Death of a trade body? Inadequate funding risks muting adviser voice

APFA is to merge with the WMA

Hannah Godfrey
clock • 3 min read

Advisers are failing to cough up the cash to pump into trade bodies, which will inevitably result in smaller bodies being swallowed up by larger ones - and the adviser voice being weakened in the process, writes Hannah Godfrey

On 8 May, the Association of Professional Financial Advisers (APFA) and the Wealth Management Association (WMA) announced plans to create the Investment Management and Financial Advice Association (IMFA) with effect from 1 June. Under the plans WMA would "absorb" the business and membership of APFA and then change its name to IMFA.  The proposals, which are reminiscent of the Institute of Financial Planning's merger with the Chartered Institute for Securities & Investment in late 2015, look to be financially motivated. According to its annual reports, APFA's turnover, which is calc...

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