BFP president pledges support for FPA
New Boutique Financial Planners president Dacian Moses has outlined his vision for the lobby group as a “home for IFAs who support the FPA”.
"Our members are most certainly in the 'independent' space - noting that the term 'independent' is often used outside of its Corporations Law meaning to describe advisers who are not aligned to large institutions,” Mr Moses said.
“All BFP members are also FPA members; the FPA Code is a consumer's best indication their adviser acts in their best interest.”
Mr Moses also took a thinly veiled swipe at AIOFP executive director Peter Johnston’s suggestion that his association should be the “homologous” representative group of all independent advisers.
"The BFP does not support the allocation of homologous roles to organisations by individuals who are not authorised to speak on their behalf,” Mr Moses said.
Mr Moses also supported comments by incoming FPA chair and fellow BFP member Neil Kendall, arguing that business models of individual advisers are “not significant” from the perspective of the FPA, since it is a body that represents “the public interest”, not members' interests.