Kelly quits FPA for greener pastures
Kerrie Kelly has ended her involvement of just over two years with the Financial Planning Association (FPA) with the announcement of her resignation as chief executive officer (CEO).
Kelly is making the move so she can take on a new CEO role with a different organisation, yet to be confirmed.
An FPA spokesperson said that while the association’s board was disappointed about her departure, it understood her reasons for leaving.
“They’re disappointed to see her go but she is leaving for very good professional reasons. This is purely a decision Kerrie made to continue her career elsewhere. So it was strictly a professional decision,” the spokesperson said.
Kelly’s exit from the FPA comes six months before the completion of her agreed term in the position.
The hunt is now on to find a suitable replacement to fill the CEO’s role. In the meantime Kelly will continue to work with the board for the next three months.
The spokesperson said the FPA was confident Kelly’s successor could be found within this timeframe, but was not perturbed if the process ended up taking longer.
“We have structures in place to deal with the situation if we can’t find someone in three months. It all depends on the search process and if we don’t have someone by then we’ll appoint an interim CEO until the search is finalised,” he said.
In the past the FPA has appointed a CEO from within the association.
This occurred when Kelly’s predecessor Ken Breakspear was elevated to CEO having already held the roles of senior manager for professional standards and general manager for policy and professional standards with the organisation.
Recommended for you
A decade after being permanently banned from financial services, a former financial adviser will finally face court in WA following a failed bid to avoid extradition.
Adviser numbers have experienced their largest weekly loss year-to-date this week, doubling that of the previous week.
The number of advisers currently using or planning to use artificial intelligence in their practices has risen substantially to almost three-quarters of firms, according to Adviser Ratings.
Morningstar believes there is still further to run with the potential takeover of Insignia Financial even with original bidder Bain Capital walking away.