The financial planning industry has lost a transformative leader. Patrick D. Mahoney, CEO of the Financial Planning Association (FPA), passed away on Saturday after a long and courageous battle with cancer. His tenure as CEO, marked by resilience, innovation, and dedication, left a lasting impact on the FPA and the broader financial planning profession.
A Leadership Marked by Dedication and Transformation
Mahoney took the helm of the FPA as interim CEO in May 2020, following the resignation of former CEO Lauren Schadle. His official appointment came in January 2021, in the midst of a challenging period for the organization. With his extensive background as an operations executive for S&P Global, chief marketing officer for IEEE, and former president and CEO of IEEE GlobalSpec, Mahoney brought a wealth of experience to the role.
His leadership was instrumental in revitalizing the FPA. He focused on repairing relationships, strengthening the Association’s core mission, and laying the groundwork for a more dynamic and forward-thinking organization. FPA President Paul Brahim reflected on Mahoney’s impact, stating, “Patrick stepped into an organization facing internal and external challenges. He quickly focused on repairing relationships and revitalizing the Association, laying a strong foundation for the future.”
A Vision for the Future
Mahoney’s vision extended far beyond day-to-day operations. His strategic foresight led to the development of a robust plan that positioned the FPA as the leading membership organization and trade association for financial planners. Under his leadership, the FPA embraced the goal of ‘elevating the profession that transforms lives through the power of financial planning.’
His influence ensured that the Association was not only prepared for present challenges but also well-positioned for future growth and success. His commitment to the profession was evident in every initiative he undertook. As Brahim noted, “Today, we are a stronger Association, well-positioned for continuous growth and success, thanks to Patrick’s tireless efforts and advocacy for FPA and the profession.”
A Courageous Battle and Thoughtful Succession Planning
In 2022, Mahoney informed the FPA Board of Directors of his cancer diagnosis. Even as he battled the disease, he remained committed to the organization, keeping the board updated on his health while ensuring the continuity of leadership. His dedication led to the establishment of a thoughtful succession plan that appointed Dennis Moore, the FPA’s Chief Operating Officer, as his interim successor.
Moore, who has dedicated his career to advocating for the financial planning profession, joined the FPA staff in 2024. With experience as COO of a financial planning and wealth management firm, he is well-prepared to guide the Association through this transition.
The FPA Board will soon convene an executive search committee to identify its next CEO. However, Mahoney’s impact on the organization will be felt for years to come.
Honoring a Legacy
This year marks the FPA’s 25th anniversary, a milestone that will now carry an even deeper significance. As the organization celebrates its history, it will also honor the life and contributions of Patrick D. Mahoney. His work over the past five years has strengthened the Association, ensuring its continued success and relevance in the financial planning industry.
“We are now a better and stronger Association thanks to his efforts,” Brahim stated. Indeed, Mahoney’s leadership, resilience, and vision have left an indelible mark on the FPA and the financial planning community at large.
As we reflect on his contributions, we recognize the tremendous impact of his leadership and the inspiration he provided to those who had the privilege of working alongside him. The financial planning profession has lost a great leader, but his legacy will endure through the strong foundation he built for the future.
