Integratec to teach stockbrokers a lesson

Financialservices education and compliance providerIntegratecwill expand into stockbroking education following Bell Potter Securities joining its online continuing professional development (CPD) program, OnTrack.

Integratec has shifted its traditional focus from providing products and services to the financial planning market in response to “recent legislative requirements placed on all retail product advisers to maintain competency under PS 146”.

In what Integratec managing director John Prowse says is a significant strategic move for the business, its foray into the stockbroking arena “proves that our educational products have broader applicability than the pure financial planning market”.

The majority of Bell Potter Securities’ 300 plus advisers will now use OnTrack, in addition to the 59 other dealer groups that have signed up since its launch last July.

The program was originally launched as a solution to the PS 146 requirements for ongoing education. Prowse says that “signing over 300 stockbrokers from a respected top-tier broking firm represents a significant vote of confidence in our approach to CPD”.

“Integratec now has over 10,000 financial planners participating in its subscription-based, monthly CPD programs, which means we have the responsibility for keeping almost two-thirds of the industry up-to-date,” Prowse says.