The Financial Planning Association of Australia The Financial Planning Association of Australia

FPA Board announces Marisa Broome CFP® as new Chair

The Board of the Financial Planning Association of Australia (FPA) today announced that Marisa Broome CFP® will take over as Chair from Neil Kendall CFP® when his term concludes on 21 November 2018.

Incoming Chair Marisa Broome’s career in financial services spans over 30 years and she has served as an FPA Board member since 2015. She has been an active member of the FPA since its inception, including involvement in national committees for professional education, annual conferences and the Sydney Chapter. Marisa is in her second term as a director having twice been elected by FPA members to the Board.

Currently, Ms Broome is Chair of the Policy and Regulations Committee and the FASEA Working Group and is a member of the Audit and Risk Management Committee of the FPA Board.

During his eight-year tenure on the Board, outgoing FPA Chair Neil Kendall ticked off two long-term milestones for the profession – the enshrinement of the terms ‘financial planner’ and ‘financial adviser’ in law, and the recognition of financial planners as signatories for Commonwealth statutory declarations, alongside lawyers, medical practitioners and justices of the peace.

Commenting on Ms Broome’s appointment, Mr Kendall said: “I’m delighted to be handing over the reins to Marisa. She will make an outstanding Chair and has the skill and vision to lead the next chapter of the FPA’s professional journey. Her experience running her own financial planning practice in Sydney for the last 21 years equips her well to understand and meet the challenges facing the profession.”

Ms Broome said Mr Kendall has paved the way for her to continue the work required to improve financial planning for consumers.

“Neil’s enormous contribution to the FPA is recognised by the Board and we gratefully acknowledge his hard work. As Neil has consistently said over the past four years, what we do as planners makes a meaningful and positive difference in our clients’ lives, and that is the standard we should always test our advice against,” said Ms Broome.

Under her stewardship, Ms Broome said she is committed to supporting members in creating better financial futures for all Australians.

“We will continue to focus on strong professional standards, professional education, and engagement with consumers around quality advice. At the same time, we’ll be building a story centred on trust and the improved standards of FPA practitioner members.

“I am incredibly proud and honoured to be the incoming Chair, and I am most proud of the effort, commitment and passion so many in the profession demonstrate every day.”

Ms Broome openly acknowledges that while challenges lay ahead for the financial planning profession, there are also great opportunities.

“Undoubtedly, there is a need to rebuild community trust in the financial planning profession, but that’s an opportunity for us to seize and build upon, together with a focused commitment to ongoing education, ethical governance and accountability.”

In other changes to the Board, Director Philip Pledge will be stepping down from his role on 31 December 2018 following his significant contribution to the FPA over the past 10 years. As a retired partner of Ernst & Young, Philip has brought a deep level of experience and insight to the FPA Board and played a pivotal role as Chair of the Audit and Risk Management Committee.

The FPA will be welcoming Paul Ruiz to the FPA Board from 1 January 2019. Currently, a member of the Audit and Risk Committee at NSW Treasury, Paul is highly skilled in risk management, financial reporting and audit practices. He brings to the FPA Board more than 30 years of experience with “Big 4” accounting firm KPMG.