IFAA Profile

The Independent Financial Advisors Association Limited (“IFAA”) is the first industry association specifically for corporations engaged in the provision of financial advisory services in Hong Kong.  Founded by a group of industry veterans, the IFAA aims to reach out to three core audience groups, namely government regulatory bodies, IFAA members and the general public.  The IFAA will help independent financial advisors keep abreast of the international best practices.  Specifically our focus includes working with regulators on the best way to:

  • Establish guidelines on making proper investment advice
  • Establish guidelines on giving sufficient explanation for clients to make informed decisions
  • Handle commission and rebate disclosure to avoid conflict of interests
  • Handle professional indemnity insurance requirement on investment advice
  • Handle client agreement requirement on insurance broking and investment advisory
  • Issue best practices for investment-linked insurance brokers

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IFAA Vision

To provide and cultivate the development of professional independent financial advisory services to further enhance Hong Kong as the preferred regional financial services centre.

IFAA Mission

As the voice of the IFA community in Hong Kong, the IFAA will support and campaign for an equitable wealth management industry through advocacy of regulatory convergence in the insurance, banking and broking industries.  The IFAA will also promote the adoption of best practices through a corporate member accreditation process that serves as a quality mark for the industry.

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Join Us

All organisations engaged in the provision of independent financial advisory services, including the selling of insurance and unit-linked products, are welcome to join the IFAA. Find out more here.