AFA set to launch mentoring program


The Association of Financial Advisers (AFA) will soon be rolling out its revamped mentoring program in an effort to bridge the gap between its GenXt and more experienced advisers.
The program will include face-to-face mentoring, webinars and white papers on topics such as generating referrals, marketing to a target client segment, handling objections and developing centre-of-influence relationships, the AFA stated.
"Advisers are currently providing financial advice to two in 10 Australians — this simply isn't enough," AFA national GenXt chair Fraser Jack said.
"If we want to see more Australians accessing advice, we have to work together to come up with really great strategies and highly relevant approaches."
Apart from encouraging less experienced advisers in their careers, the AFA said it expected the mentoring program would motivate those with more experience.
The program will launch across the country on 30 May.
Recommended for you
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.
The Reserve Bank of Australia has delivered its first rate decision since the introduction of a new board structure last month.
Digital advice provider Otivo has launched an interactive tool, powered by artificial intelligence and Otivo’s own advice engine, to help answer client questions.