AIOFP enters strategic alliance with IFPA

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

In a move which the two organisations say reflects the evolving financial services landscape, they said it ensured the interests of independently owned financial professionals are effectively represented.

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

The announcement said that IFPA represents a community of approximately 4,000 financial professionals spanning accounting, bookkeeping, financial advice and superannuation while AIOFP is claiming around 5,000 financial advisers.

It said that while each 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 said.

“For IFPA members looking to sell their practice or establish advisory partnerships for their clients, this alliance provides significant opportunities. Likewise, AIOFP members seeking to strengthen their accounting relationships will gain access to a broad and trusted professional network. Additionally, IFPA members exploring new revenue streams will benefit from seamless entry into AIOFP’s well-regarded Succession Planning program, ensuring long-term business continuity and client 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 said.