FPA PROFESSIONAL PARTNERS An invitation to lead the financial planning profession THE PROFESSION NEEDS YOU. TAKE YOUR RIGHTFUL PLACE. The FPA vision: THROUGH our members we STAND with AUSTRALIANS for a BETTER financial FUTURE. PURPOSE To continue to lift standards of professional advice. CORE VALUES Integrity. Unity. Making a difference. PUBLIC BENEFIT Financial peace of mind. PERSONALITY Purposeful. Trustworthy. Energetic. Giving. Engaging. Encouraging. fpa professional partners | 1 THE FINANCIAL PLANNING ASSOCIATION REPRESENTS 10,000 MEMBERS. OUR PLEDGE TO EACH ONE OF THEM IS TO ELEVATE OUR INDUSTRY TO A UNIVERSALLY RESPECTED PROFESSION. We’ll do this by providing vision, leadership and resources to keep raising professional standards and the community standing of our members. But we can’t, and nor do we want to, go it alone. We need you to help us shape the future of our profession – we need your input, your voice and your support. 2 | fpa professional partners LEADING THE FINANCIAL PLANNING PROFESSION AS THE LEADING BODY FOR PROFESSIONAL FINANCIAL PLANNERS IN AUSTRALIA, THE FPA REPRESENTS THE CHANGING FACE OF FINANCIAL PLANNING. The FPA has five key roles to play: 1. Represent interests of the public: Our members represent best practice financial planning that puts the interest of the client first. We actively champion the need for a clear separation between product sales and advice, because Australians deserve trusted and transparent financial advice. 2. Represent interests of members: With unrivalled influence on Government policy and regulation in financial planning, we are the collective voice of our members. We maintain strong relationships with all key stakeholders and fight for fair outcomes that advance our profession. 3. Foster high professional standards: We create a professional culture of accountability and self-regulation, setting and enforcing professional and ethical standards that result in the highest quality financial advice. 4. Facilitate world class education: We are the only Australian body licensed to administer and deliver the CERTIFIED FINANCIAL PLANNER® designation, the international gold standard and highest certification available to financial planners worldwide. 5. Provide professional development: We support our members with a high calibre program of continued professional development designed to enhance their knowledge and skills, and support them in financial planning excellence. fpa professional partners | 3 PARTNERING WITH LEADING ORGANISATIONS TO RECOGNISE THE PIVOTAL ROLE PLAYED BY QUALITY ADVICE BUSINESSES IN TRANSFORMING FINANCIAL PLANNING INTO A RESPECTED PROFESSION, THE FPA CREATED TWO IMPORTANT RELATIONSHIP CATEGORIES. FPA PROFESSIONAL PARTNER This is an Australian Financial Services Licensee that is recognised as a promoter of professionalism and a leader in the financial planning community. Professional Partners are committed to furthering the interests of the profession and consumers, and helping the FPA to shape the future of financial planning. FPA PROFESSIONAL PRACTICE This is a financial planning practice that demonstrates the highest professional and ethical standards through adherence to the FPA’s Code of Professional Practice. The practice stands apart as a role model for financial planning in the community through the use of FPA Professional Practice branding. 4 | fpa professional partners JOIN THE FPA PROFESSIONAL PARTNERS PROGRAM AS AN FPA PROFESSIONAL PARTNER, YOUR BUSINESS WILL BE WIDELY RECOGNISED AS A LEADER IN FINANCIAL PLANNING PROFESSIONALISM THROUGH ALIGNMENT WITH THE LEADING PROFESSIONAL BODY. 1 2 Work in partnership with the FPA to shape the future direction of the profession through a close working relationship with the FPA executive team, and the opportunity to get involved with the FPA’s working groups and projects. The opportunity to participate in advisory forums exclusively available to Professional Partners, providing an opportunity to meet regularly with like-minded peers and participate in key debates affecting the industry. fpa professional partners | 5 FPA PROFESSIONAL PARTNER BENEFITS As an FPA Professional Partner, you will receive many benefits and opportunities. • Participation in exclusive Professional Partner advisory forums • Access to FPA expert speakers at your PD Days, conferences and other key events • Dedicated guidance and support from the FPA Executive Team, to help navigate your business through legislative change • Access to high quality education, technical