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
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.
South Australian financial advice and accounting business Perks has extended its paid parental leave program from 12 to 26 weeks, putting it on par with big four firms.
