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Financial Planning Association of Australia (FPA)

FPA becomes a true professional body

John Hewison
Founder and Director
11 Apr 2011

As a culmination of 20 years of driving the development increasing education and practicing standards in Australia, the Financial Planning Association of Australia (FPA) made certain ground breaking amendments to its constitution at an Extraordinary General Meeting on Thursday night that will revolutionise it as a true professional organisation and its members as true professional advisers. 

The FPA will now restrict its membership to practitioner members who either hold the Certified Financial Planner (CFP) professional designation or are studying towards obtaining CFP. From 2012, entry to the CFP program will require a minimum of a university degree qualification.

The FPA already has a robust Code of Ethics and Professional Practicing Standards and a disciplinary process in the event that a member fails to fulfil these practicing obligations.

While Hewison Private Wealth has had a degree-based qualification and CFP standard in place for over a decade, we see this as a truly momentous achievement by the FPA and the creation of a standard of professional excellence upon which the public can rely.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.auPlease note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.