Peter Daly has resigned from his position as chairman of the Association of Independently Owned Financial Professionals (AIOFP), effective immediately.
The resignation follows the Federal Court’s decision yesterday to place Linchpin Capital and Endeavour Securities into receivership.
Daly told Money Management he decided “it was in the best interest of AIOFP” for him to tender his resignation.
“The AIOFP is the premier body representing the Independent Market Segment and it was a privilege to serve and attempt to address members’ needs,” he said.
