NAB announced today that executive general manager, wealth advice, Greg Miller will leave NAB in December as part of a raft of changes to the structure of the wealth division.
NAB Financial Planning general manager Tim Steele and general manager of advice partnerships Ross Barnwell will both take on expanded roles and report directly to the bank’s chief customer officer for consumer banking and wealth, Andrew Haggar.
Mr Haggar said the changes would make the business “simpler, faster and more customer-focused”.
i think it’s laughable that there are people who genuinely believe a DFP attainable in 5 days and years of providing so-called “financial advice” is superior to a quality tertiary education and broad management experience in the banking and finance sector
Kaplan DFP is a 4 subject course done over 4 study periods – usually 2 years and costs about $2,000. Licensed advisers have substantial responsibility. Keep laughing, that’s why there’s now a Royal Commission. You, and everyone like you, will be gone by 2024 when the advice industry will be managed and run by advice professionals. As for your “broad management experience” what BS! Maybe you could think about a Jim’s Mowing franchise?
Most people I know that did a Kaplan DFP completey it within 4 weeks; perhaps you’re talking about their Masters in Financial Planning? (though not for $2,000 I wouldn’t think). Most I know did that in 1 year and it’s certainly not a true tertiary standard.
Name 1 person you know that did this full Kaplan course in 4 weeks? There will be none. Now, back to sleep for you.
I know plenty that did DFP in less than 3 months. Having that as ‘the bar’ is way too low, open book exams dont actually test anyone haha. The Masters of Financial Planning is 2k per subject, 12 subjects. Its much more appropriate and at a far higher level with closed book classroom exams etc.
Ok, name 1 person who did the Kaplan DFP in 3 months?
I personally know Ross, Tim and Greg and all three people are outstanding individuals, who understand our industry.
Yes, I’m sure the NAB Adviser network will take great comfort and feel an overwhelming sense of collegiate professional support in relation to these Managers based on the response “not providing financial advice”.
Wonder what the previous 100 plus restructures at NAB where meant to achieve
Great PR ‘simpler, faster and more customer focused’ not really a nice goodbye to people on the way out !!!!
Unlike all the people advising at Storm!
Yeah, as if that’s a compelling and undeniably logical argument for AFSL Managers not to hold the requisite credentials.
Neither Steele nor Barnwell appear to have any Financial Planning qualifications, such as the DFP, or any direct advice experience as a current Rep or AR (ref: LI & FAR profiles 29/11/17). Are they the right people to manage an AFSL?
One the reasons that this industry is struggling is the belief that to move it ahead a business leader needs to have DFP qualifications or have been adviser. It needs quality leaders with broad experience gathered not solely from within the industry but outside if for no other reason to stop the nepotism. I don’t know Barnwell but Steele’s is no-ones fool.
Really? You think nepotism can be diminished by FEWER professional credentials? You’d be one of very few who would conclude that. Fact is that a very large part of the cohort of AFSL Management nationally is, and has been for a long time, less qualified than many of the Advisers they manage.
They don’t need to, they are not providing financial advice in their roles. Learn a little more about the sector and the world before commenting again.