Female planning bosses more likely to hold Masters



Female planning practice principals or chief executives are more likely to hold a Masters than their male counterparts, the Money Management Salary Survey reveals.
Data from the survey found that 40 per cent of female planning bosses held a Masters, while just 10 per cent of male practice principals, chief executives of managing directors reported their highest academic qualification was a Masters.
However, the survey found that almost a quarter of male respondents had a Post Grad as their highest qualification, while a further 26 per cent holding a bachelor's degree.
While 60 per cent of female respondents reported a Diploma in Financial Planning (DFP) or an Advanced DFP was their highest qualification, with just over a third of male respondents reporting that a DFP or Advanced DFP, with three per cent saying high school was their highest level of education.
Recommended for you
ASIC commissioner Alan Kirkland has detailed the regulator’s intentions to conduct surveillance on licensees and advisers who are recommending managed accounts, noting a review is “warranted and timely” given the sector’s growth.
AMP and HUB24 have shared the areas where they are seeking future adviser growth, with HUB24 targeting adding more than 2,000 advisers to the platform.
Bravura Solutions has appointed a new chair and deputy chair to take over from departing Matthew Quinn, while Shezad Okhai picks up another responsibility.
Two advisers say M&A is becoming a “contact sport” as competition heats up to acquire attractive advice firms, while a lack of new entrants creates roadblocks in organic growth opportunities.