Research house Mercer’s financial advice division has become the first salaried advice business to be accepted as an FPA Professional Practice.
A statement from Mercer revealed that the company’s six advice offices and 40 advisers have been accredited by the FPA’s program as “highest quality financial planning practices”.
Mercer financial advice leader Michelle Smith said her adviser staff's high level of education was a likely factor in the FPA’s decision.
“Sixty-five per cent of Mercer’s advisers are Certified Financial Planners (CFPs) compared to the 45 per cent industry certification level and 95 per cent of our advisers have a university degree,” Ms Smith said.
“We are absolutely committed to continuously raising the industry standards and this is reflected in the calibre of our financial advisers.
“We really value the FPA endorsement and believe it demonstrates our commitment to providing high quality advice to our clients.”
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