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= Independent Financial Advisers Association of Australia =

The Independent Financial Advisers Association of Australia (IFAAA) was established in 2010, with the purpose of promoting genuinely independent financial advisers to stand out from the rest of the financial planning community. These advisers now practice the IFAAA’s Gold Standard of Independence.

Gold Standard of Independence
The IFAAA Gold Standard of Independence guides Australians on how to find financial advisers who practice without incentive and without conflicts. For the public, this symbol is a beacon for genuinely independent financial advice. For Practising Members, this symbol is evidence they have satisfied the most stringent standard of independence in the profession.

To qualify as an IFAAA Practising Member, advisers must satisfy these three criteria:
 * 1) No ownership links or affiliations with product manufacturers.
 * 2) No commissions or incentive payments from product manufacturers.
 * 3) No asset-based fees.

Submission to PCS to become a Profession
On 1 December 2017, the IFAAA announced its intention to become a profession by submitting an application to the Professional Standards Councils (PSC) for an Occupational Scheme, under the Professional Standards Act 2004. This means, when successful, all members of the IFAAA will be nationally and legally recognised as professionals, a ground-breaking first in Financial Services.