FPA welcomes FASEA accreditation of CFP
The Financial Advisers Standards and Ethics Authority (FASEA) may have moved up in the Financial Planning Association’s (FPA’s) books after the regulatory body chose to award the Certified Financial Planner (CFP) program two credits earlier this week.
Alongside qualifying for recognition of prior learning, the CFP Certification Program also received recognition for up to four credits with many universities for existing Master of Financial Planning programs.
FPA chief executive, Dante De Gori, said the announcement acknowledged that the CFP designation continued to be the globally recognised “gold standard” in advice, given research showed those who worked with a CFP professional felt more confident in achieving their financial goals.
The decision would mean financial planners who started and subsequently completed the FPA’s five unit CFP Certification Program since semester 2, 2003, would receive two credits for the appropriate existing adviser pathways set out in FASEA’s Education Standard.
Recommended for you
It can be extremely hard to realise the gains from financial advice M&A, according to Peloton Partners’ Rob Jones, and more could be gained from firms looking inward at their own practice.
With platforms reporting their quarterly results, there is a clear divide in the adviser markets they are targeting, according to platform specialist Recep Peker, and which would be right for your clients.
The Federal Court has imposed a $10 million penalty on Macquarie Bank for failing to prevent and control unauthorised fee transactions by third parties including financial advisers.
A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”.
