Back to school: what advisers think of the new education standardsBY JAMIE WILLIAMSON | VOLUME 12, ISSUE 4  On 9 February 2017 the Corporations Amendment (Professional Standards of Financial Advisers) Bill 2016 establishing a new education and professional standards framework for the ... Get articles like this delivered to your email - Sign up for the free weekly newsletter  More Articles |
Latest News
Federal Court lifts Merhi's travel ban
Former financial adviser Ferras Merhi is now free to travel as the Federal Court lifted travel restraint orders imposed one year ago.
Nominations open for the 2026 Power50
Nominations for the 2026 Financial Standard Power50 are now open as we recognise the country's most influential advisers who continue to raise the standards for the profession and provide outstanding service to clients and the wider community.
Advice veteran's exit creates $1bn Tassie wealth group
Mancell Financial Group (MFG) founder Peter Mancell has retired as a financial adviser after 46 years, selling the business he built to pave the way for a $1 billion wealth management firm in Tasmania.
Netwealth expands Morgan Stanley mandate
Amid expanding its stockbroking and private wealth capabilities, Netwealth has been picked by Morgan Stanley to provide a platform solution to its Australian wealth business.
Further Reading
Cover Story
Advice with soul
SACHA BURCHGART
FOUNDER AND FINANCIAL PLANNING SPECIALIST
BURCHEART
FOUNDER AND FINANCIAL PLANNING SPECIALIST
BURCHEART
Though she initially tried, Sacha Burchgart couldn't escape the call of a career in financial advice; it just took staring down her own mortality to see what's possible when you do things differently. Jamie Williamson writes.
Expert Feed
Secondaries: Handling a double-edged sword
Secondary transaction volume in private markets continue to hit new highs, as does fundraising for secondaries vehicles. Yet the market presents vulnerabilities ...
Is software dead?
ECP Asset Management's Damon Callaghan explains the fate of software companies suffering from the 'SaaSpocalypse' that was triggered by the rise of AI.
A governance dashboard is not a governance framework
Research houses are now offering monitoring tools to the licensees who use their ratings. The tools are useful. They do not discharge the governance obligation ...
The global advice gap: why expat clients are harder to serve than they appear
Many Australians are building wealth abroad before ultimately returning home for retirement.
It would be great to see common sense (aka rare sense) prevail. I have many professional friends in other professional industries and when you explain to them what new education standards have been mandated they all (without exception) disagree with making experienced advisers "go back to school" to attain a degree or equivalent. All of them reference what happens in ALL other industries and suggest that RPL's are a must. As far as an annual exam goes...it will be interesting how this exam is going to segregate the 2 very different disciplines...investment and insurance. Are specialist wealth advisers (who think they know what markets are going to do day-to-day) going to sit the same exam as a specialist risk adviser? My belief is that FASEA are lagging with their decision because it is too hard for them to create a protocol that is going to make sense while at the same time satisfy the plethora of regulating bodies. Does over regulation mean anything to anyone?