PROFESSIONAL YEAR
Financial planning
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
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
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
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...
Financial planning
Despite 400 new entrants doing their professional year, this number is far below what is required to sustain the industry....
Financial planning
The professional year does not need to be completed full-time as provisions for part-time work are allowed, while the number of entrants doing their PY has increased tenf...
Financial planning
The amount of new professional year entrants is less than a tenth of the total amount of advisers that have exited the industry this year. ...
Financial planning
There are only 68 eligible New Entrant Registrations from licensees, but the industry has concerns over how many adviser graduates are doing their Professional Year and i...
People & Products
In an increasingly busy marketplace, AccountantsIQ and I Love SMSF have partnered to launch a program aimed at easing the burden of the FASEA mentoring and exam requireme...
Financial planning
The Association of Financial Advisers has urged that planners doing their Professional Year should be allowed to generate revenue for the planning practices overseeing th...
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MARKET INSIGHTS
Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...