Dugald Mitchell OAM, a former president of the Association of Financial Advisers (AFA), has passed away at the age of 89.
Mitchell was the president of the AFA in 1987 and 1988.
He was also a long-term contributor to the organisation, having played an important role as a member of the National Education Committee and the Policy Advisory Committee.
Mitchell was awarded the Medal of the Order of Australia (OAM) in 1994 for his services to the life insurance industry and to the community.
Announcing the news of his demise, the Financial Advice Association of Australia (FAAA) wrote: “Dugald was a key player in the lobbying over FSR and CLERP 6, and helped drive advocacy campaigns with local members. Dugald was a great believer in seeking recognition of financial advice as a profession, including calling for financial advice to require a tertiary level education.”
He was also awarded the AFA Michael Murphy award in 2018, the highest distinction that can be awarded to an AFA member.
Mitchell lived most of his life in the southern NSW town of Cooma. His funeral service is to be held next week at St James Anglican Church, Boloco.
Several financial advice individuals received honours for their work in financial advice in the past. In this year’s Birthday Honours, the first under King Charles III, Queensland-based adviser Neil Kendall was awarded an OAM.
He was formerly the chair of the Financial Planning Association of Australia and chair of the global Financial Planning Standards Board (FPSB).
He currently works as a financial planner at Tupicoffs, and was one of two employees to receive an OAM. Ross McConachie, also received an OAM for “service to Australia-Japan relations and to business”. He had worked as an adviser at the Queensland firm since 2003 after more than 20 years at KPMG.
In Fortitude Valley, Queensland, Diane Jameson was awarded an OAM for service to the community. She was the founder and chief executive of Horsey Jameson Bird, a financial planner since 1996 and founding member of the Boutique Financial Planning Principals Association.
