In a statement, the authority said it had approved two elective subjects offered as part of the Securities Institute’s Graduate Diploma in Applied Finance and Investment (GDAFI) between 1991 and 2007.
The subjects were E114 Technical Analysis and E171 Specialised Techniques in Technical Analysis.
“Advisers who have completed the GDAFI with Investment Management stream major or GDAFI with three core units and three financial planning related electives are only required to complete a FASEA Ethics for Professional Advisers bridging course to meet the education standard,” FASEA said.
The authority added that it was “committed to continuing to assess further applications received from higher education providers” when it came to the approval of historical courses, having approved 73 courses to date.
ANZ Private targets clients with investments and debt of $3 million. ANZ’s Dunlop agrees that the wholesale or sophisticated investor classification REDUCES the compliance burden by as much as 75 per cent but says the bank doesn’t have a preference for one over the other. “We are of the view that just because you have a lot of money doesn’t make you wholesale,” he adds.
https://www.afr.com/wealth/personal-finance/why-the-big-four-banks-still-want-to-manage-your-money-20200908-p55tht
(YET THE RIDICULOUS SOA & OPT-IN COMPLIANCE BURDEN COULD BE REMOVED & THE AVERAGE MUM & DAD COULD GET ACCESS TO ADVICE ONCE AGAIN)
How about approving the Diploma of Financial Markets courses that were also offered by the Securities Institute of Australia. It was an 8 unit course and I did 10 courses because I was told that was what required at the time to be equivalent to the Diploma of Financial Planning but work as a Financial Adviser in the Stockbroking industry.
It’s September 2020 and they’re only putting this out now. That’s pretty terrible. The FPA stuffed up this process by making a submission that was blatantly based on Universities that paid them dollars as part of FPEC, and FASEA (loaded up with a former FPA head) stuffed up by thinking they represented advisers. The both the FPA and FASEA should be wound up.
Yep FARSEA take over 3 years to approve basic common Adviser past education.
FARSEA completely fail their own core value of Diligence.
FARSEA also completely fail ALL their own Values and Standards.
DO AS I SAY, NOT AS I DO, hey FARSEA.
What an incompetent, conflicted and corrupt bunch of Canberra bubble buffoons.
“FARCE-IA” – it is spelt with a ‘C’. You’re welcome.
FASEA is a complete FARSEA.
If you can’t work that play on words out then you Clearly need to do every bloody course and exam that FARSEA have and you will still fail the exam ??♂️??♂️??
How about the 6 unit DipFP which I completed via the FPA in 1995? Get you act together FASEA.
A Vocational Diploma won’t, and never will, be considered undergrad or post-graduate.
That’s one thing they have made clear. AQF 7 and above or nothing.
SD you sound so high and mighty and righteous but you are also wrong.
DFP 1-8 now called ADFP is at AQF6 and is 2 credits. Plus a whole bunch of other industry qualification.
Off into the Sunset you ride SD on your high horse. Clown.
but SD is correct. A Diploma is only AQF 6. and they’re giving exemptions for AQF 7 or above subjects. That’s what happens when you do the minimum.
If that’s all you’ve done since 95 you may want to consider your position a bit more.
You sound just like FASEA!! What about the 25 years of CPD AND experience that has been gained since then – oh you ignore that also FASEA Wonder!
No that;s not we have done since 1995, we also have 31 years experience, 20+ years of CPD, PD Days, specialist courses as they became available, there wasn’t a degree in Financial Planning until 10 years ago? Typical arrogance.
There WERE degrees in Financial Planning in 1995 you chose not to do one because that wasn’t the minimum required.
Amen to that