Convention opens with razzamatazz
The 1999 FPA convention has opened in a blaze of nationalism in Sydney.
The 1999 FPA convention has opened in a blaze of nationalism in Sydney.
Known widely as the Financial Planning Association’s moment of razzamatazz for the year, the opening ceremony included three performers and the Australian Youth Choir belting out renditions of Advance Australia Fair, Waltzing Matilda, I Love a Sunburnt Country and I Still Call Australia Home.
Included in the show were some of the more bizarre elements that often characterise the FPA convention openings of the past. This year the 2600 delegates witnessed a trio of performers on stilts with representations of the Sydney landmarks plastered to their heads.
On a more serious note, incumbent FPA chair Wes McMaster handed over the helm to Ray Griffin.
McMaster told delegates he was “proud” of his time in the top job at the FPA, citing the boom in financial planners achieving Certified Financial Planner status plus the continued growth in members, which is now averaging more than 20 per cent a year.
“But the greatest achievement the FPA has made in the past eight years is that we have positioned our members as professionals,” he said.
He said FPA members looked after $118 billion for more than 3.7 million Australian customers.
Recommended for you
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?