AFA awaits Government ministry make-up
The Association of Financial Advisers (AFA) has noted the return of the Federal Coalition to government and said it would wait until the Government announced its ministry before heading to Canberra for policy discussion.
Chief executive, Brad Fox, said: "There are a number of new politicians with which the AFA will now engage alongside continuing our advocacy with Labor, the Greens, minor parties, and the independents".
Fox also urged all side of politics to prioritise the nation's needs in light of the close election results.
"Australians are looking for a clear vision of the future, well-considered policy and strong leadership. The constituents of the financial advice sector share this view."
The financial advice profession was evolving rapidly with technological change and the adoption of new standards, Fox said.
"We are a strong supporter of education and professionalism standards for financial advisers," he said.
AUTHOR
Malavika Santhebennur
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
