Disaster victims to get pro bono advice

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The Financial Planning Association of Australia (FPA) has launched its pro bono service to provide free financial advice to Australians affected by recent natural disasters, including the Queensland and Northern NSW floods and bushfires in Tasmania, Victoria and NSW.

Talking about the effect of the recent disasters, Mark Rantall, CEO of the FPA, said local communities need support to effectively manage change in their personal and working lives.

“Many families have had their homes destroyed and their lives severely impacted by these disasters. The FPA community has come together to set up a pro bono service as a way to connect people affected by these crises with a local financial planner who can provide financial advice and help,” Rantall said.

“The service aims to provide professional financial planning assistance to Australians who are financially disadvantaged and who would otherwise not be able to afford financial advice.”

Rantall has talked previously about the importance of financial planners becoming a part of their local community, to boost the perception of the financial services sector.

“Bringing financial planning back to the community is a great way to promote financial planning in local areas,” he told Wealth Professional in a previous article. 

Rantall says they are still encouraging other financial planners to come forward to offer their services. They have about 12 advisers already signed up, but with the 50 existing pro-bono advisers he says there are currently enough to cope with enquiries.

It is still early stages, but the service will continue as long as it’s required, says Rantall. “At the moment they’re busy trying to get basic necessities sorted out, so [interest] will be over the coming weeks.”

Rantall has talked previously about the importance of financial planners becoming a part of their local community, to boost the perception of the financial services sector.

“Bringing financial planning back to the community is a great way to promote financial planning in local areas,” he told Wealth Professional in a previous article, but he says this campaign isn’t for any reward, but because there are people in need, and financial planners want to help.

“This is something financial planning is all about – helping people.”

The FPA encourages more planners to sign up here to support people in their communities who need it the most.

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