Window still open for FPIA
The window of opportunity for financial advisers who wish to join the Financial Planners and Investment Advisers Association (FPIA) and retain their current status is about to close, according to FPIA co-president Denys Wright.
The window of opportunity for financial advisers who wish to join the Financial Planners and Investment Advisers Association (FPIA) and retain their current status is about to close, according to FPIA co-president Denys Wright.
Members of the former organisations, the Insurance and Investment Advisers Asso-ciation (IIAA) and the Association of Investment Advisers and Financial Planners (IAFP), have until March 31 next year to join the FPIA and keep their membership status.
Wright says up to 80 per cent of members of the IIAA and the IAFP have already signed up for the FPIA but expects there are more who want to join but are yet to sign up.
“If they don’t join by March 31, 2000, they will have to join as new members and meet all the provisions required,” Wright says.
He says this may involve sitting exams to meet the educational requirements for new FPIA members.
Financial membership of the FPIA is currently about 1100, a figure that Wright says is expected to be reached by March next year. The FPIA is also hoping to present a new charter to members by April 2000.
Recommended for you
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
