Council seeks FPA ties
The Property Council wants to work more closely with the Financial Planning Association (FPA) as part of a move to create more interest in property investing.
The Property Council wants to work more closely with the Financial Planning Association (FPA) as part of a move to create more interest in property investing.
The council has asked Jock Rankin, Victorian executive director, to initiate the discussions due to his previous involvement with the FPA as its chief executive.
“It is a conscious decision of the Property Council to get the property sector better understood by financial planners,” Rankin says.
“A lot of members of this organisation have mums and dads who invest in property and a number of them go to financial planners.”
Rankin is approaching the FPA informally on ways of boosting planner’s knowledge of the sector.
The next stage is to make a formal approach to the FPA to develop the relationship. This could lead to both sides making presentations to their members, explaining how they could work together to increase property investment.
“Property is good value, especially considering after what has happened to the dot.com stocks,” Rankin says.
The initial thrust of the education program would concentrate on listed property trusts and overseas securitised property investments.
“We think there is a good argument for securitised property as part of a diversified portfolio,” he says.
Rankin is hoping the two organisations can work together nationally on expanding the market to the benefit of both property council and FPA members.
Recommended for you
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
ASIC has cancelled the AFSL of Sydney-based Arrumar Private after it failed to comply with the conditions of its licence.
