tag:blogger.com,1999:blog-31350666.post2329782035603114121..comments2024-03-12T18:10:53.002+11:00Comments on Enough Wealth: Diploma of Financial Service (Financial Planning)enoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-31350666.post-38640711792521525132024-03-08T01:56:56.976+11:002024-03-08T01:56:56.976+11:00Latest Update: Finished my Masters in Financial Pl...Latest Update: Finished my Masters in Financial Planning (with Distinction). Currently enrolled in a PhD part-time. Still have my FT IT 'day job' and am also an 'authorised representative' of an AFSL so that I can work on my part-time financial planning practice as a 'side gig' (easy to fit in client interviews etc. as I 'work from home' since the pandemic). Still enoughwealth@yahoo.comhttps://www.blogger.com/profile/09371028394685288035noreply@blogger.comtag:blogger.com,1999:blog-31350666.post-63220280133251224722020-08-12T14:20:46.324+10:002020-08-12T14:20:46.324+10:00I ended up not doing completing the course with ps...I ended up not doing completing the course with ps146 (didn't have time as I was doing my MAstron I think), and I then did the DFP via IIT - finishing it off in time to get registered as an 'existing advisor' before the new work experience rules came into effect. The content of the ps146 and IIT courses was fairly similar. I'm currently doing a MFP at Western Sydney Uni, and also enoughwealth@yahoo.comhttps://www.blogger.com/profile/09371028394685288035noreply@blogger.comtag:blogger.com,1999:blog-31350666.post-30272257635055990572008-01-17T10:01:00.000+11:002008-01-17T10:01:00.000+11:00I would be interested to see what you think of the...I would be interested to see what you think of the courses once you've enrolled.<BR/><BR/>As you mentioned 8 days doesn't seem long enough to obtain any sufficient or substantial level of knowledge in the area mentioned.JWhttps://www.blogger.com/profile/17321126623166177315noreply@blogger.comtag:blogger.com,1999:blog-31350666.post-59937618751247327722007-07-02T15:43:00.000+10:002007-07-02T15:43:00.000+10:00That's true enough wealth, but fortunately I only ...That's true enough wealth, but fortunately I only charge an Adviser Service Fee, and I rebate all commissions back to the client or just dial it down to 0 from the outset.<BR/><BR/>And I think alot of planner's these days are going down the ASF track as opposed to receiving commissions.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31350666.post-25431004599658975632007-07-02T11:24:00.000+10:002007-07-02T11:24:00.000+10:00As I understand it, an "independent" can't receive...As I understand it, an "independent" can't receive commissions. According to ASIC the term "Independnt" (along with "unbiased") are RESERVED words and can't be used to describe a financial planner that gets paid via commisions - even trailing commisions. See http://www.asic.gov.au/asic/asic.nsf/asic%20fsr%20faq%20displayw?ReadForm&unid=5E1F3F927242EFF2CA256D81001872F2<BR/><BR/>I know that in the enoughwealth@yahoo.comhttps://www.blogger.com/profile/09371028394685288035noreply@blogger.comtag:blogger.com,1999:blog-31350666.post-22613748880325398782007-07-01T20:22:00.000+10:002007-07-01T20:22:00.000+10:00BigBudda, in my experience Big Fours and Independa...BigBudda, in my experience Big Fours and Independants both have their good and bad. Big Four tend to have less experience, but strong compliance departments, and those that dont follow the letter of the law dont last long. the bank adviser dont rely so much on commission and the dealergroups do not have to run at a profit, therefore they can provide a lower cost service<BR/><BR/>Independants uniquecoffeetableshttps://www.blogger.com/profile/12597674688807818652noreply@blogger.comtag:blogger.com,1999:blog-31350666.post-67115362880115327912007-07-01T08:31:00.000+10:002007-07-01T08:31:00.000+10:00Evets, I completed it some time ago back in 2000-2...Evets, I completed it some time ago back in 2000-2001. One of the rules when I was completing DFP8 was that you couldn't use obviously templated financial planning text ie planning software.<BR/><BR/>The rules may have changed somewhat in recent years, I'm not sure.<BR/><BR/>But yes, I do agree with you that the DFP courses are nothing, especially if you've done a uni degree like I had.<BR/><BR/>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31350666.post-76490815578687983222007-06-29T23:26:00.000+10:002007-06-29T23:26:00.000+10:00Mate, dont expect to learn too much from the old D...Mate, dont expect to learn too much from the old DFP. It is just a compliance course to make people think ASIC is doing the right thing.<BR/><BR/>I hold a uni degree (B Com), DFP 1-8 and have almost completed Grad Dip Applied Finance. I can tell you, DFP may as well come from cornflakes packet. The course i did was a simple assignment and an open book multiple choice exam.<BR/><BR/>Thats stilluniquecoffeetableshttps://www.blogger.com/profile/12597674688807818652noreply@blogger.comtag:blogger.com,1999:blog-31350666.post-84988522853182087952007-06-29T20:08:00.000+10:002007-06-29T20:08:00.000+10:00BB - I also thought the amount of time required wa...BB - I also thought the amount of time required was way too brief to learn very much, but apparently that is all that is required. I suppose this comes from the fact that until relatively recently a lot of financial planners had little or no qualifications at all - I believe that much tighter regulation and educational requirements only came into effect this century. Then again, from the "enoughwealth@yahoo.comhttps://www.blogger.com/profile/09371028394685288035noreply@blogger.comtag:blogger.com,1999:blog-31350666.post-16005722391232713392007-06-29T06:35:00.000+10:002007-06-29T06:35:00.000+10:00when i said "right" i meant "write" hehe fairly ti...when i said "right" i meant "write" hehe fairly tired when i wrote this heheheh..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31350666.post-80797611962229186862007-06-29T06:31:00.000+10:002007-06-29T06:31:00.000+10:00an 8 day course to complete your Dip FP sounds lik...an 8 day course to complete your Dip FP sounds like crazy talk.<BR/><BR/>I would seriously question the quality of the training provided at this particular provider.<BR/><BR/>I've been an FP for more than 8 years and haven't come across anyone who has used this service, let alone used it to "qualify" themselves as a FP.<BR/><BR/>DFP8 the last course you take should at least take you a copule Anonymousnoreply@blogger.com