Replace on FPA and AFA merger proposal 

The Monetary Planning Affiliation of Australia (FPA) and the Affiliation of Monetary Advisers (AFA) have offered an replace to members on the merger proposal, with the vote timing confirmed to be in late February 2023.

Because the proposal was introduced in September, consultations have been going down round Australia, with FPA CEO Sarah Abood and chair David Sharpe, and AFA CEO Phil Anderson and Nationwide President Sam Perera, assembly with FPA and AFA members responding to questions and suggestions.

Within the subsequent stage of session, drafts of key paperwork together with the proposed info memorandum, resolutions, and structure will probably be despatched to all members in early December. An prolonged session interval will comply with, with members offering suggestions on the drafts.

Remaining variations of the paperwork will probably be issued to members and voting will open in early February 2023, closing in late February at separate Extraordinary Common Conferences (EGMs) of the AFA and FPA.

Each EGMs will probably be hybrid occasions, held at completely different instances, to maximise members’ alternative to attend. For the proposal to succeed, 75 per cent of members who vote might want to vote in favour.

Mr Anderson mentioned: “The AFA and FPA strongly imagine there are substantial advantages to members from a merger, offering a united voice for monetary planners and advisers.”

Ms Abood mentioned: “We’re decided {that a} merged affiliation would honour the heritage of each the FPA and AFA. That is clearly essential to members of each associations, particularly recognising the AFA’s proud 76-year historical past in addition to the FPA’s background of offering the globally recognised Licensed Monetary Planner (CFP) designation.”

AFA members are additionally invited to attend the FPA Congress on 23-24 November in Sydney, on the FPA member value (registration particulars have been despatched to AFA members through electronic mail). Each FPA and AFA administrators will probably be attending, and there will probably be alternatives to have interaction with management, to take part within the top quality congress classes and to community with colleagues, whereas the FPA celebrates its 30th birthday.


Concerning the AFA
The Association of Financial Advisers Limited (AFA) has been the genuine voice on the worth of economic recommendation for over 75 years. In the present day, the AFA is a vibrant, revolutionary affiliation, the place the underlying driver of coverage is the assumption that nice recommendation transforms lives. To this finish the AFA is striving to realize the imaginative and prescient of Nice Recommendation for Extra Australians. The AFA’s ongoing relevance as an expert affiliation is derived from its success in partaking with the foremost stakeholders in monetary recommendation together with advisers, customers, licensees, product and repair suppliers, and the regulators and Authorities. Culturally the AFA believes within the worth of collaboration to create highly effective outcomes, and this drives how we obtain affect and work in the direction of our imaginative and prescient.

Concerning the FPA

As Australia’s main skilled affiliation for the monetary planning occupation, the Monetary Planning Affiliation of Australia (FPA) represents the pursuits of the general public and virtually 11,000 members. The FPA is residence to Australia’s 4,900 CFP® professionals and is the one certification physique in Australia for the worldwide CFP® designation. Our proactive efforts in coverage, advocacy and authorities relations help our objective to create a thriving monetary planning occupation and allow higher entry to monetary recommendation for all Australians. For extra info, go to:

CFP®, CERTIFIED FINANCIAL PLANNER® and CFP Brand® are certification marks owned exterior the US by the Monetary Planning Requirements Board Ltd (FPSB). Monetary Planning Affiliation of Australia Restricted is the marks licensing authority for the CFP® marks in Australia, by settlement with FPSB.