The Financial Planning Association (FPA) has today released its Annual Report for 2011/2012, including a number of significant highlights for the professional body.
Financially, the FPA remains strong, reporting a slight surplus in the past financial year. Matthew Rowe, Chair of the FPA said: “Our financial result is significant in that we projected operating deficits for three years as part of the 3-year strategic plan we launched in April 2011. This surplus is two years ahead of the Board’s expectation and reflects the judicious financial management of the organisation, coupled with increasing engagement with members and relevance with stakeholders.”
In addition to financial results, the Annual Report documents achievements in line with the FPA’s strategic plan, including:
“FPA members are at the heart of the Association. This Annual Report recognises a number of outstanding individuals including our 2011 Best Practice Award winners and four accomplished members who achieved the ‘hat trick’ of the CFP mark and both the LRS and AEPS designations. The proof points evidencing the tangible value of the CFP designation is published for the first time in this Report (on page 43) and overall, the report shows that we are on-track and on-target in achieving our strategic plan.
“As Chair presiding over the Association in its 20th anniversary year, I am immensely proud of the collective efforts of our members who have made these achievements possible in our mission to help transform financial planning into a respected profession.”, said Mr. Rowe.
FPA members and other industry participants will receive a personal update from the FPA Chair Matthew Rowe and CEO Mark Rantall at the upcoming national events series to be held in capital cities in November and December. Hardcopies of the Annual Report will also be available at these events. Event details are available at www.fpabestpractice.com.au/advancedcpd and the Annual Report can be viewed at www.fpabestpractice.com.au/2012annualreport.