FPA's Ask an Expert Week commences


The Financial Planning Association's (FPA's) Ask an Expert Week has commenced and will run until 27 January.
Ask an Expert was a popular feature of Financial Planning Week in the past, but the FPA has decided to launch it separately from the event due to timeliness.
"For many of us, the New Year is a time to make positive changes to important parts of lives," said FPA chief executive officer Mark Rantall.
"Alongside our family and our health, our wealth is very important to our overall wellbeing; therefore Ask an Expert Week was set up to encourage Australians to improve their financial situation and support them in doing so."
As part of the initiative, FPA members use twitter and the association's website to answer financial questions put to them by the Australian public - in a bid to increase consumers' access to financial advice to promote the profession.
"There are various reasons people do not seek advice on their finances," Rantall said.
"Some feel that financial advice is something that only high net worth individuals can access, others are simply not aware of the value advice can add, and some just don't know where to look."
Rantall recently told Money Management that the FPA would restart its consumer-targeted media campaign in the next few months and launch Financial Planning Week in August this year.
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.