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Showing 1 - 10 of 29 results for "Professional Year"

Advisers closer to professionalisation: FASEA

KARREN VERGARA  |  THURSDAY, 21 OCT 2021
... courses from 57 in 2018 to 178 in 2021. There were 590 new entrants to the industry who have commenced their Professional Year since January 2019; this saw enrolments grow from 47 to 334 as at September. FASEA chief executive Stephen Glenfield commended ...

AFA chief outlines vision

KARREN VERGARA  |  TUESDAY, 21 SEP 2021
... choosing financial advice as a career. "The number of graduates entering the profession each year is tiny. The professional year as it stands is difficult to sustain for either graduate or employer. Without change, there simply won't be enough financial ...

New firm joins Count Financial

ELIZABETH MCARTHUR  |  TUESDAY, 4 MAY 2021
... client best interest at the forefront, rather than product distribution," Heyer said. "Given that we also have a Professional Year (PY) candidate in our firm, Count Financial's well-structured PY framework supports new entrants to the industry and will ...

Wage subsidy to rescue advice industry

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
... Association of Financial Advisers (AFA) recommended the government introduce a $10,000 wage subsidy for employing professional year students, citing the significant cost involved in bringing on a new entrant whose contribution to the business may be ...

Wage subsidy needed for new entrants: AFA

JAMIE WILLIAMSON  |  THURSDAY, 4 FEB 2021
... wage subsidy to financial advice practices to encourage employment of new entrants needing to complete their professional year. In its pre-Budget submission, the AFA has recommended the government incentivise advice practices with a $10,000 wage subsidy ...

Almost 3000 advisers gone in 2020

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
... for the number of new advisers to grow as they complete the required study, pass the exam, and complete the professional year," Anderson said. "Normal attrition might be around 1000 to 1500 advisers per year. The actual exit rate is double this, which ...

A new model is coming: Licensees

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... through a transformational period as an industry," he said. There aren't the numbers of people coming through the professional year, Whereat said, to make up for the many that are departing.

Dealer group shuts after advisers depart

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... leaving, but across the whole industry," he said. "With new advisers joining the industry required to serve a professional year as a "trainee" and required to have a degree to practice, I don't know if or when the incoming adviser numbers will outweigh ...

Down but not out: Top advisers adapt

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... concerned so few new advisers have entered - particularly in light of the new educational standards which include a professional year requirement. "How do we make sure we get the brightest and the best?" McCallum asks. "There are not efficient frameworks ...

FASEA exam was fair: Poll

KARREN VERGARA  |  TUESDAY, 16 JUL 2019
... required to hold an approved degree before commencing the work and training requirement, otherwise known as the professional year. They must also complete half of the professional year before sitting the financial adviser exam and commence using the ...
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