Godfrey to chair FPA
Godfrey Pembroke founder and respected industry figure John Godfrey will chair the FPA when John Hewison steps down in November.
Godfrey joined the FPA board on Wednesday as its second external director after a board resolution last year that a second external director should be recruited.
FPA chairman John Hewison described Godfrey as “the founder of the Australian financial planning industry”.
“It is a sign of the growing maturity of the association, and the industry as a whole, that the board was prepared to think laterally and make decisions based on the best interests of the FPA and the board’s future operation,” he said.
Godfrey is perhaps best known as the driving force behind the respected Godfrey Pembroke financial planning network that was sold to MLC two years ago. He is currently also chairman of a number of other groups, including the NZ based Tower financial planning subsidiary Goldridge. He was honoured with life membership to the FPA in 1998.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.