Ampfp merges with Hillross Advisers Association



The AMP Financial Planners Association (ampfpa) has merged with the Hillross Advisers Association to form a new entity.
The merger, voted on by members of both groups, will see the new entity operating as The Advisers Association and headed by Neil Macdonald who has been heading up the ampfpa.
The merger has occurred at the same time as planners continue to wrestle with AMP Limited over the future of the organisation.
Macdonald said the new association would continue an over 95-year history of representing members and supporting them as they helped clients.
“It will also give them a voice in these challenging times,” he said.
Recommended for you
ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice.
The number of active advisers on the HUB24 platform has risen to more than 5,200, helping it see quarterly inflows of $5.2 billion.
ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments.
CFS has formed a strategic partnership with the University of Sydney to support the responsible development of AI solutions in the wealth management sector.