New manager to boost FPA membership
In a push to increase its professional membership, the Financial Planning Association (FPA) has recruited NAB Wealth executive Tom Reddacliff to the newly created role of member growth and marketing, general manager.
Reddacliff, who is currently NAB Wealth customer retention and mature products general manager, will be tasked with growing the FPA's professional member numbers and building public awareness about the benefits of financial advice.
FPA chief executive Mark Rantall said Reddacliff would "primarily focus on working with professional practices, FPA partners and members to further embed the role of professionalism and certification in the financial planning sector".
Rantall also said Reddacliff would be involved in building consumer education via links to planners and licensees, and by providing information about finding and choosing appropriate financial advice.
"The timing for Tom's appointment is significant. The combination of consumer demand, regulatory shifts and the FPA's unique certification and professional framework provides a springboard to truly consolidate professionalism in financial planning," Rantall said.
Reddacliff has been with NAB Wealth for a year. Prior to that headed MLC Advice Solutions for 16 months, and before that was head of Godfrey Pembroke - a position once held by Rantall - for four years.
Recommended for you
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.

