Over the past four years, the AIOFP has endeavoured to educate members and their advisers on all investment options available in the market by inviting the ASX to present at its conferences.
“This is not about providing strategies or pushing a product but about a range of products that may assist clients wishing to invest through the ASX,” ASX head of retail Ian Irvine told ifa.
“We have involved some of the listed entities on the exchange; investment companies and some of the products of the traders such as the ETFs,” he said.
“Representatives from those organisations have worked with us in conjunction with some of the guys from the fund providers to talk through portfolio construction and asset allocation.”
The session will educate AIOFP members about ASX investment options, including LICs, ETFs, and ASX-listed companies, and how they can work in conjunction with a managed fund.
The future of independent advisers remains strong and the ASX will continue to support the sector through educational sessions, Mr Irvine said.
“In the not-too-distant future, the ASX will also be able to help advisers obtain managed funds for their clients through our new managed funds service,” he said.
The session is expected to be 120 minutes long and delivered in each state over consecutive days. Large members will receive tailored sessions while a general session will inform the advisers of smaller members.
I am very excited about the new designation (CFS) and congratulations to the AIOFP who recognize that as indepedents we have to pay for our own software, our own paraplanners and research and our own confernces. We are different to those protected by the big institutionally owned groups.
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The AIOFP stands by its members in good and bad times, so the new designation is a real step in the right direction and will help us to let the publc know that we have more choice than most and are not pushing someones barrow. Well done… can’t wait for it.