Fox exits AFA leadership
Brad Fox is to depart as chief executive of the Association of Financial Advisers (AFA) after four years in the role.
The AFA announced today that Fox would be succeeded by former financial adviser and former Zurich executive, Philip Kewin, “in a planned and seamless transition taking effect 20 March 2017”.
The announcement said Fox would continue to serve the AFA as a consultant in the important areas of professional standards and codes.
The organisation paid tribute to Fox’s leadership through a period of substantial change.
Recommended for you
ASIC has cancelled the AFSL of a Gold Coast advice firm, its tenth AFSL cancellation since the start of the year with the majority being advice firms.
Career changers, such as accountants and teachers, are a valuable demographic for potential advisers as industry commentators say adviser numbers are “not touching the sides” of consumer demand.
Financial advisers and wealth managers need to exceed their clients’ desires for personalisation, a new EY report writes, and the requirements for this will vary between client segments.
Betashares chief executive, Alex Vynokur, believes technology advancements will enable banks to return to financial advice in the future as the need for advice is greater than ever.
