Claude Santucci steps down as BFPPG president
Claude Santucci has stepped down as president of the Boutique Financial Planning Principals Group (BFPPG) to take on a supporting administrative role.
Making the announcement at BFPPG's annual conference, Santucci said that after five years leading the group, it was "timely and appropriate that we introduce new ideas and a fresh outlook".
As part of the announcement, BFPPG members and executives appointed former secretary treasurer Wayne Roggero as president and agreed to simplify the association's name to Boutique Financial Planners (BFP).
Santucci said that with financial services reforms underway, there was a danger that financial planning would be diverted from professionalism to sales distribution without a strong privately-owned sector.
"There is still a lot work to be done to ensure that those receiving financial planning advice clearly understand who else may benefit from the advice," he said.
Roggero said he would be continuing on the path that had been set by Santucci, with a particular focus on growing the association's membership.
He said the challenge for small licensees was to have a "united voice to communicate with Government and other parts of the financial services industry".
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