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
With an advice M&A deal taking around six months to enact, two experts have shared their tips on how buyers and sellers can avoid “deal fatigue” and prevent potential deals from collapsing.
Several financial advisers have been shortlisted in the ninth annual Women in Finance Awards 2025, to be held on 14 November.
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
