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.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.