The Financial Planning Association of Australia has announced a partnership with Deakin Business School, which will allow financial planners to combine a Master of Financial Planning degree with the CFP Certification Programme.
FPA Chief Executive Officer Dante De Gori says in a media release that the move would allow financial planners to combine their study requirements into one single course.
“This is a significant win for financial planners, who will now be able to graduate with both an academic qualification and the highest global professional designation in financial planning, which is recognised in 27 countries around the world.”
He adds that the partnership is designed to offer choice and flexibility to financial planners and brings the education options in line with other professions, like accounting, which already embed designations into their academic programmes.
CFP certification units 1, 2, 3 and 4 have been mapped against the Masters units at Deakin Business School. Deakin will include the CFP certification capstone as an elective option, which counts towards its Master of Financial Planning.
Peter Carey, Head of the Department of Accounting at Deakin Business School, said: “At a time when all financial planners are grappling with the need to satisfy new education standards and demonstrate the highest level of professionalism and competence with their clients, this partnership demonstrates our commitment to working closely with the profession.”