Small dealers attract industry attention
SMALL dealer groups are back on the agenda as members of three bodies representing small planning businesses have agreed to meet to discuss the creation of a national executive to represent them to government.
The Association of Independently Owned Financial Planners (AIOFP), theAssociation of Financial Advisers(AFA) and a representative of the Boutique Financial Planning Principals Group (BFPPG) will meet in Sydney next month to discuss the formation of the executive.
The news follows theFinancial Planning Association’s (FPA) announcement last week that it will set up its own forum for small dealer groups.
AIOFP chief executive Peter Johnston says the three groups will meet on April 5 to establish the parameters of the National Executive Committee as well as meeting with the Shadow Minister for Retirement Income and Savings, Senator Nick Sherry.
Johnston says the meeting is preliminary in nature as both the AFA and BFPPG have yet to fully commit to the new body until their own executive committees meet and ratify such a move.
The FPA announced at its Queensland state conference last week a series of initiatives to be put into place over the next 12 to 18 months involving the establishment of specialised forums for boutique members.
The new program will result in a dedicated staff member appointed within the FPA as a specialist advocate for small dealers.
AUTHOR
Jason Spits
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