Michael Branham is the 2012 president-elect of the Financial Planning Association. Branham, who serves on the FPA board, is a financial planner at Cornerstone Wealth Advisors in Edina, Minn. Among the issues he plans to tackle are the fiduciary duty, regulation and improving services for planning clients. He also wants to find ways to help young people join the industry. "We have smart, eager young people that want to become financial planners. As a profession, we must find career paths they can follow to help them and keep them engaged," he says. Branham's term will begin in 2013.

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