FPA re-elects Board members
TheFinancial Planning Association(FPA) has re-signed a number of board members up for re-election after serving their two year terms.
Voted back into the association’s folds by its members was well known AMP distribution head Steve Helmich, who remains the representative for FPA principal members with more than 50 authorised representatives.
Respected financial planner Ian Heraud was also re-elected at the recent Board election, and will continue his position as representative of FPA principal members with less than 50 authorised representatives.
Also ending their current terms and up for re-election was the board representatives of FPA Practioner members, Paul Brady (New South Wales) and Nick Bruining (Western Australia). Both were re-appointed for another two years.
FPA chief executive officer Ken Breakspear says there was a competitive election ballot for the different board positions.
“There were a number of candidates putting up their hands for the practitioner representative, there were about eight candidates,” he says.
Breakspear says the re-election of the board members by the Association’s members is an expression of confidence, and will bring continuity and familiarity.
“There will be continuity and familiarity with board members, and the strategic direction the FPA is going,” he says.
FPA board members serve a two-year term and can then be re-nominated for a second two-year term. Working on this two year cycle, a further four board members will be up for re-election next year.
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
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.
