FPA board extends chairman's term
Matthew Rowe will stay on as chairman of the Financial Planning Association (FPA) board for another two-year term until November 2014.
Rowe was first elected as chairman in 2010 when he took over from his predecessor Julie Berry, who held the office for two terms.
"I am flattered by the private words of support and encouragement received from colleagues to continue leading our committed FPA board and executive team towards the shared vision of restoring respect for professional financial planning and regaining the trust of the broader Australian community," Rowe said.
In announcing his decision to stay on for a second term, Rowe cited the "job left to do in raising the professional bar on behalf of FPA members and the Australian public".
Board members are elected by the voting members of the FPA, while chairman, executive and committee members are elected at the board level.
FPA chief executive Mark Rantall supported Rowe's decision to stay on, adding he looked forward to continuing "the strong relationship with the chair and the entire FPA board".
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.
