More training to lift advice credibility

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A post-graduate course has been re-launched by the Association of Financial Advisers to lift the credibility of the financial advice professional in the eyes of the public.

AFA partnered with education provider Kaplan Professional late last year to rebuild its Fellow Chartered Financial Practitioner (FChFP) course.

This is in line with AFA’s focus on encouraging professional development, AFA CEO Brad Fox told Wealth Professional TV.

The curriculum is based on post-graduate level content and is like a mini-MBA for financial advisers.

The course is made up of four units and teaches business strategy, client experience strategy, advanced advice solutions and professional conduct and governance. Each unit takes three months to complete.

Entry requirements are eight units of the Diploma (Advanced Diploma) of Financial Planning plus three years’ practical experience.

AFA campus head Nick Hakes said there are lots of diverse advice businesses out there and “no cookie-cutter approach” for financial advice solutions for clients, or a professional pathway for advisers.

It is an online and peer-group business course rather than academic – with technical and practical teachings – which will help advisers advance their business practice and lift the credibility of the financial advice professional, Hakes said.

The FChFP is open now for enrolments and AFA already has a group of financial advisers completing their first unit and finalising strategic plans for their business. The course is relevant for both self-employed advisers and salaried advisers, AFA said.
There is no limit on how many advisers can achieve the FChFP.  

Watch ‘AFA urges advisers to continue on education path’ to find out why AFA chose Kaplan to run the course and why it could be useful for you to do.