GRC Solutions partners with Stockbrokers and Financial Advisers Association



Following Kelly O’Dwyer’s announcement for the overhaul of conduct standards and competency requirements for advisers effective January 2019, the Stockbrokers and Financial Advisers Association (SAFAA) is partnering with specialist regtech firm, GRC Solutions, to assist it with the transition.
GRC Solutions would provide online courses to SAFAA members to assist with meeting new compulsory education requirements for new and existing advisers, supervision requirements, and preparation for the new industry-wide benchmark examination and code of ethics.
Practitioners who provided tax advice would also have courses specifically tailored to changed requirements.
SAFAA chief executive, Andrew Green, said the partnership would be a step up for the association to build on existing in-house training.
“This new e-learning partnership with GRC will provide members with access to courses that lifts the bar even higher,” he said.
Recommended for you
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.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.