Female planning bosses more likely to hold Masters
Female planning practice principals or chief executives are more likely to hold a Masters than their male counterparts, the Money Management Salary Survey reveals.
Data from the survey found that 40 per cent of female planning bosses held a Masters, while just 10 per cent of male practice principals, chief executives of managing directors reported their highest academic qualification was a Masters.
However, the survey found that almost a quarter of male respondents had a Post Grad as their highest qualification, while a further 26 per cent holding a bachelor's degree.
While 60 per cent of female respondents reported a Diploma in Financial Planning (DFP) or an Advanced DFP was their highest qualification, with just over a third of male respondents reporting that a DFP or Advanced DFP, with three per cent saying high school was their highest level of education.
Recommended for you
The ongoing adviser shortage is a key driver behind advisers’ increased use of ETFs and managed accounts, according to an industry expert, fuelled by the need for cost and efficiency savings.
A business consultant believes there is a proven correlation between advice businesses that develop and commit to a clear business plan and those that see higher profit outcomes, but only when done correctly.
Advice technology solution intelliflo has launched an integration with fintech firm FAYBL to introduce AI capabilities across the intelliflo office offering to boost efficiency.
ASIC’s court case with Interprac is causing advisers to explore the possibility of self-licensing, according to My Dealer Services, as they observe the reputational damage it can bring to a practice.

