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AFA plans significant growth

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By Julia Newbould
  •  
3 minute read

The Association of Financial Advisers is expecting a big boost to its membership numbers by the end of the year.

The Association of Financial Advisers is hoping to double its membership by the end of 2008 and grow to at least 1500 by the end of this year.

To assist with this growth, the AFA announced the formation of an executive committee of the board to work closely with chief executive officer Richard Klipin on special project.

Comprising the new national executive is AFA national president Dennis Bateman, Klipin, vice-president Paul Riegelhuth, and treasurer Mark Hawes.

"The AFA needed a senior team drawn from the board that meets regularly to assist CEO Richard Klipin with the association's expanding base of activities," Bateman said.

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"We are looking forward to ensuring we have the infrastructure to meet the expectations of new and existing members."

Following a meeting of its new executive in Sydney this week, Bateman said growing the membership was one of the main aims for 2007.

"Growing the membership this year is an important issue. We'd have more relevance if membership reached the 2000 mark and even 3000," Bateman said.

"We are preparing for another year of 20 per cent growth in membership as advisers seem to want our style of educational and support services."

Bateman said the association was also focused on attracting younger advisers to the group. "We have a major commitment to skilling-up young advisers in the city and in regional centres.  We want to encourage younger members to step up and take responsibility. It's a win-win situation for all. We can learn from them and they can learn from us," he said.