Understanding financial planning qualifications in Australia
Nearly every day I get asked to explain the qualifications needed to be a financial planner so I thought I’d shed some light on the issue here. The Australian Securities and Investments Commission’s (ASIC’s) Regulatory Guideline 146 (RG146) sets out the minimum financial educational standards required to be licensed as a financial planner or financial...
FOFA – The never ending rollercoaster
At AdviserHead we’re probably feeling much like many others in the financial planning industry. Its a bit disheartening that, after all this time, the Government still hasn’t managed to bring clarity and confidence to the financial planning industry in terms of the reforms they’re trying to introduce. The debate continues to rage about how the Government should...
Financial Planning is a Profession
The Australian Council of Professions (2004) defines ‘a profession’ as follows: A profession is a disciplined group of individuals who adhere to ethical standards and uphold themselves to, and are accepted by, the public as possessing special knowledge and skills in a widely recognised body of learning derived from research, education and training at a high...
Broaden your financial planning knowledge
Another thing I’ve learnt over the years recruiting financial planners is now that people can do their qualifications through universities, they seem to actually know LESS about the industry. Before financial planning qualifications were offered in Universities, finding out about what a financial planner does and how to become one meant that people had to...
Personal Branding and Recruitment v2
I know AdviserHead has touched on this topic before (21 Jan Post) and also it’s ‘cousin’ Corporate Branding, but I just seem to be hearing so many examples each day that I had to mention it again. ‘Personal branding’ is such a diverse topic and also very much a popular catch phrase at the moment...
How should we be engaging with our financial planning clients?
Financial Planning is a wonderful profession. It’s full of challenges but is also very rewarding – and I’m not speaking about the money sort of rewarding. The number of times I’ve been interviewing financial planners and they tell me the most extraordinary stories from their career is immeasurable. These stories are frequently very emotional and...
Looking into the future of Financial Planning
Lately some newly qualified Advisers I’ve been meeting with have expressed a bit of concern about the future. The coverage the Government’s FOFA reforms has been giving them a great deal to think about and AdviserHead plenty of material to draw on. Law Council warns on FOFA deficits | Money Management Risk brokers resent FOFAs one...
What makes a successful Financial Adviser?
This is a question I get asked quite regularly, particularly from people starting their career in financial planning. The answer is never simple however I’ve come to consider the image below as the closest thing I have to explain what I think makes a successful financial planner. I’m sure the concept is applicable to other...
