is embedded into the broader planning process, advisors are better positioned to reduce surprises and support informed decision-making.

We also address the current regulatory environment. Recent SEC observations related to testimonials, endorsements, and third-party ratings reinforce the importance of clear disclosures, oversight, and policies aligned with the Marketing Rule. As firms communicate their services and standards, transparency and documentation remain essential. 

Additionally, we revisit the importance of articulating the Fee-Only fiduciary model. As conversations about compensation and conflicts continue, clarity around Fee-Only and fiduciary responsibility remains central to advancing professional standards. The discussion of values-based investing adds another dimension, highlighting how alignment between client priorities and investment strategy continues to shape planning conversations. 

The Volunteer Spotlight reflects the leadership and service that contribute to NAPFA’s regional engagement and member connection.

The themes throughout this issue align with the 2025–2028 Strategic Plan priorities to Elevate the Fiduciary Standard, Ignite Connections Through Community and Engagement, and Deepen Professional Education and Learning, demonstrating how those goals are reflected in daily practice. 

Thank you for your continued commitment to your clients, your peers, and the profession.  

Warm Regards,
Spencer Bone