Member consultation begins on FPA/AFA name
The Financial Planning Association of Australia (FPA) and Association of Financial Advisers (AFA) have begun the process to consult members on new name for the proposed merged organisation.
The two associations were currently in the process of a possible merger as they believed there were substantial synergies and benefits from a larger, merged organisation such as creating a united voice and allowing stronger advocacy.
If the merger went ahead, a new name was needed for the organization and members of both associations should have received an email containing a link to the survey.
The associations said: “The respective boards of each organisation and their appointed branded agency are looking to gather valuable insights from members to help guide development of a new name for the proposed merged association”.
The AFA added: “Both boards agree that a new name and branding, reflecting the new entity, would be appropriate to honour the heritage of both associations. Members will be involved in consultation on the options and a proposed new name for the merged entity will be put to members as part of the vote”.
The vote on the merger would take place in early February and needed 75% of members to approve it for it to proceed.
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So has this merger already been decided? I think we vote first and then decide on a name.
I won't be voting yes. I believe Advisers need representation, and someone to advocate on their behalf. Large institutions and large super funds are not the future of how advice should be delivered, and when it comes to someone representing them, they are big and ugly enough to look after themselves. We don't need a body that represents the those parties too. Australians need to be looked after . We need a new Association that will put the needs of Advisers and Australians first, and from the ashes of those dead failed bodies, a new phoenix will emerge. So vote No if you care about your profession.
Duke is voting no and agrees with Anon