Industry needs to invest in their staff
Peter Daly
Dealer group Australian Financial Services Group has reported that their AFS Paraplanning Academy imitative has been a success.
Launched last month, the academy was introduced in order to ensure the group maintained its profitability and success at a time when the industry faces a skills shortage.
AFS managing director Peter Daly said supporting the future paraplanning needs of the company’s practices was integral to putting in place a sound succession plan for AFS.
“Our practices confirmed that they were experiencing difficulty in recruiting qualified paraplanners, and in response the AFS Paraplanner Academy initiative was introduced to address this concern,” Daly said.
With recruitment of qualified paraplanners a continuing concern for the financial planning industry, Daly said businesses would need to nurture and develop the skills of their existing staff.
The AFS Paraplanning Academy program currently has seven candidates attending the six-week program. The first two weeks are conducted in house, with structured classroom activities. This is then followed by four weeks supervisory training in the individual practices, from which the paraplanning academy students are nominated.
Recommended for you
AZ NGA has partnered with an Adelaide-based accounting and financial planning practice as it expands its presence in South Australia.
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
