There’s no denying that advisers have had it tough for quite some time now. An industry still in the throes of change, financial advice has been reinvented, with a deadline of 2024, for all advisers to be degree qualified.
In twenty years’ time I am sure we will all look back and realise just how important a move this was to really connect more Australians with quality advice.
While the new standards body that is to be established will give recommendations on both degree pathways and CPD training, I believe there’s not a moment to waste for advisers to demand the very best educational resources possible.
The traditional learning that gives status quo results will no longer cut it. I see licensee groups upping the ante – at No More Practice we are working with some of the biggest groups on online learning platforms that bring the training to life via video and dedicated training modules led by industry leaders.
Events and professional development (PD) days need to be more targeted on the right subjects, ,and fund managers need to be collaborated with to contribute education and content resources that support the advisers and their clients with the ability to educate their clients with scale via digital learning.
In order to demand and receive the very best educational resources that you need, I recommend three things:
- Write down a list of the areas where you want to expand your knowledge. Many advisers have told us they want more content and education around SMSF, and aged care. Whatever the area of knowledge is you need, write down at least your top three.
- Ask your learning manager what content exists in this space already. Assess it and see if you think it’s enough. If it’s not, I urge you to write to us via our website – we have a network of providers who should be able to help.
- Put aside a timeframe and a budget. While I am not suggesting spending a fortune, getting access to high quality education may cost you something from your own pocket. While I realise you already may pay dealer group fees, you may need to go outside your network to get what you need. It will most likely be a few hundred dollars – but believe me when I say, you are worth it.
If you belong to a large dealer group, ask your education heads what new initiatives they have to give you the very best in learning – without having to leave your office. We are working with many of them to provide video-based training.
If you are an independent adviser, or belong to a licensee group, I encourage you to leverage our online learning centre for CPD training, free of charge. We remain committed to bringing you even more high quality learning that is video-based, and not boring!
Investing in your own education is not just a life long journey, but a guarantee of a better result for your clients and your staff.
“I did then what I knew how to do. Now that I know better, I do better.” ― Maya Angelou
This quote is powerful as it acknowledges two things: that we all do the best we can, with what we know. And when we know more, we do more.
I look forward to being part of the education journey with you. We are dedicated to providing advisers with resources and learning that makes a difference.
The opinions expressed in this content are those of the author shown, and do not necessarily represent those of No More Practice or its related entities. All content is intended for a professional financial adviser audience only and does not constitute financial advice. To view our full terms and conditions, click here.