and practice management learning that brings the Code of Professional Practice to life • Priority offer on sponsorship packages for the FPA Professionals Congress and other national FPA initiatives • Preferential rates for FPA membership, education and events: 10% saving on FPA membership rates for 50 or more financial planners and staff 20% saving on enrolment into the CFP® Certification Program 10% saving on enrolment into the LRS® Life Risk Specialist designation program 10% saving on high quality online CPD programs, for a booking of 10 or more. 6 | fpa professional partners EXCLUSIVE INVITATION TO THE CPD ACCREDITED ASSESSOR PROGRAM AS AN FPA PROFESSIONAL PARTNER, YOU ARE EXCLUSIVELY ELIGIBLE TO NOMINATE YOUR IN-HOUSE EXPERTS TO BECOME CPD ACCREDITED ASSESSORS. ON COMPLETION OF THE PROGRAM, YOUR ASSESSORS CAN ACCREDIT YOUR CPD ACTIVITIES RECOGNISED BY THE FPA, WITHOUT THE NEED TO PAY AN ADDITIONAL FEE. The FPA’s continuing education model recognises that professional competence should be built on a combination of abilities, knowledge and professional skills, beyond the technical capabilities identified in RG146. A CPD Accredited Assessor within your business will help encourage higher quality educational and personal development activities for your team, in a cost effective way. BECOMING A CPD ACCREDITED ASSESSOR During the training program, CPD assessors will learn to: • identify the key drivers behind the FPA CPD Policy • define ‘continuing professional development’ • identify the professional dimensions and explain their meaning • explain the FPA’s professional development plan process • explain the purpose of the accreditation guidelines • distinguish the ways content can be assessed • identify the key elements of the quality assessment criteria • measure the quality assessment criteria against an example activity • describe the record keeping and audit requirements under the FPA CPD Policy. For more information, contact the CPD team at [email protected]. fpa professional partners | 7 WHAT FPA ACCREDITED CPD ASSESSORS SAY “Prior to becoming an FPA Accredited CPD Assessor we had to request (and pay for) the FPA to provide accreditation for our internal training. Being an accredited assessor means that we can save on the cost, as well as ensure that our training programs are accredited within days.” Gayle Forster CFP®, Integrity Financial Planners “As a Licensee, being able to ensure that this training meets a high standard such as FPA CPD Policy is essential in ensuring quality training is always undertaken.” Philippa Sheehan AFP®, MY Adviser “As a Professional Partner of the FPA, we are able to apply more consistent measures towards raising the standards of our people in the provision of quality advice.” Luke Riboldi, BT Financial Group “Now that we have FPA accredited assessors we ensure all our technical updates, PD Days, ethics sessions and adviser development programs have CPD points allocated. We can also reward our advisers who ‘give back’ to their industry and colleagues, by allocating CPD points for their preparation and presentations to staff.” Christine Garberg, Centric Wealth 8 | fpa professional partners TAILORED PROFESSIONAL INDEMNITY INSURANCE FOR YOUR BUSINESS FPA PROFESSIONAL PARTNERS ARE INVITED TO TAKE ADVANTAGE OF A BROKER SERVICE NEGOTIATED BY THE FPA WITH INSURANCE BROKING FIRM, JARDINE LLOYD THOMPSON (JLT). THE SERVICE OFFERS PROFESSIONAL INDEMNITY INSURANCE TAILORED TO THE NEEDS OF FINANCIAL PLANNING BUSINESSES. WHAT CAN JLT DO FOR YOU? • Advice on policy requirements relating to ASIC RG126 compliance, and assistance with meeting those requirements. • Tailored quotation terms on your behalf. • The best possible outcomes and premiums for your business. • Access to underwriters who understand what it means to be an FPA Professional Partner. • Access to a team that specialises in the needs of financial planning businesses. • Other classes of insurance that your business may require (ie Directors’ & Officers’ Liability, Office Pack, Investment Managers Insurance, Travel, Crime). To find out more, contact JLT on 1300 655 931, by email at [email protected] or online at www.jlta.com.au/proex_planners.aspx. fpa professional partners | 9 YOUR OBLIGATIONS AS AN FPA PROFESSIONAL PARTNER AS AN FPA PROFESSIONAL PARTNER, WE ASK THAT YOU MEET CERTAIN OBLIGATIONS. ELIGIBILITY CRITERIA • 25% of your financial planning practitioners are FPA practitioner members, or will be in one year • A signed memorandum of understanding that