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
Licensing regulation should prioritise consumer outcomes over institutional convenience, according to Assured Support, and the compliance firm has suggested an alternative framework to the “licensed and self-licensed” model.
The chair of the Platinum Capital listed investment company admits the vehicle “is at a crossroads” in its 31-year history, with both L1 Capital and Wilson Asset Management bidding to take over its investment management.
AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies.
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.
