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AFA urges advisers to continue on education path
As the industry spotlight moves on to adviser education, the AFA teams up with Kaplan Professional to release refreshed postgraduate options for advisers, creating a clearer continued education path.
Video transcript below:
Brad Fox, AFA, CEO
Brad Fox: We are celebrating the re-launch of the FchFP, the Fellow of Chartered Financial Practitioner Program, which over the last six months rebuilt with Kaplan Professional. This is a leading edge program, it’s set at a post-graduate level. Put through the toughest level of the courses available to advisors.
Nick Hakes, Head of Campus, AFA
Nick Hakes: The financial advice landscape has changed dramatically over recent years and the number of advice businesses is just simply diverse and there is no cookie cutter approach or a silver bullet when it comes to providing financial advice solutions for clients and there is no cookie cutter approach when it comes to a professional pathway for financial advisors. So what we have built with the FchFP is not really an academic course, it’s more of a business course and the business course captures I guess the balance between technical competence and knowledge and its practical application. We know through our research of working with the leading advice practices around Australia that there is a number of critical success factors that they need. So we have created the FCHFP at a post-graduate level, where we have read through all of the technical content, we have put it through the lens of a practitioner and advisors move through the FCHFP and implement four business projects into their business. So really they are taking academic post graduate thinking and they are implementing it straight into their business.
Brad Fox: We decided Kaplan Professional because around the world most people in Australia don’t realise the size and the depth of quality of Kaplan as an organisation. Here [we are like and] mostly the CBD stuff in advisor land. There is so much more than that.
Nick Hakes: We see education as the next inflection point for our profession and the FCHFP is a program that’s going to enable advisors to enhance their business performance, deliver quality advice outcomes to their clients and really lift the credibility of the financial advice profession in the eyes of the consumer.
Stay educated, stay ahead.
On a busy adviser's list of priorities professional education can often fall to the bottom, however, Brian Knight of Kaplan Professional Education insists that advisers need to keep addressing gaps in their knowledge.
Specialisation, education and technology key to year ahead
As the end of the financial year fast approaches, advisers must look ahead to what changes and improvements can be made in the coming year. On this weeks' Wealth Professional TV we catch up with Ben Kingsley of Empower Wealth and Graeme Colley of SPAA for their insights into things to come.
Growing need to attract more female advisers
Discussion around the gender imbalance in financial services is a mainstay on the agenda. However, with a growing number of women in the space, many believe the industry should be doing more to attract female advisers.
Convergence of financial service roles to be seen as an opportunity
Financial services in 2013 is seeing the broking and planning professions increasingly converge. This week Wealth Professional caught up with Mark Woolnough of ING Direct for his insights into how this convergence can produce opportunities for planners.
Budget 2013-14: What advisers need to know
The 2013-14 Budget was announced by Treasurer Wayne Swan on Tuesday night, and as the dust settles for another year, there are mixed feelings on just how financial services will be affected.
ASIC warns advisers to be vigilant in SMSF advice
A report released by ASIC in April reaffirmed the regulator’s commitment to ensuring advisers offer quality SMSF advice to investors.
Graeme Colley from the SMSF Professionals Association of Australia agrees that advisers must be diligent in the quality of advice when advising clients to establish their own fund.
The difference between average and high performance
The launch of the Association of Financial advisors white paper looking at the consumer-advice relationship offers rare insights into where exactly financial planners need to target improvements to service. Brad Fox of the AFA talks to Wealth Professional about the key differences between average and high performance.
How your vote will affect your business
As the Federal Election looms, many financial planners are considering how their vote will impact their business. We speak to Shadow Minister for Financial Services and Superannuation Mathias Cormann about what the Coalition's policies will mean for financial advisers.
How to cut the fee disclosure red tape
Financial planners will soon have to provide fee disclosure statements to their clients. Claire Wivell Plater of The Fold says it doesn't have to be an administrative headache.