FIFA Annual Conference

Our aim is to make every IFA into an EFA

Dhruv Mehta, Chairman, FIFA

The Chairman of any dynamic organization takes on the mantle of articulating the vision and mission of the entity, and then galvanizes the team to work purposefully towards achieving them. His job is to sense when to change gears and steer the organization towards newer goals that become relevant at different points in time. In Dhruv Mehta, FIFA clearly has a Chairman who knows this and who is delivering very capably on these expectations.

At the recently concluded 3rd annual conference of FIFA, Dhruv used the Chairman's speech to not only set out the impressive array of research work and regulatory engagement that FIFA has done in recent times, but also changed gears visibly by articulating an overarching credo that will now define FIFA's mission - and that is to enable every IFA to become an EFA - an excellent financial advisor.

So, while the engagement on policy matters will continue as before, there will increasingly be a lot more emphasis on guiding every IFA member towards excellence. Before he articulated FIFA's credo, Dhruv put up these 2 slides which speak very eloquently of FIFA's evolution into a truly pan-India IFA association.

Here are the slides he shared on FIFA's credo - of enabling every IFA to become an EFA.

Just reading this credo gives one the goosebumps - and strongly affirms the pivotal role that an IFA plays in shaping the financial success of client families and thus contributes meaningfully towards the nation's progress towards prosperity. An IFA who actually lives out this credo ought to walk with his head held high, and those who are not quite there yet, ought to resolve to work towards such a position in their profession.

For those interested, here is a link to Dhruv's entire presentation,which summarizes the activities of FIFA over the last year.

The timing of FIFA articulating its push for excellence could not have been better: while industry tailwinds are driving volume growth, intense and disruptive competition in intermediation spells doom for mediocrity and stupendous prospects for excellence. FIFA's mission of enabling every IFA member to transform into an EFA can enable IFAs to successfully ride this growth wave, build strong businesses, and serve many more investors well. FIFA has done a wonderful job with its proactive, research based regulatory engagement in recent years. All eyes will now be on FIFA as it seeks to live the credo that its Chairman has so eloquently articulated.

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