‘Vote yes for stronger adviser voice’: FPA chair
Financial Planning Association of Australia (FPA) chair, David Sharpe, has urged members to vote in the upcoming merger with the Association of Financial Advisers (AFA).
In a video update, Perth-based Sharpe, who took over as chair in April 2022, said benefits to the merger included stronger advocacy, effective education, embracing community, improved services and improved consumer awareness.
“A merger gives us a much stronger policy and advocacy voice to Government which is absolutely critical and, secondly, it also gives us a much stronger voice to and for consumers on the value of financial advice,” he said.
Members had received a draft summary and draft constitution late last year and there would also be a member webinar to discuss the merger on 25 January while one for AFA members would take place on 24 January.
“We don’t just want your support, we are going to need your vote.
“We want thousands and thousands of our members to vote because this will be a fundamental shift to our association.”
Voting would open in early February until 28 February and at least 75% member approval from both associations was needed for the merger to proceed.
AUTHOR
Laura Dew
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.
Just what does a "yes vote" mean? What is this stronger voice going to say?