Kaplan’s graduate offering gets CFP certified
Kaplan Professional’s new graduate diploma of applied finance (GDAF) has been placed on the Certified Financial Planner (CFP) Register.
This means students who complete the GDAF will be exempt from taking three of the five CFP certification subjects.
Financial Planning Association (FPA) senior manager of education and certification Kerry Curtin said: “The FPA granted three CFP exemptions because Kaplan’s graduate diploma is grounded in technical training and sets a high quality standard for students pursuing a financial planning career.”
Kaplan said that completing the GDAF allows students exemptions from CFP2 (Applied Strategies 1), CFP3 (Applied Strategies 2) and CFP4 (Investment Strategies).
They will still be required to complete CFP1 (Ethics, Professionalism and Compliance) and a Certification Assessment (CFP5).
The GDAF satisfies the requirements of the Australian Securities and Investments Commission’s regulatory guide on the training of financial product advisers and includes four compulsory subjects that cover both conceptual and technical skills.
It will replace the graduate diploma of financial planning that was offered by the Financial Services Institute of Australia (Finsia) Education.
In April last year, Finsia announced that it would be selling its business education division to Kaplan.
AUTHOR
Zoe Fielding
Recommended for you
ASIC has called on superannuation funds to improve their oversight of advice fee deductions following an investigation of 10 trustees that found $990 million was charged in one year.
Financial services lawyers believe the government may have good intentions, but the proposed legislation leaves superannuation trustees targeting an unachievable “standard of perfection” when it comes to advice deductions.
Advisers could find themselves unable to receive the fair market price of their advice as the Delivering Better Financial Outcomes legislation states superannuation trustees can reject deductions that are not charged on a cost basis.
Two advice professionals have shared five key takeaways as to how advisers can strengthen their communication with clients, especially at review time, in order to build deeper relationships.
