As a financial planner and participant in the Australian financial services industry, you have the opportunity to be involved in numerous associations and special interest groups. Why is membership of the FPA critically important?
The FPA is not an industry association. It is a professional association requiring financial planners to meet strict entry criteria. As a result, the professional community we create gives you the ability to connect and associate with like-minded individuals who all uphold the FPA's world-leading professional standards.
The quality advice you provide as a result of working within the FPA Code of Professional Practice gives comfort, confidence and reassurance to your clients that they are receiving the best possible guidance to meet their needs. That quality of advice brings with it a value which clients are willing to pay for, and provides a platform for you to build a sustainable business.
The FPA champions the cause of Australia's professional financial planning community and the 5 million Australians who entrust our members with their future financial security. The FPA maintains a close and mutually respectful relationship with key Government stakeholders, policy makers, regulators and politicians on all sides of the fence. As an FPA member, you can be sure that your and your clients' interests are firmly represented on all relevant issues.
The FPA's professionalism framework protects financial planners from exposure to misconduct and damaging their professional reputation. FPA financial planners are 11 times less likely to be banned from practice than non-members, and 36 times less likely to be banned from practice if they are CERTIFIED FINANCIAL PLANNER professionals*.
For FPA members, and particularly CFP professionals, your association with the FPA is evidence of the high reputation you deserve in your local community. This is influenced in a large part through the advocacy and communication efforts of our local FPA Chapters.
*Source: FPA Annual Report on Professional Standards 30/06/10