September 25, 2023


Move Step By Step

FPA and AFA enter second spherical of member session

4 min read

The Monetary Planning Affiliation of Australia (FPA) and the Affiliation of Monetary Advisers (AFA) have entered the second spherical of session with members on the proposed merger of the 2 associations.

The FPA and the AFA agreed in precept in September 2022 to discover a merger between the 2 associations, with a objective of making a united voice for the monetary recommendation occupation.

Not too long ago, members have been invited to finish a survey to assist information the event of a brand new title for the proposed merged affiliation.  And this week, members have additionally obtained a merger abstract doc and a draft structure for the proposed merged affiliation, and are inspired to supply their suggestions.

Sam Perera, Nationwide President of the AFA, mentioned the boards of every organisation are gathering helpful insights from members by the session course of.

“We’ve had the chance to satisfy and seek the advice of with many members across the nation, over the previous few months, and the message now we have heard is that members see the advantages of a merged affiliation offering a united voice for monetary planners and advisers.

“All members have now obtained private emails surveying their views on a brand new title for the proposed merged affiliation and now we have appointed a branding company to overview responses and develop a proposal for a brand new title and model.

“It will be significant that the title of the proposed merged affiliation displays member views.

“Members now have the chance to overview a abstract of the merger proposal, and the draft structure, and supply suggestions on these paperwork over the course of the following couple of weeks.”

David Sharpe, chair of the FPA, mentioned this is a crucial step within the member session course of.

“The second section of session permits members to overview extra element on how a merged affiliation would function, and what it means for them as members of the FPA and AFA.  Their suggestions is essential to us and can assist information the following stage of the method.

“In my discussions with members over the previous few months, it’s clear that efficient advocacy is the primary precedence for them.

“We imagine a merged affiliation will lead to more practical advocacy and can create a unified voice which might converse for all members, in addition to the broader occupation.

“A merged affiliation may also permit extra and higher resourcing for members, together with occasions, neighborhood {and professional} requirements.

“The boards of each associations strongly imagine {that a} merger is in one of the best pursuits of all members, and the monetary planning occupation, and it will likely be the FPA and AFA members themselves who make the ultimate determination on whether or not to merge.”

The following step shall be separate AFA and FPA consultative member webinars, which shall be held in late January, the place members can present any remaining suggestions earlier than voting will formally open in early February 2023. Voting will shut on the FPA and AFA EGMs on 28th February, and the outcomes shall be introduced shortly thereafter.

For the proposal to succeed, 75 per cent of members of each associations who vote might want to vote in favour.




In regards to the AFA
The Association of Financial Advisers Limited (AFA) has been the genuine voice on the worth of economic recommendation for over 75 years. Right this moment, the AFA is a vibrant, modern 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 knowledgeable affiliation is derived from its success in partaking with the main stakeholders in monetary recommendation together with advisers, customers, licensees, product and repair suppliers, and the regulator 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.


In regards to 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 assist our objective to create a thriving monetary planning occupation and allow higher entry to monetary recommendation for all Australians. For extra data, go to:


CFP®, CERTIFIED FINANCIAL PLANNER® and CFP Brand® are certification marks owned outdoors 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.


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