Earlier this week I attended the annual conference of the Association of Independently Owned Financial Professionals (AIOFP). Representing the Real Estate Buyers Agents Association of Australia (REBAA)
These two industry associations have recently formed a strategic alliance to better help our members confidently work with one another and also offer more consumer awareness of our respective fields of specialty.
For those who are not familiar with these two associations here is a brief introduction, the AIOFP was established in 1998 to differentiate the independently owned financial planning practices from the institutionally owned practices in the market place. Institutions owned around 60% of the advice market in 1998, this figure is now approaching an alarming 80%. The investing public, regulators and government need a robust healthy financial services market and the independently owned sector is an important element to give consumers choice and maintain balance.
The AIOFP is the nation’s largest and fastest growing association for independently owned practices, and their aim is to give consumers access to the best advisers around the nation and to provide information to independently owned practices who want to share information with like minded professionals.
REBAA on the other hand was established in 2000 with the goal to raise the profile of the Real Estate Buyers Agent / Buyers Advocate industry. And to establish guidelines for the professional conduct of real estate buyer’s agents nationally. The association has an active involvement in the media to raise the profile of our specialist industry and provide consumer awareness of the value of having a professional property expert on your side when dealing in the property sector.