AFS launches adviser club
Australian Financial Services (AFS) is claiming a first for a dealer group, by set-ting up an initiative aimed at filling the gap between a planner’s technical prowess and the day to day running of a successful business.
Australian Financial Services (AFS) is claiming a first for a dealer group, by set-ting up an initiative aimed at filling the gap between a planner’s technical prowess and the day to day running of a successful business.
The 21st Century Advisers Club will provide training for AFS paraplanners (and those relatively new to the financial services industry) which isn’t covered by DFP subjects. According to AFS spokesperson Steve Griffin, the club will focus on de-veloping business management, marketing and communication skills.
“The DFP doesn’t teach you any of that,” Griffin says. “If planners can’t sell their plans, they’ll starve.”
In March this year, a two day conference will be held for members. Three one day training days will be held throughout 2000. Griffin says the group is still working on the agenda for the training days.
However, while he describes the initiative as being part of the group’s commitment to “providing back office value add-ons” for its 90 proper authority holders, it will come at a cost. Would-be members will have to come up with a $1500 one-off fee which will show their commitment to the scheme, Griffin says.
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.
