“With new president Michael Nowak on board and solid foundations for the association’s future now in place, the time is right for me to pass the baton,” Mr Kewin said.
“I am extremely proud of my achievements at the AFA, in particular the way we have represented advisers during what is undoubtedly the most challenging period the profession has ever experienced.
“I would like to thank the AFA team for continuing to deliver outcomes that any large team would be proud of; our volunteer brigade of Communities of Practice, for continuing to build the AFA Community; our AFA Partners for their unwavering support for advice, and of course, our AFA members who continue to demonstrate endurance and resilience in unprecedented times, to deliver great outcomes for their clients.”
The AFA’s general manager policy and professionalism, Phil Anderson, has been appointed acting chief executive while the board conducts a search for Mr Kewin’s replacement.
Only one person with the forward thinking vision to get the AFA back to where they should be and the Pom has buggered off back to the UK
wish dante went instead
Dante is on the way down from the peak…
The AFA has done nothing to save the destruction of the planning industry, but have allowed the banks and the Government to dictate to our industry and drive us into oblivion, with 30% of advisers left or leaving. Incredibly, ASIC is surprised and concerned that advice will not be affordable for the average Australian, let alone the thousands of planning business that no longer exist and the loss of tax revenue as a result. Clearly the right time to increase ASIC levy fees by 160%. Meanwhile more and more of the population are careering ahead financially unguided and mostly under insured. Even the AFA Sponsored Trowbridge says that the ‘reforms’ to the industry have gone way too far. Kewin pocketed 300k to 400k per year for 4 years, presiding over the worst period in history for Advisors and clients and now he is deserting the sinking ship without having achieved anything vaguely important and without any plans for charting the future of the industry… if there is a future!
With all the old lifey’s leaving, the AFA membership will decrease, not enough fees to pay a CEO circa $400k. That’s when it’s time to move on. Fair enough I reckon.
Disgraceful comments – if you think you can do better, you put your hand up for it. It is a tough gig dealing with politicians and financial planners have zero policital capital. Phil Kewin has done his best under very challenging circumstances (far better than the FPA)
Zero political capital? What about the ears of 120 clients per AR? I’d suggest that’s pretty potent political capital. Most of whom are retirees who love a good dust up. Ask Labor how franking credits and negative gearing played out for them – boomers will boom.
Cannot help but agree. We need a leader that understands the political game and has the fortitude to follow it through. Whilst education etc is important not much good is only few left. Last chance for the AFA but important as the FPA is ineffectual.
O shi… hope they get the right person . So many hangers on that will be putting up their hand . I vote for Adrian Raferty
One hell of a tough gig! I wish him well, and can’t help but feel that the industry is a sinking ship and can’t blame him for wanting out.
I feel I know who you are Anon …. I know an adviser who uses these words 🙂
Dude this ship is afloat. Get on it
The ship has a big hole. The people who remain may not end up in the water however be in the tender rather than the main boat.