{"id":28559,"date":"2015-02-02T14:55:37","date_gmt":"2015-02-02T03:55:37","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=28559"},"modified":"2015-02-02T14:55:37","modified_gmt":"2015-02-02T03:55:37","slug":"existing-advisers-dont-need-uni-degrees-fox","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2015\/02\/02\/existing-advisers-dont-need-uni-degrees-fox\/","title":{"rendered":"Existing Advisers Don\u2019t Need Uni Degrees \u2013 Fox"},"content":{"rendered":"<p><span style=\"line-height: 1.5em\">Association of Financial Advisers CEO, <strong>Brad Fox<\/strong>, has backed the call for higher education standards for financial advisers, but does not believe current practitioners need a university degree.<\/span><\/p>\n<p><!--more--><\/p>\n<figure id=\"attachment_25700\" aria-describedby=\"caption-attachment-25700\" style=\"width: 150px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2014\/03\/Brad-Fox-B-21.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-25700\" alt=\"AFA CEO, Brad Fox\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2014\/03\/Brad-Fox-B-21.jpg\" width=\"150\" height=\"180\" \/><\/a><figcaption id=\"caption-attachment-25700\" class=\"wp-caption-text\">AFA CEO, Brad Fox<\/figcaption><\/figure>\n<p>Speaking at <a href=\"http:\/\/www.thevaluealliance.com.au\/\" target=\"_blank\">The Value Alliance<\/a>\u2019s New Year event in Sydney last week, Mr Fox said it was not appropriate for existing advisers to be expected to go back to university and get a degree in order to continue to be able to practice. Instead, Mr Fox believes a professional designation, such as the AFA\u2019s FChFP or a Masters of Financial Planning is a more achievable option for those already working as advisers.<\/p>\n<p>\u201cWe already have a shortage of quality financial advisers. As the demand for advice continues to grow &#8211; as more and more Baby Boomers head towards retirement &#8211; and as older advisers themselves exit the market, we will see this gap widen,\u201d Mr Fox said.<\/p>\n<p>\u201cAny time you take an adviser away from their day to day job of helping Australians prepare for their future you add to this problem. Advisers who are sitting in a university classroom are missing out on helping potential new clients. That means less Australians getting access to quality advice \u2013 that seems counter to what the education reforms are trying to achieve.\u201d<\/p>\n<h6>&#8230;we will need time to rebuild our reputation<\/h6>\n<p>Mr Fox said he believed there was a strong future for financial advisers, but that it would take time to overcome the sector\u2019s perception problem.<\/p>\n<p>\u201cGreat advice practices are flourishing despite the current issues,\u201d he said. \u201cThe future is bright, the demand for advice is through the roof \u2013 but we will need time to rebuild our reputation.\u201d<\/p>\n<p>To combat the negative commentary about advice, Mr Fox encouraged all advisers to \u201cdo what they do best\u201d and share more stories about the value of advice.<\/p>\n<p>\u201cIf 1000 advisers each spoke to 1000 people about a good claims story, then through the multiplication effect of word of mouth, those stories would reach well over 1 million people. That\u2019s just one way we can spread the real story of advice.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Association of Financial Advisers CEO, Brad Fox, has backed the call for higher education standards for financial advisers, but does not believe current practitioners need a university degree.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[282,241,248],"tags":[],"class_list":["post-28559","post","type-post","status-publish","format-standard","category-associations","category-conferences-and-events","category-training"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/28559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=28559"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/28559\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=28559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=28559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=28559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}