Macquarie Private Wealth launches training for advisers
Macquarie Private Wealth has launched a training and education program for its advisers, which the group says will provide support in client service and business development.
The training program is based around five areas, such as technical and product, practice development and professional development. It will be available to Macquarie’s advisers around Australia.
Head of Macquarie Private Wealth, Eric Schimpf, said the program would be delivered through both face-to-face seminars and a webinar series.
“In the environment financial advisers are operating in today, ongoing professional and personal development is a crucial part of growing an advice business,” Schimpf said.
“Not only due to regulatory reform, but also because clients are demanding more from the advice they receive,” he added.
The group said the technical training focused on ensuring advisers got everything out of technology, while the seminars would offer education on product types and structures, as well as specific market sectors and industries.
Required learning and compliance focuses on risk management activities, while practice development looks at ways to help the advisers to grow a successful business, Schimpf said.
Macquarie is the latest institution to launch a training program for its advisers, with MLC, Colonial First State (CFS Institute of Advice), AMP and other major instos already running such activities.
Recommended for you
Retail investment into private credit funds could surpass that of sophisticated investors, according to ASIC, but the regulator admits it is unsure how and where these individuals are first being introduced to the vehicles.
With the high cost of advice keeping young Australians locked out of advice, a fintech provider has said digital advice is key for licensees to capture this unadvised demographic.
ASIC chair Joe Longo has announced he will step down at the end of his term, departing the corporate regulator in May 2026.
When it comes to the phase-out of AT1 bonds, Schroders fixed income manager Helen Mason has urged financial advisers to sell up sooner rather than later or risk capital losses.
