professional year

Financial planning

Students launch class action after unaccredited advice degree

Almost 20 students have filed a class action against James Cook University after discovering their financial planning degrees had not received accreditation, leaving them...

Financial planning

‘Don’t overlook the steps’ in becoming an adviser

With more Professional Year candidates passing their financial adviser exam this week, an associate adviser has shared why graduates shouldn’t rush to become advisers and...

Financial planning

How can the advice industry collectively improve the PY?

Members of the financial planning industry have shared with Money Management how they believe the Professional Year could be further developed. ...

Financial planning

Meet one of Australia’s youngest financial advisers

Melbourne-based Lino Salzano earned the title of adviser at just 21 years old, and has described the process of how he got there....

Financial planning

Culture critical to retaining advisers after PY

A panel have shared how advisers can reduce fears around retention when taking on a new adviser on their Professional Year....

Financial planning

Looking beyond the Professional Year

One of the most important factors to a successful Professional Year strategy is for firms to look beyond the 12-month horizon and how a candidate can develop at the firm ...

Financial planning

Prescriptive PY produces problems

Prescriptive Professional Year requirements are hampering the advice industry in a time of declining adviser numbers, say two industry associations....

Expert Analysis

Professional Year is the making of a financial planner

The professional year offers new entrants a bridge between academic theory of the post-Hayne landscape and the real world of service, writes Anne Palmer. ...

Financial planning

Push for employed paraplanners to become advisers

Over a quarter of paraplanners would be open to becoming financial advisers, creating an opportunity for them to consider the professional year as hundreds exit the indus...

Financial planning

Is an adviser ‘finishing school’ an answer to PY burden?

A financial adviser has suggested a practical training school for soon-to-be advisers would relieve some of the professional year burden from existing advisers....

Financial planning

PY advisers offer limited value

Despite declining adviser numbers and rising demand for advice, professional year advisers are not attractive hires for advisory firms due to the time commitments require...

Financial planning

Focus on growing skills not ticking boxes in PY

Recognising the existing skills of provisional financial advisers is a good way for both businesses and candidates to get the most benefit out of their professional year ...

Financial planning

New entrants face hurdles in securing professional year

It is the professional year that is the biggest hurdle for new entrants rather than exams but things are likely to improve in 2022 when it is clear how many existing advi...

Features

InFocus: Attracting talent to advice is not all about the money

Advice practices need to put more work into their culture, career structures and salaries if they want to attract and retain what little supply there is of current and fu...