SAFAA drops ‘financial adviser’ name
The Stockbrokers and Financial Advisers Association has rebranded as the Stockbrokers and Investment Advisers Association (SIAA).
The organisation said this reflected the breadth of its membership’s roles and responsibility given not all members provided financial advice.
It also distinguished members from other types of financial advice providers and focused on the interest of investors.
Brian Sheahan, chairman of SIAA, said: “Our name change clarifies who our members are and proudly encapsulates the value our members add to the community of investors, businesses seeking capital and, ultimately, the economy.
“The tagline accompanying our new name — ‘Serving the interests of investors’ — captures the fiduciary relationship our members have with investors,” he noted.
SIAA chief executive, Judith Fox, added: “The name change allows for recognition that different forms of financial advice provide different services to clients, according to their needs.”
“This clarification is helpful to the community when thinking about how to generate wealth over the long term by investing in equity and debt markets.”
AUTHOR
Laura Dew
Recommended for you
A NSW adviser who advised over 120 clients after falsifying her financial advice exam results been permanently banned by ASIC.
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure earlier this year.
Sharing his reasoning in joining the FSC board, WT Financial managing director, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
