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Membership Benefits

Benefits of AIOFP Membership

  • The ability to use the AIOFP logo on all letterheads and promotional material where the term ‘Independently Owned’ is permissible.
  • Political and commercial representation with all industry stakeholders.
  • Access to the Certified Financial Strategist (CFS) designation.
  • New client referrals from industry fund, corporate clients and related organisation activities for CFS designated Advisers.
  • PI Insurance Service that provides real benefits with price and cover.
  • Training facilities through strategic alliances with partner organisations.
  • Commodity discounts.
  • Complimentary 12 month subscription to ifa (Independent Financial Adviser) magazine valued at over $89.
  • Exclusive discounted rates for AIOFP members to attend Momentum Media wealth events providing access to AIOFP CPD points (events include: ifa Business Strategy Day, Adviser Innovation, ifa Excellence Awards & Wraps, Platforms & Masterfunds Conference)
  • Course discounts available for FASEA related subjects through TAFE NSW and KAPLAN contact Member Services for details
  • Monthly Webinar series primarily around ethics related subjects complimentary to members.

Filtered Research Committee

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Filtered Research Committee

AIOFP has been critical of the widespread industry practice of product manufacturers paying research houses to rate their products. This profoundly conflicted practice has been a major contributor to the $29 billion of failed or frozen funds since 2006 where all products had a positive rating from at least one conflicted research source.

FRC’s objective is to deliver a cost effective professional service to members using global player Mercer for managed funds and Lincoln Indicators for ASX products. They are complemented by local entity McGregor Asset Consulting.

The FRC constructs a concentrated Approved Product List which is under constant review by an independent asset consultant. The APL includes updated performance and asset allocation data to allow you to make informed decisions on behalf of your clients and assists you in your Compliance requirements. Furthermore, the FRC also constructs model portfolios for your use including performance benchmarking.

The FRC includes:

  1. Profiles of Exchange Traded Funds (ETF), Listed Investment Companies (LIC) & Managed Funds including the quarterly report of well rated funds
  2. Regular updates on FRC activities via the AIOFP website
  3. Email alerts of research changes to the Managed Funds in your model portfolios
  4. A Quant tool to review the intricate details of your clients investments and portfolios
  5. Super Comparator tool to allow you to compare superannuation funds for a Statement of Advice.
  6. Historical library of research papers
  7. The FRC provides integrated ETF, LIC and Managed fund profiles within Coin and Xplan’s software for ease of templating your Statements of Advice and review reports.

AIOFP Compliance Service

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AIOFP Compliance Service

ACS provides Adviser Review Services by a professional panel of independent compliance professionals. They will review Financial Advisers/Planners and Mortgage Broker Advisers who are either Authorised Representatives or who have their own AFSL.

We currently have Reviewers located in QLD, NSW and WA but can undertake reviews across Australia. They will also provide value-add services as required and assist the business of the Adviser/Broker to ensure compliance with legislative and regulatory requirements but with a business overview with an effective approach to an adviser/consumer, cost-effective friendly service.

Certified Financial Strategist

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Certified Financial Strategist

Like any profession there are always different levels of adviser competency and environments in which they work. The Certified Financial Strategist designation was specifically designed to select the ideal set of guidelines, standards and environment to receive professional independent advice.

Benefits of a CFS Adviser

  1. CFS advisers must work for an independently owned financial practice – there is no conflicting influence of institutional ownership
  2. CFS advisers charge on a fee for service basis – they receive no commissions or other conflicting inducements from product manufacturers or institutions
  3. CFS advisers have access to filtered research facilities which is critical to the advice process – filtered research ensures ongoing surveillance of the product and markets
  4. CFS advisers are highly qualified – they must hold a Diploma of Financial Planning and have a minimum of 3 years experience as a financial adviser
  5. CFS advisers are ASX and industry fund educated – direct ASX products and industry funds are important segments of the market that need to be considered in a client’s portfolio

These benefits of using a Certified Financial Strategist represent the ultimate environment for dispensing advice. The Certified Financial Strategist adviser possesses all the critical elements to give clients peace of mind that they are acting in the client’s best interests with reliable information and advice in a cost effective and conflict free manner.

FASEA Approved Courses

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FASEA Approved Courses

AIOFP has entered into agreements with TAFE NSW and KAPLAN for discounted fees for members undertaking FASEA approved courses.

For details and more information contact:

Ray Bailey
Member Services Manager
Tel: 0417 878 116
rbailey@aiofp.net.au

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