FPA formalises partnership with Future 2
The Financial Planning Association (FPA) and charity organisation Future2 Foundation have formalised their partnership by executing a memorandum of understanding (MOU) which will make Future2 the charitable foundation of the FPA.
As part of the execution of the MOU, the foundation will be provided with a larger resource pool and greater integration into FPA activities, while the Future2 board would offer more positions for FPA nominees.
“As our charitable foundation is seeking to make a lasting difference in the lives of those who need it most, Future2 will facilitate collective giving and individual involvement, augmenting the community and pro bono work of many FPA members,” said FPA chair Matthew Rowe.
“Financial planners will gain widespread respect and trust by acting in the public interest in all that they do - community service as well as client service - and contributing to the overall wealth of the community,” Rowe added.
Aligning Future2 solely with the FPA would open the way to stronger engagement by the 8500 members of the association, according to Future2 chair and AMP financial planning executive, Steve Helmich.
“With their support we will take our place at the heart of the financial planning profession and build a strong, vibrant future,” Helmich said.
As part of the agreement, Future2 will replace its tagline with the words: 'The Foundation of the Australian Financial Planning Association’.
Future2 was established in 2007 and is providing financial support to people in “necessitous circumstances”.
Recommended for you
After seven years at the company, Iress’ chief technology officer for wealth management APAC, Anthony Gerrits, has departed as the firm commences a search process to fill the role.
With advice firms thinking about scaling up in 2025, research has detailed the main avenues financial advisers say they have used for successful recruitment.
The board of Insignia Financial has reached a decision regarding the possible acquisition of the firm by US private equity giant Bain Capital.
Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses.
