AIOFP strikes deal with Chinese investors

Speaking to ifa, AIOFP executive director Peter Johnston revealed his association has struck a deal with a group of mainland Chinese investors to educate prospective clients about the investment advice services of its member organisations in the non-aligned financial planning sector.

The federal government’s intention to streamline the $5 million Significant Investment Visa program has resulted in an offer from an influential Chinese business person to arrange for wealthy Shanghai-based citizens to attend an AIOFP investment expo during our [offshore] conference in 2015,” Mr Johnston said.

“We are confident of having at least 100 attending, representing a potential $500 million entering the Australian financial system,” he said.

Mr Johnston said the expo will look to showcase the association’s Certified Financial Strategist designation and “why they should seek advice from a CFS adviser when considering investing into Australia”.

It will also be an opportunity for product providers that appear on the association’s related Filtered Research Committee approved product list to draw attention to the “very best LICs, ETFs and fund managers”, Mr Johnston added.