Stewart Richardson, CFP® Joins Leading Association of Fee-Only Financial Planners

Richardson of SunRay Advisors accepted for membership in the National Association of Personal Financial Advisors (NAPFA)
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Owings Mills - Maryland - US

Dec. 20, 2012 - PRLog -- ARLINGTON HEIGHTS, IL -  Stewart L. Richardson III, CFP® ChFC®, CRPC® of SunRay Advisors in Owings Mills, MD has been accepted for membership in the NATIONAL ASSOCIATION OF PERSONAL FINANCIAL ADVISORS (NAPFA). With membership, Mr. Richardson becomes affiliated with an organization of more than 2,400 of the most-qualified financial advisors in the nation who deliver objective, Fee-Only advice, and becomes authorized to use the NAPFA-Registered Financial Advisor designation.

Membership in NAPFA and the NAPFA-Registered Financial Advisor designation are available only to Fee-Only financial advisors who meet NAPFA's stringent membership qualifications.  Those standards require advisors to receive compensation only directly from their clients, to act in clients' fiduciary interests at all times, and to provide comprehensive planning services.  In addition, NAPFA has some of the industry's most rigorous education and training requirements.  All candidates for membership are required to submit a complete comprehensive financial plan for a full-scale peer review.  Furthermore, NAPFA's continuing education requirements exceed those of any other association of financial advisors.

"I congratulate Stewart for demonstrating his intention to provide transparent, client-centered services by making a commitment to uphold the high standards NAPFA sets for all its members," said NAPFA Chair Lauren Locker.  In contrast to most financial professionals, NAPFA members receive no commissions or other rewards for selling financial products.  Those forms of compensation create potential conflicts of interest that may serve to undermine an advisor's objectivity and fiduciary responsibility.  It is for this reason that all NAPFA members must sign the Fiduciary Oath that explicitly promises to "to place the clients' interests first."

Ms. Locker continued: "NAPFA is leading the charge toward the development of a financial services community that rivals other professions in its desire and ability to foster trust by offering true fiduciary-level care to our clients.  We welcome Stewart to our ranks and look forward to his contributions to our organization."

Since 1983, The National Association of Personal Financial Advisors (NAPFA) has provided Fee-Only financial planners across the country with some of the strictest guidelines possible for professional competency, comprehensive financial planning, and Fee-Only compensation.  With more than 2,400 members across the country, NAPFA has become the leading professional association in the United States dedicated to the advancement of Fee-Only financial planning.  For more information about Fee-Only financial planning, visit or call toll free 1-800-366-2732.  You can also contact Ben Lewis, NAPFA's marketing and communications manager, at (301) 963-7555.

About SunRay Advisors
SunRay Advisors is an independent, comprehensive financial advisory firm located near Baltimore, Maryland.  It is a Fee-Only practice in that it sells no financial products, and receives no referral fees or other third-party compensation.  The firm is aligned with the non-profit group, The Alliance of Cambridge Advisors (, which is the only community of Fee-Only financial planners focused on holistic planning strategies.  For more about SunRay Advisors, visit
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Tags:Financial Planning, Napfa, Baltimore, Maryland, Fee-only
Industry:Finance, Investment
Location:Owings Mills - Maryland - United States
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