Financial planning has continued its boom run, with the latest figures from the Financial Planning Association (FPA) suggesting the sector has grown 20 per cent in the past 18 months.
FPA chairman Wes McMaster says the association’s membership has risen to just below the 10,000 mark, including about 3000 practitioner members.
He says FPA members advise on more than $118 billion in investment funds for more than 3.7 million Australians.
Latest figures from the FPA also that suggest professional accreditation is on the rise. According to the figures, there are 1557 practitioner members who currently hold the Certified Financial Planner (CFP) designation. That figure is expected to increase to 3000 by the end of the year.
