Interprac agrees to pay first 6 months of membership to AIOFP for its members

Hi, we are pleased to inform you that well the respected Dealer Group INTERPRAC have agreed to fund their 400 Adviser cohort’s first 6 months AIOFP Membership to assist our emerging Political lobbying strategy in Canberra.

SEQUOIA Director, CEO of Interprac and AIOFP Director Garry Crole has participated in and been impressed with our activities in Canberra over the past 2 years dealing with the Minister Jones’ office, Shadow Angus Taylor and key Treasury officials.

The Advisers will then have a choice in 6 months’ time to maintain their membership or opt out.

Garry stated – ‘The best investment a consumer can make is to invest in advice from a professional that has both a legal and ethical obligation to act in their best interests. The AIOFP is dedicated to reducing red tape and supporting an advice industry that has reduced alarmingly in numbers over the last 4 years and our decision to enrol our advisers as members is our investment in tomorrow’s next generation of advice professionals’.

We are now entering the re – election phase of the political cycle and taking our membership from 3650 to over 4000 Advisers will be noticed by all Political parties. 400 Advisers with say 200 clients each translates into an additional 80,000 votes at the ballot box, a significant number in a close election.

Garry was one of our foundation members in 1999 and has believed in the AIOFP objectives and market conduct to get things done over the past 26 years. We may not be orthodox with our approach, but we get the job done, the old Association ‘sit on the fence’ political mentality only ends up with getting ‘shot’ from both sides.

Associations need to bypass old convention, become relevant for members and actually stand for something in our view.

We are particularly pleased that only 2 Advisers opted to NOT take up the offer. This strongly indicates the ‘divide and rule’ political tactics employed by the Institutions over the past 30 years to polarise the market are now rapidly diminishing – and that is a good thing for the Advice community.


Peter Johnston | Executive Director
Association of Independently Owned Financial Professionals
Suite 1211, 1 Queens Road, Melbourne VIC 3004
P 1800 111 203, d 03 9863 7574, m 0418 857 621 | Download my business card

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