More advisers seeking specialist SMSF qualifications
As the establishments of SMSFs continue to rise, there has also been an increase in the number of finance and professionals upskilling to keep up to date with the latest legislation and regulations.
Kaplan Professional said SMSF specialisation is among one of the fastest-growing and in demand courses it now offers.
The education provider offers a range of industry-renowned SMSF qualifications and courses, providing working professionals with a pathway towards becoming a specialist in Australia’s fastest growing sector of the superannuation industry.
The programs range from an introduction to SMSF to its Masters of Financial Planning with SMSF Specialist Advisor designation.
Kaplan Professional CEO Brian Knight said enrolments in Kaplan Professional’s SMSF elective subject – FPE020 SMSF Regulation and Taxation – have increased by 30 per cent.
“This large uptake is being driven by a number of factors. Enrolment numbers in each of our six study periods show that it is now our most popular elective subject,” he said.
“The subject is built in partnership with the SMSF Association and successful completion provides eligibility to apply for the SMSF Specialist Advisor (SSA™) designation.
“Financial advisers are wanting to complete the elective subject as part of the Master of Financial Planning, so they can achieve a Master’s degree and the SSA™ designation at the same time.
“Advisers are also completing it as a single stand-alone elective subject in great numbers to further specialise and gain more recognition. This includes both advisers who have completed the Graduate Diploma of Financial Planning and advisers who would qualify for the proposed 10-year experience pathway.
“The number of new entrants enrolling in our postgraduate financial planning courses has increased significantly over the past 12 months. Many of them are choosing to enrol in FPE020 as they want to gain SMSF technical knowledge and skills because they see it as an important area of financial advice.”
“While the majority of enrolments in FPE020 are financial advisers, the number of SMSF industry participants who are enrolling in the elective subject is trending upwards.”