Sarah Abood
Sarah Abood, CEO of the FAAA, says that the number of advisers who have renewed, or are in the process of renewing, their membership with the FAAA is very pleasing.
“We are very happy with how the numbers are tracking. Between them, the FPA and AFA had just under 12,000 members across all categories just before the merger, of which 8,946 were practitioners. As at today, 9,525 members have renewed across all categories including 8,093 practitioners. This means that 90 per cent of advisers have renewed their membership with the FAAA.
“The ASIC data on the FAR represents current practitioners who had completed their renewal with FAAA before the bulk update cut-off earlier in August. It does not include those who are still in the process of finalising their membership, or those who have left the register but who are still members, for example who have become non-practising or retired members.
“We are very appreciative that ASIC supported the profession by agreeing to do this bulk update as a one-off, saving licensees many hundreds of thousands of dollars.
“Our ambition is to have as many members as possible. The FAAA represents a united voice for the financial planning profession, and there is strength in numbers which is a big factor in how effective we can be in Canberra.
“We encourage any advisers who haven’t yet done so, to renew their membership. The grace period for renewals ends at the end of September so there is still time to renew membership before it lapses.”