Financial advisers commit to further education
Financial advisers have become more committed to longer-term education as proved by the growing number of advisers who see postgraduate education as a key component of their career, according to Kaplan Professional.
The Australian education and training provider said there was a trend of increased enrolments into Master of Financial Planning in the first study period of 2017 and that enrolments into its flagship qualification had gone up by 20 per cent compared to the first study period of 2016.
Furthermore, the enrolments additionally grew by 25 per cent since the education bill was introduced into parliament in November, 2016.
The company's chief executive, Brian Knight, said he was impressed with an increased commitment from advisers who were ready to "utilise the time they had to achieve as high a standard as possible, not just waiting to be told what the minimum standards would be".
"We believe the advisers who undertake a postgraduate qualification should not be unduly concerned with the standards, they will be as prepared as they can to meet them regardless of what they are — they will be degree-qualified and well-equipped to undertake an industry exam regardless of its format," he said.
"Those that are on, or start their education journey now, are the advisers of the future… the leaders and professionals who will be recognised by the industry, the government, but more importantly, their clients and the broader community."
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