New FPA board unveiled
Members of the Financial Planning Association (FPA) have appointed Sarah Brennan, Corinna Dieters and Leonie Henry to the 2004-05 board for a further two years with Colin Scully the only existing board member to miss out, losing his seat to Western Australian Godfrey Pembroke adviser Christopher Craggs.
Unsuccessful in their campaigns were Commonwealth Bank executive general manager financial planning Brett Himbury and Aon Financial Planning and Protection managing director Greg Dunger.
Also missing out was South Australian advisers John Lipkiewicz and Brian Nankivell, Rise Financial's Phillip Thompson, and Robert Taggart and Christine Bowen from New South Wales.
Victorian Peter O'Toole, Queenslander David Holloway and Western Australian Lindsay McLeod also failed to bring in the numbers in the ballot.
Outgoing FPA chair, AMP director of advice-based distribution Steve Helmich, said the election was a very competitive race, with 15 candidates vying for just four places.
“At the end of the day, it’s the members’ opinion that counts,” Helmich said.
Commenting on institutional heavyweights Dunger and Himbury missing out on a boardroom place, Helmich said: “This just proves the institutions do not and will never have control of the FPA.”
The re-elected trio and Craggs will join the existing board, which includes advisers Dominic Alafaci, Julie Berry, David Elsum, Andrew Heaven and Ray Miles. The board will be chaired by former Sydney City Councillor Kathryn Greiner, who is the first independent chair of the association.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
