FASEA Professional Year

Joel Ronchi comments for the IFA article “New entrants face hurdles in securing professional year”

When licensees have a clearer number of how many advisers are left in the market at the end of the year, this will likely prompt them to consider setting up a pathway for taking on new entrants. Since January 2019, new entrants were required to complete a Professional Year (PY) which comprised of 1,600 hours […]

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Managing the Financial Adviser Professional Year (SAFAA Article)

In this article about the Professional Year for Financial Adviser, I discuss… a NEW ENTRANT (NE) in the PY can be enrolled to sit the exam as soon as they have a NERN (New Entrant Registration Number) a person can COMMENCE the PY BEFORE completing a FASEA Approved Qualification (the “final stages” rule)… but must

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Managing the Financial Adviser Professional Year Program (video)

With so much time and focus on the FASEA exam requirements, it has been challenging to also consider the requirements for the FASEA Professional Year.  Joel Ronchi, Principal Consultant @ myIntegrity in Practice & Head of Business Development (Fourth Line), will canvas key questions a licensee and supervisor needs to be able to answer when

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SAFAA 2021 Hybrid Conference (May 2021)

The Stockbrokers and Financial Advisers Association Conference is fast approaching (Sydney, 20-21 May), & EARLY BIRD REGISTRATIONS close on 1st May. I’ll be moderating the VIRTUAL Session “NAVIGATING THE PROFESSIONAL YEAR”. You can find the direct link to Conference Information at https://lnkd.in/g77CYU2 The questions I always get asked by Licensees about the PY are: * What’s involved in

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FASEA exam tips, the professional year and why financial advisers will see a pay increase (RISE PPL)

FASEA can be seen as a bit of ‘white noise’ to Paraplanners but in this episode, we talk bigger picture on the long term impact of the new regulations within the financial advice industry. The FASEA Standards will see a lot of movement both from exiting advisers and new entrants to the industry which will

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An old Pathway to a new Career as a Financial Adviser

Demand for skilled paraplanners has increased significantly as advisers deal with soaring admin time in the face of regulatory change. Financial Advisers are no longer able to ‘do everything themselves’ because the advice delivery process has evolved beyond its simple beginnings to a highly sophisticated, complex and at times confusing infrastructure. This is an indication

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Single Disciplinary Body delayed up to 2 years

“Legislation to implement the single disciplinary body will … now be introduced at the end of next year.” says the Assistant Minister for superannuation, financial services & financial technology. This means the force of the new legislation will not be in place for another 18-24 months. IMPORTANT NOTE – AFSLs must CONTINUE to monitor &

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Becoming a Financial Planner: a Tale of Three Pathways

There has never been a better time to start a career in financial advice. The Financial Advice profession is sometimes called the “unknown” profession.  For many high school student and university graduates, there is a complete lack of awareness about financial planning as a career.  With no clear and reputable pathway to the profession until

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Why Millennials & Gen Z will be the Next Generation of Financial Advisers

Financial planning is still very much the “unknown profession”.  Alisdair Barr of Striver, a firm which seeks to connect university graduates with accounting and advice firms via online matching and ‘speed meeting’ events, recently commented that, “the biggest barrier to creating a (pool of new Financial Advisers) is a lack of awareness about financial planning

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Got a passion to help others? Here’s the PERFECT CAREER you haven’t considered

Like many in the financial planning industry, I fell into financial planning knowing very little about the industry or what it did.    I completed a Degree before entering the industry, although it was not a requirement.   In fact, I know several people who left school at Year 10, joined a financial planning practice in an

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