professional year

Financial planning

What do PY candidates think of ASIC’s proposed exam changes?

Two Professional Year candidates have shared their thoughts with Money Management on ASIC’s proposed changes to the financial advice exam and what it will mean for their ...

Financial planning

TAL reflects on the success of its PY programs

TAL’s three Professional Year initiatives successfully encouraged new entrants into the financial advice industry throughout 2023, including 16 candidates completing thei...

Expert Analysis

The bottom-line benefits of taking on a PY adviser

Many advice practices believe that taking on Professional Year advisers will drain resources. But forward-thinking firms are putting them at the heart of their strategy t...

Financial planning

Managed accounts viewed as a safe option for PY candidates

Managed accounts can be a benefit for advisers in their professional year, according to experts, as they pose a lower compliance burden and improved risk management. ...

Financial planning

How to ensure a successful PY for candidates and supervisors

Professional year candidates should be self-motivated and both them and their supervisors need to understand it could take far longer than one year, according to panellis...

Financial planning

Students launch class action after unaccredited advice degree

Almost 20 students have filed a class action against James Cook University after discovering their financial planning degrees had not received accreditation, leaving them...

Financial planning

‘Don’t overlook the steps’ in becoming an adviser

With more Professional Year candidates passing their financial adviser exam this week, an associate adviser has shared why graduates shouldn’t rush to become advisers and...

Financial planning

How can the advice industry collectively improve the PY?

Members of the financial planning industry have shared with Money Management how they believe the Professional Year could be further developed. ...

Financial planning

Meet one of Australia’s youngest financial advisers

Melbourne-based Lino Salzano earned the title of adviser at just 21 years old, and has described the process of how he got there....

Financial planning

Culture critical to retaining advisers after PY

A panel have shared how advisers can reduce fears around retention when taking on a new adviser on their Professional Year....

Financial planning

Looking beyond the Professional Year

One of the most important factors to a successful Professional Year strategy is for firms to look beyond the 12-month horizon and how a candidate can develop at the firm ...

Financial planning

Prescriptive PY produces problems

Prescriptive Professional Year requirements are hampering the advice industry in a time of declining adviser numbers, say two industry associations....

Expert Analysis

Professional Year is the making of a financial planner

The professional year offers new entrants a bridge between academic theory of the post-Hayne landscape and the real world of service, writes Anne Palmer. ...

Financial planning

Push for employed paraplanners to become advisers

Over a quarter of paraplanners would be open to becoming financial advisers, creating an opportunity for them to consider the professional year as hundreds exit the indus...

Financial planning

Is an adviser ‘finishing school’ an answer to PY burden?

A financial adviser has suggested a practical training school for soon-to-be advisers would relieve some of the professional year burden from existing advisers....