CPA Australia starts hiring for IFA business
CPA Australia has started to build out its advice business and is looking to fill two senior roles at the intended licence.
The two positions, head of advice and head of operations, are being advertised via Seek.com.au. A spokesperson for the accounting body told ifa that the new roles represent “unique leadership opportunities”.
Having more than 15 years of AFSL/ACL experience and post-graduate qualifications in business, accounting or finance are key requirements for the Melbourne-based roles.
According to the job posts, the successful candidate for the head of advice role will be responsible for all aspects of delivery for advisers.
This includes overseeing the end-to-end financial advice process, including advice policy and documentation, product research, advice coaching, advice service delivery and practice management.
"The successful candidates will not only have a central role to play in the long-term success of CPA Australia Advice but also in shaping the future of financial advice in Australia," a spokesperson said.
"With an ethos of integrity and transparency built into its charter, CPA Australia Advice is committed to our clients' best interest."
For the head of operations role, the candidate should be able to "research and assess the best operational model to support the new entity and to deliver operational solutions to effectively enable operations of the business".
CPA Australia has been inundated with expressions of interest since announcing plans to launch the advice arm.
The group's chief executive, Alex Malley, said that currently 15 per cent of CPA Australia members (who comprise around 150,000 in total) provide financial advice under a number of licensees, but extending the CPA Australia brand would further strengthen their presence.
"Some of those CPAs will be providing advice under other licensees and this is simply an alternative that young people coming into the sector will see as an impressive benchmark and will be given the option of being under the CPA banner," Mr Malley said at the launch.
Expected to be operational by 1 July 2016, the company plans to provide advice that is free of commissions, offering it on a fee-for-service basis.
"CPA Australia Advice represents a game changer for financial advice in this country," Mr Malley said.
MLC Wealth reshuffles advice leadership
MLC Wealth has announced changes to the leadership of its advice business follow...
Lifespan to assist advice firms towards their own AFSL
Advice dealer group Lifespan Financial Planning is launching a broad-ranging sup...
MyState releases managed fund platform
Tasmania-based banking group MyState has announced its wealth management busines...