Professional Memberships

Financial Planning Association of Australia (FPA)

The Money Managers Limited is a Principal Member of the Financial Planning Association of Australia which is the peak professional organisation for the financial planning industry in Australia. With more than 12,000 members through a network of 31 chapters across Australia and a state office in each capital city, the FPA is the only organisation which represents qualified financial planners in Australia. FPA members manage the financial affairs of over 3.7 million Australians with an investment value of $118 billion and active annual investments of $36 billion.

The FPA represents the views of the industry to key decision makers including government and the media. Established in 1992, the FPA promotes improved quality of financial services for consumers, and high standards of ethical and professional behaviour among its members.

The FPA's membership consists of companies and individuals that practice within or support the financial planning profession. The increase in size and stature of the FPA in recent years reflects the rapid growth of the international financial planning profession. In addition to those who have trained and practised within the financial planning industry, many FPA members are specialist professionals such as accountants and stockbrokers.

These members are now gaining qualifications as financial planners, and are re-orienting their businesses to meet the growing market need for broadly based financial planning.

Code of Ethics and Professional Code of Conduct

The Money Managers financial planners adhere to the FPA standards of professional conduct and code of ethic. The reliance of the public and the business community on sound financial planning and advice imposes on financial planning professionals and obligation to maintain high standards of technical competence, fair dealing and integrity. Professional Standards reflect the commitment of Members of the Financial Planning Association (FPA) to meet a high standard of professional conduct.

The Professional Standards of the FPA comprise the following: Professional Standards set standards of conduct for Members and are enforceable. They may also be recognised by external bodies (such as regulators or the courts) as relevant standards for the providing of financial planning advice. Professional Standards are enforced by the FPA. The Code of Ethics are general standards of a mandatory and enforceable nature. Each general standard will apply to all classifications of membership, unless otherwise stated.

Financial Industry Complaints Service Ltd (FICS)

The Money Managers is a member of the Financial Industry Complaints Service. FICS provides support for investors that wish to formally issue a complaint regarding a product, service or advice received from a member.

FICS explores the nature of complaints with the investor initially prior to advising as to whether it is able to deal with the matter. If FICS can assist, the investor is sent a complaint form to complete and lodge officially. FICS offers a three-stage process for resolution of complaints and an effective alternative to litigation at no cost to the consumer. A brochure outlining the services provided is available upon request by contacting FICS directly by phone.