CFP ranks continue to grow
|
|
The Financial Planning Association (FPA) has announced there will be an additional 122 financial planners accredited as Certified Financial Planners (CFP’s) following recent final examinations.
The CPF is accredited by the Financial Planning Standards Board.
FPA chief executive Jo-Anne Bloch said “these new graduands will join 118,000 CFP professionals in 23 countries around the world who have completed rigorous ethics, education, experience and examination requirements”.
The graduands came from various states, with NSW holding the highest number at 48, an FPA statement said.
It said 54 per cent of the new graduands are aged between 25 and 35.
The FPA recently released its Education Expectations Consultation paper, which called for all financial planners to be tertiary qualified as a minimum entry requirement. CFP professionals must have a tertiary qualification to complete the CFP program.
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.
