Back to school
Peter Daly
Australian Financial Services Group (AFS) has announced the opening of its own business school in hopes of enhancing the business and practice management skills of the dealer group’s senior planners and practice principals.
The AFS Business School will begin operations in October for a select group of invitees.
AFS CEO Peter Daly said the initiative was developed in order to broaden the participant’s perspective, ability and business acumen.
“Advisers and practice managers face ever-changing business challenges and the long-term financial wellbeing of their practice depends on flexibility, effective decision-making, efficient execution and a commitment and involvement of staff,” he said.
According to Daly, the school will be staffed by expert business and learning professionals, and primary focus on the business skills needed to create, develop and manage a successful business.
“We see the AFS Business School as an important plank in shaping the business experience, not the platform from which business success will spring,” Daly said.
Daly said the program will quickly immerse the participants into challenging real life situations and they will be called upon to make decisions, analyse and address problems and help them to understand the impact of their choices on the business.
“In order for modern dealer groups to remain relevant in the marketplace, they must continue to evolve their market offering and respond to the professional, business and personal development requirements of their advisers with innovative solutions and programs,” he said.
“The AFS Business School goes beyond formulas and theory and will provide the participants with the business expertise that can be applied to their respective practices with great success.”
Recommended for you
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments for investments.
Inefficient data processes and systems mean advisers are spending over half of their time on product implementation and administration at the expense of clients, according to research.
With the regulator announcing its enforcement focus for 2025 last week, law firm Hall & Wilcox examines the areas which have dropped down the list in priority for the regulator.