The Financial Advice Association Australia (FAAA) is expanding its Approved Specialisations Program, with applications now open to education and designation providers offering qualifications in a broader range of financial advice areas. The program supports the FAAA’s long-standing commitment to supporting advisers in deepening their professional expertise through specialist education.
Until now, the program has included specialisations in Aged Care, Life Risk, and the Fellow Chartered Financial Practitioner (FChFP) designation. The expansion will now welcome applications from education providers offering programs in new areas, including:
Education providers offering qualifications in other specialist fields relevant to financial advice are also encouraged to apply.
“There is increasing demand from consumers for advisers with demonstrated expertise in specific advice areas,” Anne Palmer, FAAA General Manager of Education said.
“We want to support advisers in their ongoing learning and development and help them stay in the profession they’ve worked hard to be part of. Licensees with advisers focusing on aged care or SMSF for example, often mandate further education in these fields for their advisers. An FAAA endorsed specialisation ensures the education content is of sufficient standard and that advisers holding the specialisation are continuing to undertake at least 5 hours of CPD per year in staying up to date in that field.
“By expanding the Specialisations Program, we are helping advisers distinguish themselves professionally and partnering with quality education providers to raise the standard of advice across the industry.
“Recognising high-quality specialist education is one way we can make that pathway clearer, more rewarding, and more accessible.”
There is no fee to apply, and providers can submit their application via the FAAA website: https://faaa.au/expansion-of-our-approved-specialisations-program/