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
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.
