Financial planning – a growing industry
Financial planning is an exciting, fast changing industry. It’s quietly transforming the futures of millions of Australians. And you’re about to be a part of it.
The financial advice industry is in the midst of a revolution. Technology is changing the way clients get advice. There’s a trend towards online advice; it’s more accessible and affordable for lots of clients. More and more practices are using software to manage each part of the client advice journey. For example, around 70% of advice practices in Australia use XPLAN, including many of the major banks. Client expectations and needs are evolving. You need to graduate ready to meet those needs.
Bridging the gap for your clients
According to research done on behalf of ASIC, less than 40% of Aussie adults understand basic investment principles like risk/return and diversification. Nearly a quarter wouldn’t be able to cover (or don’t know how they’d cover) three months’ living expenses if they lost their income. 11% have recently lost money they couldn’t afford to lose on an investment. Long story short, there’s never been a greater need for quality financial advice. As an adviser, you’ll have a responsibility for ensuring your clients have a plan in place that meets their needs. But you’ll also need to make sure they understand what you’ve recommended, so they can move forward confidently. And to do that, you’ll need to understand the subject matter inside out. That’s where Monarch Institute comes in. We don’t just teach you the regulation and theory. You’ll learn how to communicate key concepts to your clients.
Your future in financial planning starts now. Start the journey towards becoming qualified for one of the thousands of job openings in financial advice each year. Or take your career to the next level and specialise in a specific type of advice. Whatever path you’re on, you’ll love where studying with Monarch Institute takes you*.
Ready to get cracking on a full RG146 qualification? Explore our FNS50615 Diploma of Financial Planning and FNS60415 Advanced Diploma of Financial Planning. Looking to specialise in a particular area of advice? Check out our courses in Superannuation + SMSF, Life Insurance & Risk Management, Superannuation, Managed Investments, and Margin Lending. They’re designed to get you RG146 compliant. And as a bonus, they’ll give you partial completion of the Diploma qualification.
Already working in advice or accounting? The Tax (Financial) Adviser Course is designed to get you accredited to give tax advice. And our XPLAN Training Course is great for getting to know the industry’s favourite planning software in record time. Of course, if you’re not sure which course is for you, you can always get in touch with one of our friendly course consultants.
*The Financial Adviser Standards and Ethics Authority (FASEA) was established in April 2017. From January 1st 2019, persons wanting to become a financial planner require a FASEA approved degree. For more information contact FASEA.
Sources: lmip.gov.au, joboutlook.gov.au, financialliteracy.gov.au