Association of Independently Owned Financial Planners (AIOFP) Chairman and Australian Financial Services Group Ltd (AFS Group) Managing Director and Group CEO Peter Daly has announced the appointment of Dr. Dennis J. Maddern and John Ardino as new Directors to the AIOFP Board.
Dr. Maddern is President of Melbourne based Maddern Financial Advisers Pty Ltd (MFA). Established in 2003, MFA offers a full suite of ntegrated financial planning, investment, retirement, insurance, superannuation, lending and taxation solutions to a growing base of over 2000 clients.
John Ardino is the Managing Director of Lifespan Financial Planning (Lifespan). Lifespan commenced in 1994 and now has a network of 130 authorised representatives operating from 110 offices across Australia, principally in NSW, Victoria and Queensland.
In welcoming Dr. Dennis Maddern and John Ardino to the AIOFP Board, Peter Daly said both Directors are highly experienced professional business practitioners with extensive industry experience and knowledge.
“The addition of Dennis and John’s skills and experience to the Board will complement those of our existing Board,” added Peter Daly.
“I am confident the AIOFP Board is well positioned to guide the organisation into the future and will successfully address the challenges and issues facing the financial services industry.”
The other members of the AIOFP Board are Tony Siragusa of Money Guidance Pty Ltd, Ben Jayaweera of Growth Plus Financial Group and Executive Director, Peter Johnston.
AIOFP has also confirmed that the Board will meet with Minister for Financial Services & Superannuation; Assistant Treasurer, Hon Bill Shorten MP on November 4th to articulate the views of the independent sector of the Financial Services industry.
“It is important that the all sectors of the industry are consulted by the Federal Government, in particular those of the non institutionally owned providers of professional financial advice,” said AIOFP Executive Director Peter Johnston.
At the meeting with Minister Shorten, it is the objective of the AIOFP Board that a broad range of issues important to the future viability of the advice industry are communicated and discussed, in particular transparency in advertising, loss leading practice strategies by institutions, independent trustee / RE functions, conflicted research house business models, etc.
“With the addition of the two new Directors to the Association’s Board, AIOFP will continue to promote the benefits, importance and value to Australian consumers of financial advice that is provided by independent / non institutionally aligned advisers and AFS licence holders,” concluded Peter Daly.