We as a business are very proud that all of our Advisers hold the Internationally recognised FChFP which we view as an MBA for Financial Advisers. MPW Advisers were one of the first Adviser firms in Australia to complete this prestigious program.
Dr. Dennis J. Maddern
International FChFP Designation, Association
The Fellow Chartered Financial Practitioner (FChFP) is awarded by the Asia Pacific Financial Services Association (APFinSA), and is the highest educational designation, the term 'Chartered' being an indication of the high level of professional competency required.
Individuals who hold the FChFP designation have the ability to display the FChFP mark of excellence to affirm to clients and peers their dedication to best practice standards. The FChFP also provides a gateway to an international career as it is recognised by all 11 members of the Asia Pacific Financial Services Association (APFinSA) including Australia, Hong Kong, India, Japan, Macau, New Zealand, the Philippines, Singapore, Taiwan & Thailand.
During 2010 I was honoured to be made a Fellow CIP wihich is the highest recognition for an Insurance Professional in Australia and New Zealand. On behalf of MFA P/L I was proud to receive this award.
Dr. Dennis J. Maddern
Fellow Certified Insurance Professional (CIP)
The Australian and New Zealand Institute of Insurance and Finance’s CIP (Certified Insurance Professional) program sets the standard of professionalism for the insurance and financial services industry.
CIPs are insurance professionals who distinguish themselves through an Institute qualification or recognised equivalent, maintain up-to-date technical skills and knowledge through a program of professional development and abide by the ANZIIF Code of Ethics, ensuring best standards of professional practice and integrity.
Some 80% of all Financial Planning firms are owned by a Bank or Insurance company. The 20% that are not are considerered to be independently owned. MFA P/L are proud to be a Principal Member of AIOFP.
Dr. Dennis J. Maddern
Association of Independently Owned Financial
The Association of Independently Owned Financial Planners (AIOFP) is Australia's peak body of independently owned financial advice practices. As well as being the first adviser to receive the AIOFP's elite Certified Financial Strategist (CFS) designation, Dr. Maddern was named Adviser of the Year for 2010.
He has become our first Certified Financial Strategist. He was the first to support our Filtered Research Committee and he has pledged his support for Personal Choice Private
Peter Johnson, Executive Director of the AIOF
Member of the Year, AIOFP
Dr. Dennis J. Maddern is the joint recipient of the AIOFP’s inaugural "Member of the Year" award for 2010. The award, selected by a panel of judges, recognises the person who has made the most significant contribution to the AIOFP for the year.
Dr. Maddern was commended for consistently being one of the first to support important AIOFP initiatives. Dr. Dennis J. Maddern has been invited to become a board member of the AIOFP.
As Certified Financial Strategists, the Madderns represent a new era in financial planning where clients know the advice they receive comes from professionals who have broad industry knowledge, experience and the right educational qualifications to best represent their interests
AIOFP
Certified Financial Strategists, AIOFP
In August 2010, Maddern Private Wealth’s team of advisers became the first to qualify as Certified Financial Strategists, the new benchmark for the AIOFP.
The Certified Financial Strategist (CFS) designation sets out the ideal set of guidelines, standards and environment to receive professional independent advice. A CFS certification gives clients the peace of mind that their advisers are acting in the client’s best interests, with reliable information and advice in a cost effective and conflict free manner. A CFS adviser must:
- Work for an independently owned financial practice - there is no conflicting influence of institutional ownership;
- Charge on a fee-for-service basis – they receive no commissions or other conflicting inducements from product manufacturers or institutions;
- Have access to filtered research facilities which is critical to the advice process – filtered research ensures ongoing surveillance of the product and markets;
- Be highly qualified – they must hold a Diploma of Financial Planning and have a minimum of 3 years experience as a financial adviser;
- Be ASX and industry fund educated – direct ASX products and industry funds are important segments of the market that need to be considered in a client’s portfolio.
Given that SMSF are a 'Centre of Excellence' for Maddern Private Wealth, we are thrilled to have all of our Advisers SSA™ status. We believe that this qualification is essential if we are to provide our Clients with the best and most up to date advice on SMSFs.
Dr. Dennis J. Maddern
SPAA accredited SMSF Specialist Adviser
Dr. Dennis J. Maddern has obtained the SMSF Specialist Adviser (SSA™) which is an elite designation of the ‘peak’ SMSF body, the Self Managed Super Fund Professionals’ Association of Australia (SPAA), designed to recognise the quality operators in the industry, SSA™ have undergone an independent accreditation program which not only tests knowledge of SMSF legislation and regulatory requirements but also assesses professional business and ethical practices to ensure ‘best practice' standards. SPAA Specialists are required to maintain their skills and knowledge through continuing education. The SPAA Specialists' work practices, integrity, professionalism and ethical standards are also reviewed on an on-going basis as part of SPAA's Quality Review Program.
