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Sydney, 29 September 2015: 5 Wealth Management Pty Ltd of Rhodes in Sydney has been accredited as an FPA Professional Practice by the Financial Planning Association, in recognition of their high professional and ethical standards.

The Financial Planning Association (FPA) is Australia’s peak professional body for financial planners. The FPA Professional Practice program is designed to recognise financial planning practices that go above and beyond, to deliver best practice financial advice in the local community.

As an FPA Professional Practice, 5 Wealth Management is now eligible to use FPA Professional Practice branding in their offices, on the company website and marketing literature to clearly differentiate the practice.

To quality for FPA Professional Practice status, businesses undergo a rigorous screening process and are required to meet the following requirements:

  • Over 75 per cent of financial planners must be FPA members
  • Over 50 per cent of financial planners must be CFP® professionals, or will be within three years.

As an FPA Professional Practice, 5 Wealth Management will also undergo regular audits and surveys as part of the FPA Quality Practice Assurance Program to ensure it continues to meet the high standards set by the FPA.

Matt Farrell, Principal of 5 Wealth Management (trading as 5 Financial) said:

“As an FPA Professional Practice, we are delighted to be able to show both existing and potential clients that they are dealing with a financial planning business of the highest professional standing.”

“We have been part of the Rhodes area for more than a decade and we see our FPA Professional Practice accreditation as helping us to stand out among financial planning advisory firms.”

FPA CEO Mark Rantall said:

“The FPA Professional Practice program recognises quality financial planning practices that are providing the highest quality financial advice in their community.”

“With only two in five Australians seeking financial advice, we are working hard to address this gap by increasing consumer trust in financial planning. Consumers don’t know where to turn for advice they can rely on. If they look for an FPA Professional Practice, this is a perfect place to start.”


Find out more about our wealth management services, or book a complimentary no-obligation consultation with one of our wealth management advisers. Phone 02 9739 6555 or please complete our contact form. We look forward to chatting with you about how we can help you optimise how your finances are sorted, to support you well in achieving all your life’s goals.