“There is very little knowledge on what the career path is. They’ll ask ‘what do I look for when I gradate? Do I look for junior or associate financial planner?’ And some of the financial planning requirements need five to eight years of experience.
“They’re probably not even aware of client administration and paraplanning roles. There’s not a defined career path that students would readily look at to work out what to apply for.”
Olynyk said the financial advice and superannuation industry had a leading role to play in developing graduate programs and internships that were structured so that students had a better idea of what to look for.
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Wealth coaches and ‘finfluencers’ will be the next bubble to burst and financial planners will bear the brunt of any wrongdoing, according to the Financial Planning Association of Australia (FPA).
FPA chief executive, Dante De Gori, said the latest danger and risk to come out of the increasing cost of advice was the emergence of wealth coachers/finfluencers and advisers getting into the wholesale game to avoid obligations and regulatory red tape.
“One main reason of this emergence is that it’s too costly and complicated to deliver those services in the current regime. Financial planners should be able to service consumers at any price point they wish as it is their business models and again we don’t have to force advisers to service low income earners but there should be business models that cater for that at least more so than we do today,” De Gori said.
Press release content from Accesswire. The AP news staff was not involved in its creation.
Six Advisers With Focus Firms Named to the 2021 List of Australia’s Top 100 Financial Advisers
July 19, 2021 GMT
NEW YORK, NY / ACCESSWIRE / July 18, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) ( Focus ), a leading partnership of fiduciary wealth management firms, announced today that five advisers with Melbourne-based Escala Partners Limited ( Escala ), .
NEW YORK, NY / ACCESSWIRE / July 18, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) ( Focus ), a leading partnership of fiduciary wealth management firms, announced today that five advisers with Melbourne-based Escala Partners Limited ( Escala ), .
NEW YORK, NY / ACCESSWIRE / July 18, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) (“Focus”), a leading partnership of fiduciary wealth management firms, announced today that five advisers with Melbourne-based Escala Partners Limited (“Escala”), a Focus partner firm,
2021/07/19 09:00 NEW YORK, NY - ACCESSWIRE - 19 July 2021 - Focus Financial Partners Inc. (NASDAQ:FOCS) ( Focus ), a leading partnership of fiduciary wealth management firms, announced today that five advisers with Melbourne-based Escala Partners Limited ( Escala ), a Focus partner firm, and one adviser with Sydney-based Brady & Associates Financial Advisers ( Brady & Associates ), a member of Connectus Wealth Advisers, also a Focus partner firm, were named to the 2021 list of Australia s Top 100 Financial Advisers. The list is based on an extensive, national survey conducted by
The Australian in collaboration with
Barron s and is a guide to the country s leading wealth management advisers. The advisers from both firms named to this year s list have been on it for at least the last three years.
| 0 Six Advisers With Focus Firms Named to the 2021 List of Australia s Top 100 Financial Advisers New York, 07/18/2021 / 20:11, EST/EDT - EQS Newswire - Focus Financial Partners
NEW YORK, NY / ACCESSWIRE / July 18, 2021 /Focus Financial Partners Inc. (NASDAQ:FOCS) ( Focus ), a leading partnership of fiduciary wealth management firms, announced today that five advisers with Melbourne-based Escala Partners Limited ( Escala ), a Focus partner firm, and one adviser with Sydney-based Brady & Associates Financial Advisers ( Brady & Associates ), a member of Connectus Wealth Advisers, also a Focus partner firm, were named to the 2021 list of Australia s Top 100 Financial Advisers. The list is based on an extensive, national survey conducted by