Who belongs to the AFA

Collectively our diverse membership base provides advice to over 3 million Australians each year, employs over 300,000 people and provides over $40 billion worth of services to consumers and other sectors of the community.
The membership base ranges from self-employed, small business people to corporate giants such as Zurich, ING, CommInsure and MLC and advisers working for these firms.  As a national organisation AFA is committed to providing services to advisers in both city, regional and rural areas.

2005 Member survey results

Membership

• Membership is growing at a rate of 20% per annum

Membership makeup

• Large licencees and institutions
• Small/medium licencees
• Individual advisers
• Students

Australian Financial Services Licence

• Approx 26% of members have their own AFSL
• Approx 74% of members are part of a larger AFSL

Primary products

• 28% write platforms/wraps/masterfunds
• 13% write superannuation
• Less commonly members used insurance bonds, maring lending and tax effective products

Practice staff numbers

• 55% have practices with three staff or less
• 45% have practices with four or more staff