Education providers already winners in new regime
Education providers appear to be already emerging as the winners from the new financial planning education regime, with Mentor Education having experienced a significant increase in enrolment across its courses.
The company said this suggested that financial planners are responding proactively to new industry qualification requirements.
Mentor founder and principal, Mark Sinclair, said that many planners were utilising the new education requirements as a means of furthering their advice offering.
“Contrary to many headlines proclaiming a mass exodus of planners, there is a solid core of role model planners determined to capitalise on the opportunities in the advice era and are positioning themselves through academic endeavour and personal/professional development,” he said.
Mentor said that the most in demand courses focused on productivity enhancement, technical and management skills, entrepreneurship, financial management, human relations and marketing.
In terms of courses concentrating on financial advice, Mentor said that they had seen a trend toward subjects covering intergenerational wealth, aged care, wealth protection and transfer, succession planning and self-managed superannuation funds.
AUTHOR
Hannah Wootton
Recommended for you
Adviser Ratings has revealed almost 400 advisers joined the FAR in the third quarter but, with just seven weeks to go until the education deadline, more than 1,000 could depart in the upcoming two quarters.
Pengana has appointed a senior fund manager from Tyndall Asset Management to join its Australian equities team, who departs after 18 years.
Advisers are underestimating how much time they spend on non-advice work, creating inefficiencies within their practice which has a financial impact on their bottom line, according to Elemnta.
Hudson Financial Planning has partnered with OpenInvest to launch an online investing solution designed to address Australia’s advice accessibility challenge.
