Financial advice you can trust.
Members of CIFAA are not aligned with banks, financial institutions, super funds or insurance companies. Nor do they receive payments or commissions from these bodies. This is why CIFAA members only act in your best interests.
Certified Independent
Advisers must:
Certified Independent
This symbol represents CIFAA’s seal of approval and helps Australians select a financial adviser who operates without receiving incentives and without conflict.
In order to be Certified Independent, a financial adviser needs to satisfy CIFAA that their business has been structured in such a way as to remove any potential conflict of interest with financial institutions or financial product providers.
Certified Independent Advisers must:
Certified Independent
This symbol represents CIFAA’s seal of approval and helps Australians select a financial adviser who operates without receiving incentives and without conflict.
In order to be Certified Independent, a financial adviser needs to satisfy CIFAA that their business has been structured in such a way as to remove any potential conflict of interest with financial institutions or financial product providers.
Have no ownership links or affiliations with financial institutions, super funds or insurance providers.
Not accept commissions or volume based payments related to the placement of a financial product.
Not receive any other gift or remuneration that may reasonably be expected to influence the advice provided.
Choose a CIFAA member for financial advice you can trust
Locate a CIFAA member near you today. Only CIFAA members are certified independent and are free from the potential conflicts which exist when advisers receive payments and commissions from institutions.
An association you can trust
CIFAA proudly exists to support and assist our members and consumers. We have a number of aims which relate to improving outcomes for consumers and benefitting the community more broadly.
Raise public awareness of the benefits of independent financial advice.
Promote the value of independent advice to financial planners and students contemplating a career in financial planning.
Contribute to the development of public policy on matters dealing with all aspects of Australians’ financial wellbeing.
Promote the interests of independent financial advisers.
Are you a nearly independent advisor?
Many Australian advisers possess a strong independent spirit but may not meet the criteria outlined in Div293(a) of the Corps Act. Consequently, they cannot officially label themselves as independent.
CIFAA is dedicated to supporting advisers in transitioning their businesses to an independent model. This shift benefits individual advisers by making their practices easier to manage. Moreover, it contributes to the overall advancement of the advisory community as we strive towards professionalisation.
To facilitate this transition, CIFAA has introduced the Independent Advice Mentoring Program. Our aim is to assist you in navigating the complexities involved in transforming your business into a Certified Independent Firm.We can help answer tricky questions like:
- Should I set up my own AFSL or move to an independent dealergroup?
- How do I move to a fixed fee model?
- How can I transition away from my legacy risk book?
Whether you’re a newcomer to the industry or a seasoned advisor, we encourage you to get in touch. Schedule an online meeting by clicking the button below.
