FPA appoints new chair, director

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Published by Financial Standard.

The Financial Planning Association has chosen a board member to chair its board.

Marisa Broome will move into the role when current chair Neil Kendall's term concludes in November.

She has worked in the financial services industry for over three decades and has been on FPA's board for two terms.

"She has been an active member of the FPA since its inception, including involvement in national committees for professional education, annual conferences and the Sydney Chapter," a statement from the FPA said.

His spot is going to Paul Ruiz who currently sits on NSW Treasury's audit and risk committee.

"Paul is highly skilled in risk management, financial reporting and audit practices. He brings to the FPA Board more than 30 years of experience with 'Big 4' accounting firm KPMG," a statement said.

Outgoing FPA chair Kendall ticked off two long-term milestones for the profession - the enshrinement of the terms 'financial planner' and 'financial adviser' in law, and the recognition of financial planners as signatories for Commonwealth statutory declarations, alongside lawyers, medical practitioners and justices of the peace, the association said.

"I'm delighted to be handing over the reins to Marisa. She will make an outstanding chair and has the skill and vision to lead the next chapter of the FPA's professional journey. Her experience running her own financial planning practice in Sydney for the last 21 years equips her well to understand and meet the challenges facing the profession," Kendall said.

Broome openly acknowledges that while challenges lay ahead for the financial planning profession, there are also great opportunities, the association said.

"We will continue to focus on strong professional standards, professional education and engagement with consumers around quality advice. At the same time, we'll be building a story centred on trust and the improved standards of FPA practitioner members," Broome said.

"I am incredibly proud and honoured to be the incoming chair, and I am most proud of the effort, commitment and passion so many in the profession demonstrate every day.

"Undoubtedly, there is a need to rebuild community trust in the financial planning profession, but that's an opportunity for us to seize and build upon, together with a focused commitment to ongoing education, ethical governance and accountability," she said.

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