The next generation of financial advisers is fully committed to a post-FOFA mentality and should be a source of optimism for the industry, according to education provider TAFE NSW.
Speaking to ifa at a recent Graduate Connector event – at which financial planning students network with industry luminaries – TAFE NSW head teacher, accounting and finance, Diana Bugarcic said the future of the financial advice industry is in good hands.
“These students have no idea about commissions, they have no idea about how it used to work in terms of remuneration, they are happy to be working with clients on a fee for service basis – that’s their mindset,” Ms Bugarcic said.
“The new generation are interested in helping people, they are interested in superannuation, they understand that people need to start planning for their future and they want to be part of that.”
Ms Bugarcic said TAFE’s financial planning courses are now focused on emotional intelligence and communication skills as a core component in order to impart a commitment to holistic advice on students.
“Students looking to get into the industry need to realise it's not just about technical skills, it's about being passionate and wanting to help people,” she said.
Demand for tertiary financial planning courses is largely coming from students who are already qualified in finance or economics, Ms Bugarcic said, and from students who are seeking a “career change”.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 22 Sep 2017ASIC permanently bans unlicensed SMSF spruikerBy Staff Reporter
- 22 Sep 2017Advisers recognised at Women in Finance AwardsBy Staff Reporter
- 21 Sep 2017Advisers not fully aware of LIF impacts: ZurichBy Staff Reporter
- 21 Sep 2017Red tape forces SMEs to cut staffBy Adam Zuchetti and Aleks Vickovich
- 21 Sep 2017Bitcoin 'dangerous and speculative', says MagellanBy Tim Stewart
- 20 Sep 2017ANZ calls for adviser transparencyBy Killian Plastow
- view all