Five entries from universities around Australia have made it to the final stage of the AMP University Challenge, seeking to promote the next generation of financial advisers.
With $10,000 prize money at stake, the competition is aimed at driving higher professional standards in financial planning, AMP said in a statement.
All competitors were required to submit financial plans for hypothetical clients, following proper advice processes while showing the advice was in the client’s best interests.
The final stage of the challenge includes a technical quiz, a formal presentation on a topical industry issue, and a mock advice interview where finalists have to present a financial plan to a client.
The entries come from Deakin University, TAFE NSW, Griffith University and Central Queensland University.
There are two teams and three solo competitors.
“We’ve had a record number of entries this year, so the competition has been hotter than ever to score a place in the top five,” AMP head of education, capability and careers Rod Edge said.
A record 213 students entered the competition, which is now in its ninth year.
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