KPMG joins FPA troop
The advisory offshoot of professional services giant KPMG has joined the Financial Planning Association (FPA) as a principal member, an addition which chief executive Kerrie Kelly said will give “tacit support” to the industry association.
“As the benefits that arise from the practices and standards being developed by new entrants such as KPMG Private Wealth, the sector itself will evolve more quickly,” Kelly said.
“It reconfirms the positive messages of support the board and executive are getting that the Financial Planning Association strategies developed earlier this year are capable of making real change.”
Kelly described KPMG Private Wealth as “strong, professional and independent”.
The addition of KPMG as a principal member comes at a time when the industry organisation is working hard to turn around the image of the financial planning profession, including through its new code of conduct on soft dollar remuneration.
The confirmation of KPMG Private Wealth’s membership brings the total number of FPA principal members to 586.
Recommended for you
AZ NGA has partnered with an Adelaide-based accounting and financial planning practice as it expands its presence in South Australia.
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
