Three years on from the AFA–FPA merger that formed the FAAA, Chair David Sharpe is pleased the organisation has quickly found its feet.
“Our communities have come together to create grassroots events and connections for members right across the country,” he says.
“The release the 2030 Strategic vision and the Policy Platform at Congress 2024 consolidated what the FAAA stands for and what it hopes to achieve.”
Sharpe pointed to challenges such as CSLR levies and confusion over AML, saying the benefit of a professional voice speaking for members has never been more important.
Some key milestones for the FAAA include:
- The launch of an Advice Academy and the Advice Ambassadors program in 2025
- The signing of a memorandum of understanding in 2024 with FPSB India to promote cross-border mobility and professional development for CFP aspirants and professionals
- The 2024 launch of a campaign promoting professional financial advice, an upgraded Find a Planner tool, and the launch of its Careers Centre
- The ATO’s 2024 decision to allow greater deductions of upfront financial advice fees following FAAA lobbying
We are proud to represent professional financial advisers…
Looking back FAAA CEO Sarah Abood says the overwhelming vote to merge the two associations was a strong endorsement.
“Almost 97 per cent of members who voted across both heritage associations supported the move,” she says.
“We are proud to represent professional financial advisers and the great work our members do every day.”
The FAAA was officially formed on 3 April 2023, and membership stands at 10,799.
