CFP ranks continue to grow



|
The Financial Planning Association (FPA) has announced there will be an additional 122 financial planners accredited as Certified Financial Planners (CFP’s) following recent final examinations.
The CPF is accredited by the Financial Planning Standards Board.
FPA chief executive Jo-Anne Bloch said “these new graduands will join 118,000 CFP professionals in 23 countries around the world who have completed rigorous ethics, education, experience and examination requirements”.
The graduands came from various states, with NSW holding the highest number at 48, an FPA statement said.
It said 54 per cent of the new graduands are aged between 25 and 35.
The FPA recently released its Education Expectations Consultation paper, which called for all financial planners to be tertiary qualified as a minimum entry requirement. CFP professionals must have a tertiary qualification to complete the CFP program.
Recommended for you
ASIC commissioner Alan Kirkland has detailed the regulator’s intentions to conduct surveillance on licensees and advisers who are recommending managed accounts, noting a review is “warranted and timely” given the sector’s growth.
AMP and HUB24 have shared the areas where they are seeking future adviser growth, with HUB24 targeting adding more than 2,000 advisers to the platform.
Bravura Solutions has appointed a new chair and deputy chair to take over from departing Matthew Quinn, while Shezad Okhai picks up another responsibility.
Two advisers say M&A is becoming a “contact sport” as competition heats up to acquire attractive advice firms, while a lack of new entrants creates roadblocks in organic growth opportunities.