Breakspear named FPA chief executive
Financial Planning Association stalwart Ken Breakspear has been anointed chief executive of the association.
Financial Planning Association stalwart Ken Breakspear has been anointed chief executive of the association.
Breakspear’s appointment follows a four month hunt for a replacement for Michael McKenna who left the post suddenly in June.
Breakspear has been acting chief executive since just after McKenna’s departure. He has been with the FPA since it was created by the merger of the Australian So-ciety of Investment and Financial Advisers (ASIFA) and the International Asso-ciation of Financial Planners in 1992. He was previously executive director of ASIFA.
Prior to taking on the role of acting chief executive of the FPA, he was professional standards manager.
FPA chairman Ray Griffin says Breakspear’s appointment is the result of an exten-sive search for a new chief executive.
“Ken is recognised throughout the financial services industry as a man of great in-tegrity and insight. He has unparalleled knowledge of the industry’s past as well as its future challenges,” he says.
Recommended for you
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.
