The Society of Trust and Estate Practitioners (STEP) recently accredited Deakin’s Graduate Diploma of Financial Planning, according to a statement.
STEP was founded in 1991 and has more than 100 branches and chapters in 56 countries, with a current membership of more than 20,000 worldwide.
Professor of practice in the Deakin Business School’s department of accounting, Adam Steen, said the accreditation will allow qualifying Deakin graduates to become members of an international community of highly-qualified estate planning professionals.
“It also opens up further professional development opportunities over the course of their career,” Professor Steen said.
“Estate planning is a massive industry, and the fastest growing area in financial services, particularly with Australia’s ageing population. The legislation around estate planning is also constantly changing, hence the need for professionals to engage in continuing education.”
Professor Steen said estate planning required skills in law, accounting and financial planning, hence the need for STEP accreditation.
“The accreditation will provide financial advisers an urgently needed education pathway to estate planning expertise, as well as opportunities for continuing support and professional development through the leading international body in the area,” he said.
Head of the STEP education steering group Michael Fox said the group was delighted to be able to accredit a financial planning course in Australia that met STEP requirements.
“The accreditation provides a pathway to STEP membership for those who provide financial advice,” Mr Fox said.
“The evolution of the financial planning industry in the past few decades to move to more specialist areas such as estate planning is a crucial part in its development to becoming a true profession.
“STEP’s main focus is to promote high professional standards, to provide educational and networking opportunities for its members, and to contribute to debate and public policy in its specialist field.”
[quote=JB]Yes, this will probably be as useless as the CFP mark![/quote][quote=JB]Yes, this will probably be as useless as the CFP mark![/quote]
CFP (r) isn’t just useless, it’s also detrimental to you financially as you keep having to pay $1,059 per annum for nil return
think of the many uses for the $1,059 instead, so many other more deserving people
shoes for homeless kids, goats for entrepreneurs, world vision
thank you in advance for cancelling your FPA membership and donating it to a better use instead.
God Bless
[quote=Anonymous]Thats what the FPA said about the CFP mark . Now we all know its a “Designation” and pretty well useless in Australia where they only want a degree !! Whats next after the next RC when there is no planners left !!! [/quote][quote=Anonymous]Thats what the FPA said about the CFP mark . Now we all know its a “Designation” and pretty well useless in Australia where they only want a degree !! Whats next after the next RC when there is no planners left !!! [/quote]
your post seems to intimate that the FPA may have suggested [i]in the past[/i][i][/i], the CFP (r) mark as the gold standard in financial planning. Not so.
they [b]still think[/b][b][/b] it is the gold standard even after FASEA have given it the equivalency of :
a. DFP – multi choice exam a journalist passed without any study
b. ADFP – a little more study but still pithy little
c. an accountant who has no formal study in financial planning but claims they are master of financial planning, based on prior work history
Yes, this will probably be as useless as the CFP mark!
Thats what the FPA said about the CFP mark . Now we all know its a “Designation” and pretty well useless in Australia where they only want a degree !! Whats next after the next RC when there is no planners left !!!
James, even if you had done a Masters Degree in Ethics it would not count for FASEA. FASEA is claiming that everyone needs to do another ethics course that covers the new FASEA Code. This is essentially saying no-one could apply previously learnt ethics principles and practices to master the FASEA Code. Everything has to be relearnt from scratch.
This makes no sense whatsoever. Furthermore, there is an ethics course provider on the FASEA Board who is likely to personally profit from FASEA’s refusal to recognise prior ethics training. The new minister needs to overturn this outrageous decision immediately and remove the conflicted members of the FASEA Board. If she doesn’t, there will almost certainly be a corruption inquiry.
[quote=James]Wow, hopefully it is more valuable than my CFP Ethics Subject (Deakin) – which does not count for Fasea. [/quote][quote=James]Wow, hopefully it is more valuable than my CFP Ethics Subject (Deakin) – which does not count for Fasea. [/quote]
CFP (r) please respect other’s right to intangible property (even though it may be worthless)
Great news! But when will Deakin get FASEA accredited for their GradDipFP? Until then – I’m holding off completing the Ethics unit as I don’t want to end up like James (above)
Awww, isn’t it nice we have so many courses to choose from because of the FPA’s stealthy multi year attack on the FP profession by scaremongering and exaggeration of a problem that doesn’t exist for 99% of the planners out there.
That’s so sweet, thanks FPA for creating this mess.
Wow, hopefully it is more valuable than my CFP Ethics Subject (Deakin) – which does not count for Fasea.