Taking Courses to Become a Financial Planner

Steps to Financial planning

The financial industry is a fast paced world that delights in its glamour through financial success stories and they are many. When people decide to change careers and leap into this great world, it’s always a step in the right direction especially if you are talented with numbers. Of course the believability of the success shouldn’t be overly centered on last year’s global block buster “wolf of wall street” which depicted a success story devoid of principles. However, one of the sure way to achieve hard earn success is through taking important financial related courses. The accounting courses put you ahead in the corporate world and if you get it right the possibility of smiling all the way to banks are endless.

Let’s consider one of the careers in the financial industry, which can your one way ticket to financial freedom. In addition, its career that is satisfying if you consider the people oriented aspect of helping people to manage finances. Financial planning is a broad topic and various courses may lead you to such a career including financial planning courses. One thing you should learn more about before taking a leap into the financial planning industry is that, it is much regulated business. Every financial planner must hold an Australian financial license which is known as the Australian financial services licenses (AFSL). Or they should be authorized as representatives of the AFSL unless if incase of any exemption.

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As stated above financial planning is a broad career that may not have specific courses that lead to such a career in the industry. However, before one takes a course intended to be a guiding path to the financial planning career then they should confirm whether it is listed on the Australian securities and investments commission (ASIC) training register. One of the minimum requirements to be deemed as Tier 1 Regulatory Guide 146 compliant also known as RG146 compliant training is through the diploma. So people who with the AFS license would have completed a diploma course in financial planning from a recognized institution. In order for a financial student to be recognized as one fit to provide financial advice, they must meet both ongoing and current training specifications as stipulated in the ASIC Regulatory Guide 146 Licensing: training of financial product advisers (RG 146).

Then there is the broad approach of financial planning through the RG 146 Compliant training; this is a financial training solution offered through a self paced program that fits the learners own program. It is offered in both online and hard copy learning that are suppose to impart on the learner some of the best knowledge and skills necessary to survive in the business. The overall program consists of 4 modules plus an assessment in advising in the SMSFs. These compliant tests and course has been designed to evaluate competency among the different financial fields that are relevantly tied to the compliant policy as defined in the guidelines.

Once you have passed all through the necessary requirement then you may be deemed fit to be issued with a license that allows you to become a financial adviser.

SimonMaghor

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