FPA signs on search firm
The Financial Planning Association (FPA) has signed on JD Allen & Associates as the recruitment agency in charge of forwarding candidates for the association’s chief executive.
JD Allen was selected from a short list of three by the high level committee of FPA board members in charge of appointing a new chief executive in the wake of the departure of Michael McKenna last month.
FPA chairman Ray Griffin is a key member of the four person committee. He says the appointment of the recruitment group for the national search is only one step in a process which could take up to 12 weeks.
"We are in no particular hurry. We want to be sure that we select the right candidate for the job. Searching for an executive at this level often takes 10 to 12 weeks," he says.
"The FPA is currently in good hands under the guidance of acting chief executive Ken Breakspear. It is business as usual."
Griffin says the FPA has been approached by a number of parties interested in the post but all these candidates will be put through the same process as other candidates.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
