The financial planning education and training agenda in Australia
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Against a backdrop of fitiaticial services reform atid uncertain economic times, attention has been focused oti the competence of financial advisers. This paper examines the current training and education standards set by the Australian Securities and Investments Commission and those set by professional bodies such as the Financial Planning Association of Australia. It provides a comparison of the state of regulation of financial planners in the United States with the recent report released by the Government Accountability Office (GAO). The paper suggests that minimum training standards set by the Australian regulator have allowed private education providers to capture the training and education agenda away from the profession with the result that financial planning in Australia may not yet be a profession, but simply an industry.
Financial Services Review: the journal of individual financial management
© 2011 Academy of Financial Services. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
Investment and Risk Management