The Stockbrokers And Financial Advisers Association (SAFAA) has three main roles.
Firstly, it is a policy and advocacy body for institutional and retail stockbroking firms and investment banks.
Secondly, it is a professional association that provides education, training and policy and advocacy for investment professionals.
Thirdly, it is a code monitoring body for the purposes of the Tax Agent Services Act (TASA).
The Association promotes high standards by requiring that all members comply with its Code of Ethical and Professional Conduct.
The Association was formed in 1999 as the Securities & Derivatives Industry Association (SDIA), then became the Stockbrokers Association of Australia (SAA), and in November 2016 became the Stockbrokers And Financial Advisers Association (SAFAA).
Since 1999, SAFAA and its predecessors have played a pivotal role in shaping the ethical and efficient development of the equities and derivatives markets in Australia.
Specifically, the Association has:
- trained more than 10,000 investment professionals
- convened hundreds of Workshops and Committee Meetings to discuss industry issues
- submitted dozens of thoroughly researched policy papers to government and regulators - papers that have significantly influenced policy settings
The Association's point of difference is that its members are a dedicated group of investment professionals who work at the coal face of the industry and come together under the SAFAA umbrella to make a difference. SAFAA's members do not sit back and hope that things will magically get better. They roll up their sleeves and make sure that they get an outcome that delivers ethical and efficient markets.
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