Rebecca Jacques

Australian financial advice industry group the Association of Real Return Investment Advisers (ARRIA) has celebrated its two-year milestone, unveiling a series of announcements to take the fast-growing Association forward in 2017.

Yesterday in Sydney ARRIA will hold a roundtable event for adviser and investment industry members to discuss the theme of ‘Client Engagement’ – as well as celebrate the past two years of steady growth for the Association.

At the event, ARRIA will also formally announce a name change to the Association of Goals Based Advice (AGBA) and unveil a revamped website.

ARRIA was founded in late 2014 as a non-profit, financial adviser-led association to represent advisers who were focused on delivering ‘goals-based advice’ – ie advice that aims to give investors more certainty in their investment outcomes. Over the past two years the Association has grown to represent more than 70 active adviser members from more than 34 practices across Australia. In addition, the Association has admitted more than 20 ‘Industry Associates’ across the gamut of related service providers including industry-leading investment managers, platforms, insurance and technology players. AGBA Industry Associates are listed on the AGBA website.

AGBA General Manager Rebecca Jacques said the Association was delighted to reach its two-year milestone and thanked the advisers and industry associates who had supported the Association.

“AGBA delivers practical tools and support for implementing goals based advice, including portfolio construction, data analytics, governance, thought leadership and networking events – all vital elements that help our members tackle today’s difficult markets to deliver meaningful investment outcomes for their clients,” Ms Jacques said.

She said a key driver for the growth of the Association was the rise of managed accounts, which were becoming more popular with individuals wanting more control, transparency and beneficial ownership of their assets.

“While not a new phenomenon, the steady growth of managed accounts has encouraged the industry to tackle regulatory and compliance hurdles, and seen advisers increasingly build more bespoke goals based portfolios for clients that were previously not cost or time effective,” Ms Jacques said.

“We are excited to unveil our new name and website, and look forward to continuing to build our Association for the benefit of advisers, industry associates and, ultimately, end investors.”

AGBA 2017: Bringing it all together

The new look AGBA will also host its first national conference in November 2017 themed AGBA 2017: Bringing it all together. The conference will bring together advisers, dealer groups, investment managers, consultants, research houses, regulators, educators, administrators and other industry professionals that help advisers to implement goals based advice in their businesses.

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