Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 27 results for "Professional Year"

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 ...

FASEA releases professional year standard

HARRISON WORLEY  |  FRIDAY, 21 DEC 2018
... financial planner or adviser. On Thursday FASEA registered the legislative instrument for its Work and Training (Professional Year) standard, which sets out the requirements for people undertaking work and training requirements to become a financial ...

Code of ethics still the main game: FPA

DARREN SNYDER  |  MONDAY, 19 NOV 2018
... standards into three "transitional standards", being the minimum tertiary educational standard; the exam and professional year; and the continuous professional development (CPD) standard. The FPA will host FASEA chief executive Stephen Glenfield at the ...
PAGE:
1
PREVIOUS
NEXT