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 AMP advisers moving to Entireti and Insignia being the subject of a private equity bidding war, how can deals be navigated to ensure minimal stress and uncertainty for staff and advisers?
There are seven key mistakes that financial advice businesses need to steer clear of in 2025 to avoid hindering their business growth and profitability, according to Adviser Ratings.
The FAAA has secured CSLR-related documents under the FOI process, after an extended four-month wait, which show little analysis was done on how the scheme’s cost would affect financial advisers.
While advisers are increasingly eyeing private markets and alternative investments, two reports have underlined the lack of investor understanding that persists among both advisers and clients.
