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Certified Financial Planner (CPF) equals balanced individual financial advice



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F i n a n c ia l P l a n n i n g A s s o c i a t i o n

OF AUSTRALIA LIMITED ACN 054 174 453

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MEDIA RELEASE Embargoed to: 9 April 1999

C E R TIFIE D FINA N CIA L PLA NN ER (CFP) EQUALS BALANCED INDIVIDUAL FINA N CIA L ADVICE

People seeking balanced financial advice which takes into account tbeir personal situation and needs can best obtain this from a Certified Financial Planner (CFP) according to Ms Patti Houlihan, Chair-Elect o f the International CFP Board o f Governors and prominent US financial planner.

Ms Houlihan, who is in Sydney to attend the first International CFP Conference to be held in Australia, was speaking at the launch o f the CFP credential to 300 o f Australia’s most senior financial planners, and their international CFP colleagues.

“The International CFP Council describes financial planning as a process to provide impartial assistance in analysing and organising personal financial affairs, in order to achieve financial and lifestyle goals," she said.

“People should be able to expect that financial planners, when providing advice, will follow a well-defined process that puts the client’s interest and needs first. The CFP credential gives them this assurance."

Certified Financial Planner is the prestigious credential, which represents the highest standard o f qualifications, professionalism and experience in financial planning worldwide.

“In having adopted the CFP designation, Australi a is at the forefront o f the international movement to accept this high benchmark standard," said Ms Houlihan.

FPA Chairman M r Wesley McMaster CFP said that the FPA is committed to high standards o f ethical and professional behaviour among its members, and to ensuring that Australians have access to high quality financial planning.

“Progressively the FPA has worked to establish a benchmark o f quality in professional practice for financial planners, and that benchmark is the prized credential Certified Financial Planner," said Mr McMaster.

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“The FPA restricts the use o f the CFP mark to members who have m et the most stringent educational and experience requirements. By 2003, all practicing members

of the FPA must be CFPs; by the end o f 1999, more than two thirds o f our financial planners will hold the CFP designation."

The CFP is a federally registered mark of the Certified Financial Planner Board o f Studies Inc, based in Denver USA. The FPA is a member o f the International CFP Council, and bolds the license to use the mark in Australia. The CFP is now widespread in the US, UK, Ausiralia, France, Switzerland, Germany, Japan, Canada,

Singapore, South Africa and New Zealand, and more countries are seeking the right to use the marks. In the past year, 40 new trademark applications were registered for use of the CFP mark in an additional 14 countries.

Consumers can gain free information on how to choose a financial adviser, and a list o f FPA members in their State, by calling the FPA 's national FreeCall 1800 626 393 from anywhere in Australia.

Ends

Contact: Sue Coffey Margaret Sullivan

FPA Public Affairs FPA Public Affairs

0413 757 206 02 9224 0846

The Financial Planning Association of A estm lla Limited The Financial Planning Association of Australia (FPA) is the professional association for financial planning in Australia, with around 10,000 members on a national basis, and offices in each capital city. The FPA is a non- profit organisation whose vision is to ensure Australians have access to professional financial

advice, which enhances their financial wellbeing. The FPA promotes improved quality o f financial advice, and high standards of ethical and professional behaviour among its members. FPA members manage the affairs of 3.7 million Australians with an investment value o f over $118 billion and active annual investments o f $36 billion.