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
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.