‘Vote yes for stronger adviser voice’: FPA chair


Financial Planning Association of Australia (FPA) chair, David Sharpe, has urged members to vote in the upcoming merger with the Association of Financial Advisers (AFA).
In a video update, Perth-based Sharpe, who took over as chair in April 2022, said benefits to the merger included stronger advocacy, effective education, embracing community, improved services and improved consumer awareness.
“A merger gives us a much stronger policy and advocacy voice to Government which is absolutely critical and, secondly, it also gives us a much stronger voice to and for consumers on the value of financial advice,” he said.
Members had received a draft summary and draft constitution late last year and there would also be a member webinar to discuss the merger on 25 January while one for AFA members would take place on 24 January.
“We don’t just want your support, we are going to need your vote.
“We want thousands and thousands of our members to vote because this will be a fundamental shift to our association.”
Voting would open in early February until 28 February and at least 75% member approval from both associations was needed for the merger to proceed.
Recommended for you
Advisers at DOD Bookkeeping, which received an $11 million penalty last week, received as much as 40 per cent of their remuneration via a bonus when clients purchased a property via a SMSF, according to court documents.
Private wealth manager Escala Partners has launched an end-to-end investment platform to strengthen its alternatives capability as clients seek sophisticated vehicles.
Perpetual Wealth Management has hired two advisers from Ord Minnett as part of five hires, just weeks after the rival firm announced it had picked up six from Perpetual Private.
ASIC has cancelled the AFSL of a Perth financial services firm following payments to its clients by the Compensation Scheme of Last Resort after a failed managed investment scheme.
Just what does a "yes vote" mean? What is this stronger voice going to say?