financial-advisors-unite

Financial advisors, unite!

Hong KongÆs financial planning industry creates new lobby group.
August 07, 2006
Independent financial planners in Hong Kong have set up a new advocacy organisation to work for financial advisors. The Independent Financial Advisors Association IFAA has been established as a non-profit entity partly in response to increasing regulation.

ôA few months ago, the Securities and Futures Commission asked various IFAs for comments about compliance and regulation,ö says Sydney Sze, CEO of Midland Wealth Management and the IFAAÆs new chairman. ôWe thought it would be best to have one voice.ö

About 200 IFAs, representing 3,000 individual financial planners, are founding members.

The IFA community has so far failed to make a dent in banksÆ market share for distributing investment products. It has also come...
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