Advanced DFP rolls out first graduate
Financial services education providerIntegratechas passed the first-ever candidate to take the Advanced Diploma of Financial Services (Financial Planning) course, the new industry benchmark.
Replacing the Diploma of Financial Planning (DFP) courses, those planners wanting to take the Certified Financial Planning (CFP) program will now have to complete the new advanced standard.
The changes in the course are the result of new benchmarks being set under PS 146, and at present, only four education providers in Australia offer the new advanced course.
Integratec general manager John Prowse says the industry’s other major education player, the Financial Planning Association, should offer the new qualification soon.
Benjamin Graham of Sydney-based planners Lanham Vickers is the first candidate to have passed Integratec’s advanced course.
Prowse says planners do not need to take any exams to give advice, but adds the advanced qualification is necessary before taking the CFP program.
For the advanced course, planners need to complete the same level of work for the DFP, in addition to two skills assessments.
Prowse says the new course differs from the DFP program in that there is more emphasis on proving candidates have the skill and knowledge to be a planner.
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