Elders Financial Planning has announced it will be offering scholarships to its adviser network in light of the proposed reforms to educational standards to be decided by the Australian government.
“In light of the proposed legislation changes from Kelly O’Dwyer, we as dealer groups have to support our adviser networks in aligning themselves with new educational standards," Elders Financial Planning general manager Tony Beaven said.
“The feedback we have had from our advisers is that they’re unsure about which route to take in regards to aligning themselves with the proposed reforms, and there are also the additional costs to consider as well.
“We put an announcement out on Tuesday afternoon to our advisers asking them [that] if they wish to look at increasing their skill set and their educational standards they can apply to Elders," he said.
“A committee consisting of myself and two other advisers will review the applications and announce the successful advisers at our National Conference Day on the 24th and 25th of October.”
Mr Beaven said the scholarships are part of the firm’s wider commitment to and focus on adviser upskilling.
“We are also building a professional development focus where we will be linking in with TAL and utilising some of their webinar functionalities," he said.
“We will be conducting masterclasses through TAL where advisers will have the opportunity to achieve credit towards a Charles Sturt University professional program."
The investment manager has released its FY22 results.
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The deal was officially announced this week.
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