Dr Raftery – who first joined the AIOFP board in November 2017 – was unanimously appointed as chairman of the association by his fellow board members yesterday, ifa can exclusively reveal.
He is a lecturer and head of financial planning at Deakin University and principal of boutique accounting firm Mr Taxman, as well as a vocal social media participant and charity fundraiser.
Sam El Shammaa, director of Sydney advice firm Capitalwise, has been appointed a board director to fill the vacant position.
Mr El Shammaa narrowly lost an election in November, when Lifespan adviser Halle Yilmaz was appointed to the board.
The board reshuffle follows the resignation of long-serving chair Peter Daly due to the scandal surrounding his business interests.
Mr Daly is executive director of Linchpin Capital, which is now facing receivership following proceedings commenced against it by ASIC and allegations that the company used funds of clients advised by its licensee subsidiaries to bankroll business growth.
As a member of the AIOFP i’ll be very concerned if Adrian continues his support of the still developing and still very confused FASEA debacle.
Adrian, are you going to support well educated and well experienced advisers past education?
Or
Adrian are you going to support Deakin Uni Fees and your text book sales with the stance from FASEA like nothing else in past Financial Advice education really counts?
Peter Johnston – i hope you know the answer to this in an adviser positive way.
Adrian – you’re ruining your reputation and that of Deakins as well
Anyone who has ever attended an AIOFP event knows the agenda for this. Sadly, I held out hope for many years with promises of professionalism and a member defence fund but I watched an organisation that spends more time on enormous email threads dedicated to where the next conference is going to be held, what ‘extra curricular’ activities will be held than it does on professional development, including the ‘venue scoping’ trips that needed to happen before the locations are voted on… I could go on and on..
What’s the alternative. The snakes at the FPA? I don’t think so as they are even worse x 10. Plus they’re just the puppets of AMP. Are Professional Associations the retirement strategy for fat old dealer group heads bred on the commission gravy train of the 80’s? Time we blow up these bodies and we start from scratch.
i urge one and all to please consider membership of the FPA and AFA. they are the most useless organisations you can be a member of.
please please consider worthy charities, these donations will do good and they are tax deductible
please do not waste your time with these associations. as mentioned above, they are good for nothing, and useless in fact, they make our lives even more difficult
it’s a place for fat lazy turds
I’m not disagreeing with you there. I just don’t think this particular organisation should put themselves up on a professional pedestal above anyone else. Anyone in on the ol’ boys club Friday Funny email would probably agree with your comment about the gravy train, it’s time for a changing of the guard and some fresh ideas (and a bit of diversity wouldn’t go astray).
I will be terminating both personal and licensee membership of the AIOFP. Was it not only some months ago that Mr Taxman was self promoting his own Uni courses by insulting all planners by calling them….. lazy and uneducated? Not the type of constructive, uniting talk we needed at the time and Not the person I want to be associated with.
Anyone who has ever attended an AIOFP event (sometimes, they even call it a ‘conference’!) knows the agenda here. Sadly, I held out hope for many years with promises of professionalism, introductions to clients and referrals but what I actually watched was an organisation that spends more time on enormous email threads dedicated to where the next conference is going to be held, what ‘extra curricular’ (don’t ask!) activities will be held than it does on professional development, including the ‘venue scoping’ trips that needed to happen before the locations are voted on. Let’s not even talk about the content in the good ol’ tone-deaf Friday-Funny emails… I always thought that a changing of the guard at the AIOFP could have been really positive thing for the industry, but for me they are just too far gone.
In a Democracy, the people get the government they deserve – Alexis de Tocqueville
Why Adrian why?
Good lord!!! A fox in the hen house. This gentleman can only have one mission – to sell more education courses. And now he is ( apparently) running a body purporting to represent the interests and welfare of advisers and small licencees. Give me strength!!!
Does anyone know where the Association Idiotic Older Fools and Ponziers publish their Financial Statements?
Congratulations Adrian. Hopefully you can kick some goals for the advice industry.
Congratulations Adrian and Sam! Both stand up guys.
Is this Adrian Raftery related to Paul Raftery, Peter Daly’s business partner also implicated in the ‘scandal’?
No relation, common Irish name
”to be sure, to be sure…”
We haven’t seen an educator yet who cares about the advisers! The education path being set out wont help the public as the crooks will pass the requirements. Doe’s anyone understand practical experience? Most of the experienced good advisers are probably leaving so well done guys!
Talk about trainging. All the CPD points are a joke, they are just advertising for a providers product. ASIC should be providing free CPD accredited classes on major topics that concern them, A lesson on the perfect SoA and client file would be good!!!