FPA board extends chairman's term
Matthew Rowe will stay on as chairman of the Financial Planning Association (FPA) board for another two-year term until November 2014.
Rowe was first elected as chairman in 2010 when he took over from his predecessor Julie Berry, who held the office for two terms.
"I am flattered by the private words of support and encouragement received from colleagues to continue leading our committed FPA board and executive team towards the shared vision of restoring respect for professional financial planning and regaining the trust of the broader Australian community," Rowe said.
In announcing his decision to stay on for a second term, Rowe cited the "job left to do in raising the professional bar on behalf of FPA members and the Australian public".
Board members are elected by the voting members of the FPA, while chairman, executive and committee members are elected at the board level.
FPA chief executive Mark Rantall supported Rowe's decision to stay on, adding he looked forward to continuing "the strong relationship with the chair and the entire FPA board".
Recommended for you
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.
Two investment advisory research houses have announced a merger to form a combined entity under the name Delta Portfolios.
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.

