Industry insights

Financial planning industry insights

Employment/positions projection 22% growth to 2020
Earnings (Average full time earnings) $1,701 per week
Full time vs part time 85.3% full time

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. Get 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.

Getting started

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.

 

 

 

Sources: lmip.gov.au, joboutlook.gov.au, financialliteracy.gov.au

Meet your trainers

You'll be guided and supported by experts and thought leaders
Lauren Davis
Trainer
"When everything seems to be going against you, remember that the airplane takes off against the wind, not with it."
– Henry Ford

I’m a qualified financial planner with 15 years’ experience in the financial services industry. I have worked as a financial planner for a small business, as well as running my own business. In the past I’ve also worked for one of the big four banks. I know what it takes to support new starters; I’ve also worked in marketing and supporting other financial advisers to run and grow their own businesses.

What makes me jump out of bed each morning?

Coffee and my much-loved Cavoodle, Henry, ready for his morning walk. I enjoy going out for brunch, watching movies, and watching any sport I can, in particular my beloved Carlton Football Club.

Helen Russo
Trainer
"Together, we can change the world”
– Akiroq Brost

I am a qualified financial planner holding a tertiary qualification in a Masters of Financial Planning as well as being a Certified Financial Planner (CFP®) since 2001. I started in the financial advice industry in 1997, after transferring from a role as a lending manager with ANZ.  During my 20 years in the financial advice industry, I’ve had a number of diverse roles including corporate super at NSP Buck, workplace financial planning with private clients at MLC, and professional and business banking with Macquarie. To follow this up, I set up and ran an Australian Financial Services License for an accounting firm.

Then in 2012 I co-authored and delivered a business succession insurance training program for financial planners and accountants for the Business Risk Institute of Australia.  In 2013 I established my own practice, Encompass Wealth – Financial Life Planning. We specialise in holistic life planning, focusing on the broader context of a client’s life rather than just the numbers. This means integrating clients’ values, vision and wealth.

In March 2017 I was appointed Director at CLIME Private Wealth. This role sees me using my experience, technical knowledge and coaching abilities to provide advice to baby boomers transitioning into their version of retirement.  This is indeed a challenging role, dealing with people at diverse and sometimes difficult times of their lives.  I’ve been using my life coaching skills together with other frameworks gained from transition and retirement coaching studies.

Education has been a major driver of my financial planning journey. I’m currently studying a Diploma of Life Coaching (due for completion in December 2017), and a Bachelor of Social Science (majoring in behavioural science) at Swinburne University.

I have an Advanced Diploma in Financial Planning, together with other specialist accreditations in retirement planning, SMSF, home and aged care, ALPA ASX listed products, collaborative law (financial adviser) and as a retirement and transition coach. I am also a member of the Financial Planning Association, an associate member of the AFA, SMSF Association and a fellow at the Australian Institute of Management.

What makes me jump out of bed each morning?

My family! And the ability to make a difference in someone’s life – I love working with people!

Ben Dascal
Trainer
"Whether you think you can or you think you can’t, you’re right."
– Henry Ford

I am a qualified financial planner holding a tertiary qualification in financial planning, as well as being a Certified Financial Planner (CFP®). I’ve worked as a financial planner for an Australian bank for over two years. Before that, I worked for over seven years as an associate adviser for another financial planning company.

What makes me jump out of bed each morning?

I enjoy catching up with friends, going for walks with my wife and following the North Melbourne
Football Club.

Janine Cini
Trainer
"The only way to do great work is to love what you do."
– Steve Jobs

I’m known as a bit of a superannuation guru here at the Monarch Institute office. I’ve got 30 years of experience in the financial services sector. I’ve worked in underwriting, corporate superannuation fund portfolios, business analysis, and self-managed superannuation funds.

I have undertaken a variety of roles, mostly within large corporations, but also with a number of small businesses. I’m passionate about sharing my knowledge and experience in Monarch Institute’s student contact hours here in Melbourne.

What makes me jump out of bed each morning?

It’s all about balance and fitting as much into the day as possible. If the sun is shining an early morning horse ride is a must. A good balance of work to stimulate the mind and Pilates to keep in shape. And never a dull moment with three children and a close family living nearby.

Josh Wilson
Trainer
"Limitations live only in our minds. But if we use our imaginations, our possibilities become limitless."
– Jamie Paolinetti

I am a qualified financial planner with tertiary and vocational qualifications in financial planning and law. I’ve had 17 years of experience in the financial planning and wealth management industry. I have worked as a financial planner for a large Australian bank and boutique wealth management firm for over 10 years, and prior to that, as a fund accountant for a London-based asset manager.

What makes me jump out of bed each morning?

I am usually woken up by my two girls first! I get excited to see my heirloom tomatoes growing strongly in spring. I love cooking at home on the weekend, hanging out in the park with my wife and two girls, and I’m a mad (suffering) Carlton supporter.

Any questions? Ask away!

Please complete the details below. Your dedicated course consultant will be in touch with you shortly.
  • *Required Fields
  • This field is for validation purposes and should be left unchanged.

Financial planning courses.
For the real world.

Get in touch

What financial planning course would you like to study?

Financial advice has the power to transform lives. As an adviser, you can help protect families, grow wealth, and give people the retirement they deserve. Now’s the time to step up and learn how to provide the advice that Aussies need to get ahead financially.

Starting down a new career path? Keeping your skills sharp? Either way, you’ll love studying with Monarch Institute. Find your course below. And if you’re not sure which one will suit you best, please get in touch now to discuss your options with your dedicated course consultant.

Financial planning courses

You deserve to learn from experts who are just as committed to the financial planning profession as you. Monarch Institute was founded by experienced financial advisers who wanted to show students what it’s actually like to practice in the real world. In other words, not just the theory. Courses are developed with an industry advisory council including recognised thought leaders. Like Dr Jenny Diggle, who’s just been appointed to ASIC’s Financial Services and Credit Panel.

Need your full RG146 compliant qual? Want to specialise in one area of advice? Monarch Institute delivers nationally recognised qualifications, taught on your terms. Fit your professional development in to your busy schedule, confident that you’ll be supported by your trainers every step of the way. It’s just one part of our commitment in helping you smash your career goals.

  • Get the
    skills that
    employers
    really want.
  • Absolute
    flexibility.
    Your way,
    your terms.
  • Unrivalled
    support.
    Delivered
    with care.
How we rank
  • Would recommend
    to a friend
  • Are satisfied
    with the training
  • Are happy with
    our
    responsiveness