FPA issues how-to-vote card
The Financial Planning Association (FPA) has distributed a how-to-vote card to members urging them to vote ‘yes’ to measures to transform the body into a professional association.
FPA chief executive Mark Rantall used a short address to a Sydney chapter FPA lunch on Monday to encourage those present to support the proposals, saying “there is no plan B”.
The how-to-vote cards urge FPA members to “get the professional recognition you deserve” and says the FPA has listened to members and that they will have from 14 March to 7 April to have “a once-in-a-generation opportunity to vote ‘YES’ for your professional recognition”.
It said that as one of the FPA’s 8,500 principal and practitioner members, their vote could “transform the FPA into an association where membership is restricted to individual practitioners only”.
The how-to-vote card then asks members to vote yes to restricting voting membership of the FPA to two categories of practitioner and member (ie, CFP or Associate Financial Planners).
It asks them to vote ‘yes’ to discontinuing the Principal Member category of membership and to also vote ‘yes’ for replacing the current General Member category with an Affiliate category.
Recommended for you
As the financial advice industry looks to embrace career changers, Money Management speaks to a former teacher and international development worker who took the leap into advice.
A Federal Court ruling on whether licensees need to ‘take all reasonable steps’ regarding conflicted remuneration could extend to other parts of the advice process, according to law firm Hall & Wilcox.
Young investors aged under 40 are more than twice as likely to measure the value of their financial adviser based on progress towards their goals, Dimensional research uncovers.
A new financial advice business, licensed by Centrepoint Alliance, has recently commenced operations servicing HNW clients including retiring Baby Boomers and single women.