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
Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.
Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350.
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.
