FPA clarifies its position on licensing

Following the publication of a recent media article, the FPA would like to clarify its position on licensees and the licensing system.

“Licensee/dealer groups play an important role in supporting financial planners so that they can provide best practice quality advice to their clients,” said Dante De Gori CFP^®, CEO of the FPA.

“The FPA does not have a policy position advocating for self-licensing as a preferred licensing model and maintains its position as being neutral and agnostic regarding the licensee model structure.

The role of a licensee is critical to the current regulatory system and each financial planner must decide which licensee structure and/or business model works best for them and their clients.”

The FPA apologises for any confusion caused with recent commentary in the press regarding this issue.