AMP financial planner Harry Moustakas CFP has won the NSW wealth accumulation category of the Financial Planning Association’s (FPA’s) inaugural Value of Advice Awards.
Moustakas won the award, which recognises the professionalism of FPA members and the value of advice to clients, on the basis of his advice history to a single client.
He assisted the 40-year-old client increase his net worth from $60,000 to $304,000 over the past eight years, using a savings and investment plan.
It included the purchase of an investment property, establishment of a gearing strategy, and also provided funding for the client while he was between jobs.
The state and national judges assessed entries on various criteria, including the difference in the client’s situation as a result of the advice in comparison to receiving no advice.
Other criteria included how well the planner understood their clients’ needs and goals; how well they explained the options available to them; and the extent of their follow-up and review of the financial plan.
Moustakas will receive his award at a presentation to be held by the Sydney Chapter of the FPA today (September 4).
Full details of the national and state winners in each category of the awards are available at www.fpa.asn.au/FPA_LatestNews.aspx?EventGroup=1&EventItem=22.
