FChFP enrolments reach 500: AFA
The Association of Financial Advisers (AFA) has seen enrolments into its Fellow Chartered Financial Practitioner (FChFP) designation jump to 500 since late 2013, when the curriculum was relaunched with education partner Kaplan Professional.
It comes as the AFA said it planned to reinvest into the FChFP curriculum to make it more relevant and practical for financial advisers.
AFA's general manager, member services and campus, Nick Hakes, said it was evident that those who graduated from the designation thought differently around their advice offer, their target market and delivery of advice.
"We are also seeing the outcomes of applying post-graduate thinking to existing financial advice practices in the form of a deeper understanding of business strategy, corporate governance and culture and significant skilling-up in technical advice strategies," Hakes said.
Hakes added adviser education can help advisers adapt to disruption in the industry.
"The life industry framework is one example where advisers need to think about their business models. Now is the time when many are choosing to hardwire post-graduate academic thinking into how they will provide great advice into the future," he said.
AUTHOR
Malavika Santhebennur
Recommended for you
Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.
Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350.
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.
