IntegraTec ramps up training course

Financial planning training group IntegraTec Training will have a full equivalent course of the Diploma of Finanical Planning (DFP) available by the end of the year.

Speaking at a company function in Sydney last night, general manager John Prowse said the company was adding to its current three units in the equivalent DFP course as well as adding training covering direct shares and self managed superannuation.

He says the group has also been working on a course which will allow planners to meet their continuing professional development requirement (CPD) online.

“We feel with PS146 circulating that professional development will be the next target for ASIC. Planners have to gain 30 CPD points per year but there is no guarantee they cover all the competencies the planner should have,” Prowse says.

“We feel there will be a demand for a program that can be customised for the roles and needs of planners and we plan to have that online early next year. We want to get ahead of the game before the legal requirements as part of PS146 set in and have those competency sets in place.”

IntegraTec Training has gone through a mixed history recently to settle within its current structure. It was established 10 years ago by its managing director Bill Radcliffe and was wholly owned by Radcliffe and his partner Rosemary Long before being sold to Intracorp in December 1999.

Intracorp planned on using the training group as part of a now failed finance portal and sold the business in September last year to Worldschool, who until then specialised in secondary school training.

Since then, Worldschool acquired THP services, a compliance provider, which has since been renamed Integratec Compliance with the training group also being renamed as Integratec Training.

It then renamed itself as Tribeca taking on the role of listed holding company for the two IntegraTec groups and has also outsourced its schools based training business.

Tribeca managing director Adam Davis says the group will look at other acquisitions as part of a wider push into supplying a range of back office services currently offered by fund managers.