AFA and Zurich revamp Adviser Award
The Association of Financial Advisers (AFA) and award partner Zurich have announced the best individual adviser and best advice practice will now be separately recognised in the adviser of the year award program.
The changing financial advisory landscape and the evolution of new business models had prompted a review of the existing award methodology, which led to the inaugural advice practice of the year award being launched, AFA chief executive Brad Fox said.
The award program will now assess and acknowledge the best individual adviser and the best advice practice as separate awards to recognise the changed dynamic in advice practices since the original adviser of the year award was established by the AFA and Zurich in 2003.
"One of the big changes we have seen in recent years is the growth in new business models, with the principals of many successful and innovative advice practices no longer being client facing advisers themselves," Fox said.
"At the same time, practice consolidation has seen an increase in specialist advisers who perhaps don't own part of the practice and aren't so much focussed on the growth and day-to-day running of their practice overall."
Both awards will be judged by the same panel, comprising Brad Fox and Michael Nowak from the AFA, Rebecca Sheils (Beddoes Institute), Graham Peatey (Encore Group), Peter Sobels (Riskinfo) and Kristine Wade and Andy Marshall from Zurich.
Award applications open 9 June 2014 and close 8 August 2014 with the winners announced at the AFA National Conference, in Cairns 11—14 October, 2014.
More information, including application forms, can be found at www.adviseroftheyear.com.au
Recommended for you
ASIC has released the results of the latest financial adviser exam, held in November 2025.
Winners have been announced for this year's ifa Excellence Awards, hosted by Money Management's sister brand ifa.
Adviser exits have reported their biggest loss since June this week, according to Padua Wealth Data, kicking off what is set to be a difficult December for the industry.
Financial advisers often find themselves taking on the dual role of adviser and business owner but a managing director has suggested this leads only to subpar outcomes.