includes your ‘professional pledge’. ANNUAL INVESTMENT FPA Professional Partner fees per financial year are as follows: AAFinancial withwith 1001000 or more representatives FinancialPlanning PlanningLicensee Licensee/s or more representatives $10,000 plus GST $60,000 plus GST FinancialPlanning PlanningLicensee Licensee/s 500-999 or more representatives AAFinancial withwith 20-99 representatives $40,000 $5,000 plus GST FinancialPlanning PlanningLicensee Licensee/s or more representatives AAFinancial withwith less100-499 than 20 representatives $15,000 GST $1,250 plus plus GST A Financial Planning Licensee with 50-99 or more representatives $7,000 plus GST A Financial Planning Licensee with <50 representatives $1,500 plus GST 10 | fpa professional partners INTRODUCING SOME OF OUR PROFESSIONAL PARTNERS YOU’LL BE IN FINE COMPANY – OUR 2015 PROFESSIONAL PARTNERS INCLUDE MOST OF AUSTRALIA’S MAJOR FINANCIAL PLANNING BUSINESSES. Financial Planning fpa professional partners | 11 AFSL & ACL No. 238256 ADVICE 12 | fpa professional partners THE FPA EXECUTIVE TEAM AS A PROFESSIONAL PARTNER, YOU WILL GAIN PRIVILEGED ACCESS TO THE FPA’S EXECUTIVE TEAM. NEIL KENDALL CFP®, FPA CHAIR Neil officially assumed the position of Chair of the FPA on 19 November, 2014. He is currently the Managing Director of Tupicoffs Pty Ltd, an FPA Professional Practice based in Brisbane. Neil has won a national and two state FPA Value of Advice awards in 2006, as well as being a national finalist in 2009. He was nominated for Australian of the Year in 2011 and 2013. Neil was the Money Management Financial Planner of the Year in 2006 and runner up in 2009. He qualified in the Masterclass Top 50 in 2006, 2008, 2010 and 2012. Neil was treasurer of the FPA Brisbane Chapter for four years, and also spent time on the Legislation and Regulation Committee. A CERTIFIED FINANCIAL PLANNER® practitioner, he has a degree in business, and a Diploma in Financial Planning. He is a Fellow of the FPA and a Member of the Australian Institute of Company Directors. Neil is currently a member of the Remuneration & Succession Planning Committee of the Board and Chair of the Policy and Regulations Committee of the Board. MARK RANTALL CFP®, CHIEF EXECUTIVE OFFICER Mark is the Chief Executive Officer of the FPA and a passionate CFP® professional, with a 25-year career in financial services. Appointed by the FPA Board in 2010, he has since spearheaded the campaign to raise the standing of Australia’s professional financial planners and build consumer trust in the profession. His drive and determination has seen the FPA achieve many milestones in this journey so far. Prior to the FPA, Mark had already spent several years at the forefront of an evolving profession. He was involved in the creation of The NAB Academy and held the post of Dean of Advice after serving as Managing Director of Godfrey Pembroke from 2003 to 2008. In this role, Mark successfully facilitated more than 200 Godfrey Pembroke advisers to transition to a fee-for-service remuneration model. fpa professional partners DANTE DE GORI, FPA GENERAL MANAGER, POLICY & CONDUCT Dante De Gori is responsible for driving the proactive policy and government relations strategy for the FPA, leveraging his extensive experience in supporting financial planners in technical strategies and legislative analysis. Since joining the FPA in 2010, Dante has participated in more than 12 Government committees and consultation groups, led the formulation of FPA Policy on countless submissions to Government and ASIC, and been instrumental in the FPA’s consultation with Treasury on the FoFA reforms. Prior to joining the FPA, Dante was a Technical Manager at ClearView Financial Management, providing technical support to financial planners in the areas of taxation, superannuation, estate planning, life insurance and social security legislation. Dante has also worked at Zurich Financial Services and Asteron, providing technical strategies and legislative analysis to financial planners. | 13 fpa professional partners ABN 62 054 174 453 GPO Box 4285 Sydney NSW 2001 Members call 1300 337 301 Consumers call 1300 626 393 Phone 02 9220 4500 Fax 02 9220 4580 [email protected] www.fpa.asn.au CFP®, CERTIFIED FINANCIAL PLANNER® and CFP Logo® are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Association of Australia Limited is the marks licensing authority for the CFP Marks in Australia, through agreement with FPSB. January 2015 14 |
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