By: Wealth Professional | January 6, 2015
Read More, and see what Scott Plaskett says about getting a university degree.
At least that’s what could happen if Canada adopts a recent recommendation by the Australian government. Should we follow suit?
In an 85 page report released in mid-December from the Australian government’s Parliamentary Joint Committee on Corporations and Financial Services, the 10 person committee laid out its recommendations for raising the professional, ethical and education standard in the financial advice industry.
One of its chief recommendation is that financial advisors possess a minimum educational standard. If implemented, all those providing advice on Tier 1 financial products (basically anything besides general insurance and basic deposit products) in Australia would need a relevant university degree in order to do business in the country…
