Denver (Nov. 24, 2003) -- The Financial Planning Association will shutter its Atlanta office by the end of 2004 and will consolidate its headquarters at its location, here.

FPA executive director Janet McCallen said that most of the Atlanta office’s 35 employees would be offered a transfer to the Denver office, where the FPA currently has 30 employees. The association will also maintain its office in Washington, which houses four staffers.

"We started looking at this because we were looking for ways to be good stewards of the association's resources," McCallen told WebCPA. "We were looking for ways to trim our costs, and it will save us a reasonable amount of money. But we also realized that because of the collaborative ways we work together, it will be beneficial to have most of our staff in one place. There's just no substitute for real-time face-to-face conversations."

McCallen said the move would save the FPA roughly $2 million over the next seven years.

The FPA has maintained dual headquarters in Denver and Atlanta since it was formed by the merger of the Atlanta-based International Association for Financial Planning and the Denver-based Institute of Certified Financial Planners in 2000.

-- Melissa Klein

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