AIOFP registers name for new premier adviser designation
The Association of Independently Owned Financial Planners (AIOFP) has announced the name of the premier adviser designation it launched last month as an industry alternative to the Financial Planning Association's Certified Financial Planner (CFP).
AIOFP executive director Peter Johnston told the plenary session of the association's annual conference on the Gold Coast last week that the name Certified Financial Strategist (CFS) had been "registered" for the new designation.
Johnston said the CFS had a "certain ring to it that will assist in promoting the brand".
"It also adds a different dimension to the tainted and generic term 'financial planner' and is more specific to what the public really want at the end of the day - investment advice that assists their future."
To be eligible for the designation, advisers must work in an independently owned practice, have appropriate tertiary education qualifications, be Australian Securities Exchange-product trained and demonstrate appropriate research capabilities.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
