RMIT proposes financial planning exhange
Former FPA president Wes McMaster is proposing a student exchange program for financial planning students as one of the new initiatives at RMIT.
McMaster has taken up his role as adjunct professor at RMIT and is already talking to a number of overseas universities in Europe about the program.
"I am talking to several European universities about a financial planning student exchange program," he says.
"If we do get it started, a student could go to Europe and study a couple of subjects and they would be credited to the course here."
It is envisaged a student would spend six months in either Europe or Australia to gain a feel for a particular subject. This could cover areas such as how European stock markets work or day-to-day financial planning operations in Australia.
"RMIT is very expert in student exchange program in other disciplines, so it is keen to expand that experience into financial planning," McMaster says.
It is also hoped the exchange program could be extended to students studying part-time. He says they could take a six-month sabbatical from work to participate in an exchange.
Recommended for you
WT Financial has announced its second “Hubco” with a combined valuation of $7.8 million, while its first one has successfully incorporated and is now making its own acquisitions.
Remediation and litigation costs have led AMP to announce a reduced statutory net profit after tax of $98 million for the first half of 2025.
Stakeholders in the professional year discussion underscore the challenges in the current pipeline and what is holding back licensees from taking on new candidates.
Colonial First State has partnered with JP Morgan Asset Management to make its inaugural private equity allocation, continuing the firm’s expansion into unlisted asset classes.
