AFA set to launch mentoring program



The Association of Financial Advisers (AFA) will soon be rolling out its revamped mentoring program in an effort to bridge the gap between its GenXt and more experienced advisers.
The program will include face-to-face mentoring, webinars and white papers on topics such as generating referrals, marketing to a target client segment, handling objections and developing centre-of-influence relationships, the AFA stated.
"Advisers are currently providing financial advice to two in 10 Australians — this simply isn't enough," AFA national GenXt chair Fraser Jack said.
"If we want to see more Australians accessing advice, we have to work together to come up with really great strategies and highly relevant approaches."
Apart from encouraging less experienced advisers in their careers, the AFA said it expected the mentoring program would motivate those with more experience.
The program will launch across the country on 30 May.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.