Kaplan Professional iintends to offer enrolments for ‘Ethics and Professionalism in Financial Advice’ in July if FASEA approval is granted, according to a statement.
Pending FASEA approval, Kaplan Professional is preparing for September enrolments into the two other bridging courses: ‘Financial Advice Regulatory and Legal Obligations’ and ‘Behavioural Finance: Client and Consumer Behaviour, Engagement and Decision Making’.
Kaplan Professional chief executive Brian Knight said he was delighted to work with Deloitte and especially Dr Sanders, Deloitte leader ethics and professionalism, as he wanted to work with the very best people available to set the benchmark for adviser education.
“FASEA has placed great importance on these three knowledge areas. Which is a strong indication it sees improvement in these skills as integral to the future of the profession and to advisers’ performance,” Mr Knight said.
“The involvement of Deloitte will ensure these bridging courses are best-in-breed – unprecedented, innovative and cutting edge, and will significantly contribute to the fabric of adviser education.
“We wanted to go ‘above and beyond’ the norm and transform what is available in the market.”
Mr Knight added that the fundamental contribution of Dr Sanders in the development of the bridging courses would be an enormous asset for the credibility of the content.
“Dr Sanders is renowned as a global leader in the field of ethics, trust and regulation and its impact on professional behaviour and conduct. He has a deep and profound understanding of Australia’s financial services sector,” he said.
“In addition, he brings an unrivalled insight from his time at FASEA, understanding the vision for the professionalisation program in the Corporations Act to encourage sustained change in behaviour, to align with professionalism, and to champion a positive and long-term future for trusted financial advice.”
Please explain how the FASEA exam will make an Adviser better educated to assist clients ? The exam reading material is legal speak. How is this going to help clients ? Clients want complex situations made simple. The whole FASEA regime is not about lifting education standards it is about making an industry out of an industry by making all Advisers pay education prviders… and for what ? Sitting an exam in this day & age is not a reflection of a real life situation … when is any person put into a real life situation where you must sit for 3 hours in an exam like scenario ? Experience of advising clients for 10 years, CFP, excellent compliance record, very satisfied clients, follow best interest always.. all counts for nothing… FASEA regime says this is not good enough you need to study more … no amount of study is going to change the way I advise clients… FASEA regime is simply penalising good experienced Advisers
[quote=Not a FPA Member][quote=Newbie]Hi Everyone,
I understand these bridging courses are awaiting FASEA approval.
Are they accredited by the FPA ?
could anyone clarify?[/quote]
What does it matter? FPA mean squat when it comes to legislated education requirements.[/quote][quote=Not a FPA Member][quote=Newbie]Hi Everyone,
I understand these bridging courses are awaiting FASEA approval.
Are they accredited by the FPA ?
could anyone clarify?[/quote]
What does it matter? FPA mean squat when it comes to legislated education requirements.[/quote]
well it does to me. I want to be a CFP as it [b]perceived[/b][b][/b] to be someone with a higher level of education and i want to be seen as such.
[size=10px]foot note:
perceived = not real but only perceived, that is seen to be, but not actual, meaning not real in fact but in appearance only (i think i will be [size=10px][/size]a lawyer)[/size]
[quote=Newbie]Hi Everyone,
I understand these bridging courses are awaiting FASEA approval.
Are they accredited by the FPA ?
could anyone clarify?[/quote]
What does it matter? FPA mean squat when it comes to legislated education requirements.
The advice insustry has been allowing itself to be destroyed by external influences for years. How long are we going to tolerate the mandate driven by instos and start running our own show?
Another conflict in the world of FARCEA
Hi Everyone,
I understand these bridging courses are awaiting FASEA approval.
Are they accredited by the FPA ?
could anyone clarify?
If I added up all the short courses, CPD, training, webinars I’ve completed, like most advisers, I would have a Masters Degree.
Very much feels like the Academic Sector has let down Financial Planners. These advisers will be enrolling in 3 courses that give you Zippy do day nothing. A mere Certificate in thanks for coming, no doubt. What’s needed is the University Sector to offer relevant subjects for experienced advisers and start formulating post graduate degree qualifications that meet FASEA & TPB requirements. Tax Payer Funded Universities should be writing 4 courses and delivering a University award at. No doubt we’ll walk away being accused of having no education.
For decades tax payer funded Universities have let Financial Planners down. We’ve been forced to enroll in one off courses offered by the Private Sector to fill our education gap, yet then the Government turns around and makes this compulsory for experienced advisers. This is where a strong independent association should be acting for advisers.
Smacks of a deal done. Ignore most existing qualifications and experience so that Kaplan can benefit financially and then get a job with them afterwards. Talk about ethics and professionalism!!
Good money in FASEA – just don’t need ethics.
I hope Dr Sanders qualifications aren’t more than 10 years old as we all know his views on that, and I don’t want that impacting the quality of the course. I will also be really interested in his course on ethics, especially the topic of conflicts of interest.
Is this the ” Adjunct Professor ” that was a has been at the FPA , defunct FP and now Academic of Nothing important ?