AMP university challenge exceeds expectations

financial-planning/FPA/FOFA/director/

20 October 2011
| By Chris Kennedy |
image
image
expand image

A financial planning-focused university challenge announced by AMP in July wrapped up last night, with AMP Horizons director Tim Steele saying the competition had exceeded all expectations and the group planning to run the competition again next year.

The competition was open to any Australian university student, provided they weren’t already an authorised representative of a financial planning firm, with entrants having to complete a discussion paper including modelling and recommendations. Finalists were flown to Sydney to complete in a finals day, including a role-play session and a “who wants to be a financial planner”-style quiz session.

The winner – Michelle Walker from La Trobe University in Melbourne – will receive a $5000 cash prize from AMP, membership to the Financial Planning Association (FPA), and attendance at upcoming FPA and AMP conferences. La Trobe will also receive a $10,000 grant to put towards financial planning programs.

Walker is currently studying a Bachelor of Business with a major in financial planning, and also works as a paraplanner for Integrity Financial Planners in Melbourne. She said she hopes to wrap up her studies by the end of next year and plans to become an authorised representative of Integrity.

Steele said the initial response and the quality of the finalists had exceeded all expectations. A total of 161 teams registered and 42 students representing 24 teams submitted business cases

“You should be incredibly proud having got to this point in the competition and I think you did yourselves and your universities incredibly proud in the way you carried yourselves today,” he told the finalists.

“If you are examples of the quality of people we’re going to continue to attract to the profession, then the profession and the future are in great hands.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND