MEETING STRINGENT STANDARDS: GTC Financial managing director Neville Hughes.
MEETING STRINGENT STANDARDS: GTC Financial managing director Neville Hughes. Katrina Elliott

Status makes firm only FPA professional practice in town

GLADSTONE company GTC Financial has achieved Financial Planning Association Professional Practice accreditation.

The status, which recognises the business's high professional and ethical standards, makes GTC the only FPA professional practice in the Gladstone region.

Neville Hughes of Gladstone's GTC Financial services said he was delighted to be able to show both existing and potential clients that they were dealing with a financial planning business of the highest professional standing.

"We have been part of the Gladstone region for 16 years and are the only FPA Professional Practice in this region," he said.

"We see our FPA Professional Practice accreditation as also helping us to stand out as an employer of choice for financial planners."

As an FPA Professional Practice, GTC Financial services can use the exclusive FPA Professional Practice brand in its offices, website and business collateral to clearly identify itself as a high quality, professional business.

Financial planning businesses can apply for FPA Professional Practice status, and to qualify, they need to undergo a rigorous screening process.

Businesses accredited as FPA Professional Practices then must agree to a three-year review of their business to maintain its status.

FPA chief Mark Rantall said the professional practice designation recognised quality financial planning practices providing the highest-quality financial advice.

"With only two in five Australians seeking financial advice, we are working hard to address this gap in by increasing consumer trust in financial planning," Mr Rantall said.

"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."

There are about 30 FPA Professional Practices in Australia.