Online Masters to raise the bar: AMP
A flexible online Masters of financial planning program will help new and existing advisers to raise standards in the profession, AMP believes.
The program developed by AMP Horizons — the institution's financial planning academy - and Griffith University was launched today to enable advisers working with AMP licensees to meet new education standards.
AMP Horizons Director Amelia Constantinidis said the program further underpinned AMP's commitment to the highest standards of professionalism.
"AMP is committed to delivering high quality financial advice that makes a real difference in people's lives," she said.
"Through this program candidates will not only achieve a qualification with one of Australia's leading academic institutions in Griffith University, they will gain practical financial planning experience through Horizons, as well as access to employment opportunities within the AMP network on completion.
"With a flexible combination of online and face to face learning we think this will really appeal to people looking to further their career as a financial adviser and aspire to the highest professional standards."
The launch of the program follows the company's introduction of higher educational standards for its advisers, announced by AMP Group Executive Advice and Banking Rob Caprioli, last month.
He said the measures to be implemented by AMP across its licensees were:
- All existing and new advisers must hold a Certified Financial Planner (CFP), a Fellow Chartered Financial Practitioner (FChFP), or Masters in Financial Planning (MoFP) qualification.
- New advisers must complete this qualification within five years of joining an AMP licensee while existing advisers have up to 31 December 2019 to do so. These qualifications are post-graduate degree equivalent, making AMP's minimum requirements the industry's highest.
The Masters program with Griffith University will provide an alternative pathway for advisers across AMP's network to achieve AMP's new education standards.
AUTHOR
Nicholas O'Donoghue
Recommended for you
The FAAA is set to launch an initiative next week to boost adviser numbers, offering support for Professional Year candidates and their supervisors.
Advice licensee Centrepoint Alliance could be more open to a proportional takeover bid after shareholders rejected a special resolution around takeover provisions.
Global private markets firm Partners Group has appointed a client solutions manager to strengthen its service offering across Australia’s southern states.
An aging profession and impending adviser exodus are fuelling a shift in the advice practice landscape, according to Adviser Ratings’ latest report, while internal restructuring prompts adviser redistribution.
