{"id":38367,"date":"2017-09-19T12:00:45","date_gmt":"2017-09-19T02:00:45","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=38367"},"modified":"2017-09-19T22:55:48","modified_gmt":"2017-09-19T12:55:48","slug":"advisers-can-meet-degree-requirements-before-2024","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2017\/09\/19\/advisers-can-meet-degree-requirements-before-2024\/","title":{"rendered":"Advisers Can Meet Degree Requirements Before 2024"},"content":{"rendered":"

Financial advisers still have sufficient time to meet new academic qualification requirements but will need to engage in a disciplined approach to be able to study and work, according to Mentor Education<\/a>.<\/p>\n

\"Mentor<\/a>
Mentor Education Managing Director, Mark Sinclair<\/figcaption><\/figure>\n

Mentor Education Group founder and Managing Director Dr Mark Sinclair<\/strong> said that initial responses to incoming education requirements from older advisers was to consider them as \u201c\u2026a draconian impost on their time \u2013 or an affront to their professionalism and track record of exemplary and ethical provision of advice and client service\u201d.<\/p>\n

Sinclair said anxiety over the requirements was unwarranted and with more than six-years\u2019 time available to advisers they could complete a bachelor degree by the 2024 deadline and maintain an advice business, instead of planning for their own retirement.<\/p>\n

He outlined a timetable based on 12 units of study for a Master of Financial Planning, from the University of Notre Dame, for which most advisers will get four exemptions towards the qualification.<\/p>\n

“…professional industry standards…herald the start of a new and exciting era for the advice sector”<\/h6>\n

With each unit taking 12 weeks, and advisers able to study each unit in succession, it was possible to complete four units in a year and the eight units required for most advisers within two years, Sinclair said, adding that advisers have six and a half years, until 2024, to complete their studies.<\/p>\n

Additionally, advisers would add value to their practice by adding advice areas, would receive up to 50 CPD points per unit of study and be able to add the qualification of Master of Financial Planning after their name, Sinclair said.<\/p>\n

\u201cAlthough there continues to be small pockets of resistance and negativity to the academic and professional industry standards, the reality is they herald the start of a new and exciting era for the advice sector,\u201d Sinclair said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Financial advisers still have sufficient time to meet new academic qualification requirements but will need to engage in a disciplined approach to be able to study and work, according to Mentor Education.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,248],"tags":[],"class_list":["post-38367","post","type-post","status-publish","format-standard","category-compliance-regulation","category-training"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/38367","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=38367"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/38367\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=38367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=38367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=38367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}