Following the failure of the United States Treasury bailout and the uncertainty of its impact on global financial markets, the FPA has urged Australian investors to seek financial advice rather than hitting the panic button.
"People are uncertain about the impact the US and global situation will have on them," FPA deputy chief executive Deen Sanders said.
"It will take some time for the detail of the longer-term impact for our economy and the financial planning profession to emerge."
Sanders said things will be getting more uncertain for consumers over the next few months.
"The clear message for everyone is that, in these volatile and uncertain times, people need good advice," he said.
"Everyone is nervous and a lot of people are confused by what it all means and our members are telling us their clients are calling, but importantly they are not panicking about the recent events."
