FPA offers consumers free financial advice online
The Financial Planning Association (FPA) is to provide consumers with free financial advice online for one month, beginning with the launch of its Financial Planning Week on May 25.
All Australian will be able to submit questions on a range of financial topics via the FPA’s online financial planning service, Ask an Expert.
FPA chief executive Jo-Anne Bloc anticipated that many consumers would use the service to ask questions relating to how the Federal Budget would impact on their financial position.
Other preferred topics would involve super, setting financial goals and budgeting, savings and investments and retirement issues, she said.
The initiative has been welcomed by Superannuation and Corporate Law Minister Senator Nick Sherry.
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.
