The Certified Financial Planner (CFP) Certification Program will be embedded into the Master of Financial Planning at Deakin University, under a new partnership with the Financial Planning Association of Australia (FPA) and Deakin University.
CFP certification units 1, 2, 3 and 4 were now mapped against the Masters units at Deakin Business School, and the CFP certification capstone would be included as an elective option.
Dante De Gori, FPA chief executive, said the move would allow financial planners to combine their study requirements into a single course.
“This is a significant win for financial planners, who will now be able to graduate with both an academic qualification and the highest global professional designation in financial planning, which is recognised in 27 countries around the world,” De Gori said.
“This partnership is designed to offer choice and flexibility to financial planners and brings the education options in line with other professions, like accounting, who already embed designations into their academic programs.”
Peter Carey, head of the department of accounting at Deakin Business School, said the university’s goal was to provide the highest quality study options for financial planners.
“At a time when all financial planners are grappling with the need to satisfy new education standards and demonstrate the highest level of professionalism and competence with their clients, this partnership demonstrates our commitment to working closely with the profession,” Carey said.
Marc Olynyk, program director – financial planning at Deakin Business School said Deakin had a long history of partnering with professional associations and organisations.
“This landmark partnership will provide both existing and emerging financial planners with a significant point of difference in a new era of financial planning in Australia,” Olynyk said.