Broker association surpasses 13,400 members, highlights education and advocacy focus
The Finance Brokers Association of Australia (FBAA) has recorded a notable increase in membership, reaching 13,298 members by June 30 and exceeding 13,400 by August 1.
According to Peter White (pictured), FBAA managing director, 2,174 new members joined the association over the past year, resulting in significant net growth despite retirements and departures from the industry.
“We are grateful for the confidence our members have shown in us, by making us the nation’s largest industry association for individual finance and mortgage brokers,” said White, who clarified that the FBAA does not double count members who belong as both individuals and companies.
According to him, approximately 95% of members hold only FBAA membership, which he described as an important factor in understanding broker numbers. He also noted that 92% of members are customer-facing brokers, while the remainder includes retired members, non-loan writers, and students who joined through the association’s initiatives to support industry development.
The past year included the launch of several educational programs. “We were pleased to launch the Certified Finance Broker (CFB) program in collaboration with CFMIA, and the ‘Diploma with a Difference’,” White said. “Of course, we have just completed our Elevate PD Series which sold out venues around the country, and the Commercial Masterclass series.”
Advocacy remains a key focus for the association. “We’ve continued to meet with senior ministers, senators and even had a private dinner meeting with the prime minister as part of our efforts to reduce clawbacks,” he said.
Looking ahead to 2025-2026, the FBAA plans to maintain engagement with regulators and members of parliament, and to further develop its education platforms. White said the goal is to ensure members have access to “a solid and relevant base of knowledge… at the highest professional capabilities available.”
He also acknowledged the association’s high member satisfaction ratings and said the FBAA is working on “improved technology driven systems solutions to better assist members with engagement and access to enhanced services and products soon to be launched.”
“It’s been a very big year investing in our team, and an even bigger year ahead investing into our business and members,” White said.
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