AIOFP enters strategic alliance with IFPA | Australian Markets

The Affiliation of Independently Owned Monetary Professionals (AIOFP) has entered into a “strategic alliance” with the Institute of Monetary Professionals Australia (IFPA).

In a transfer which the 2 organisations say displays the evolving financial companies panorama, they mentioned it ensured the pursuits of independently owned financial professionals are successfully represented.

The alliance is undermined by a mutually-agreed Memorandum of Understanding.

The announcement mentioned that IFPA represents a group of roughly 4,000 financial professionals spanning accounting, bookkeeping, financial advice and superannuation whereas AIOFP is claiming round 5,000 financial advisers.

It mentioned that whereas every organisation “services distinct professional needs, their commercial and structural synergies make this partnership highly compelling”.

“A key component of this collaboration is the expansion of professional development opportunities across both memberships,” their joint announcement mentioned.

“For IFPA members seeking to promote their apply or set up advisory partnerships for his or her shoppers, this alliance gives important alternatives. Likewise, AIOFP members searching for to strengthen their accounting relationships will gain entry to a broad and trusted skilled community. Moreover, IFPA members exploring new income streams will benefit from seamless entry into AIOFP’s well-regarded Succession Planning program, making certain long-term business continuity and shopper retention.

“Beyond these practical advantages, this strategic alignment strengthens the profession’s collective capacity to engage with policymakers. The organisations will combine to advocate for common sense reform of the regulatory environment including reference to the inclusion of accountants to provide structural superannuation advice and the compensation scheme of last resort (CSLR),” the announcement mentioned.