FPA sees rise in membership
|
|
The Financial Planning Association (FPA) has gained membership ground after a loss in numbers during the 2008-09 financial year.
The FPA has gained 750 new members so far this financial year, which takes the total membership base from 11,650 in June 2009 to 12,400. Membership varies between practitioners, students and general membership.
“The strong positioning of the FPA in representing commitment to professionalism is resulting in increasing confidence in the FPA amongst the financial planning community,” said FPA chief executive Jo-Anne Bloch.
Bloch said the FPA’s CFP program has also attracted a significant number of enrolments this financial year, with 286 students enrolled in CFP1, the first mandatory module on ethics, and 500 students in CFP5, the final assessment module.
Some 300 of the 750 new members are general members, which compares favourably to last financial year’s membership statistics, which saw a drop in general membership from 3,324 to 2,927 at June 30, 2009.
Recommended for you
With Insignia Financial suffering a cyber attack on its Expand platform, this can potentially have a negative impact on the two private equity bids currently in play for the firm.
State Street Global Advisors has made an equity investment in Ethic, a platform helping financial advisers to produce bespoke portfolios, reflecting the greater client demand for customised portfolios.
WT Financial’s new entity with Merchant, Investco, has entered into a heads of agreement to merge three financial advice firms.
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
