In January 2019, the Australian financial sector changed forever. An
investigation into the ethics and actions of the sector uncovered serious
misconduct, leading the Financial Advisor Standard and
Ethics Authority (FASEA) to declare a new era.
An era in which all financial advisors must meet a new set of standards in
order to practice.
While many in the industry agree that it was a long time coming, the
shake-up rocked the industry. The new standards mean that some existing
financial advisors may have to re-train, and those who are up-and-coming need
to ensure the course they study meets the latest requirements.
Sensing the uncertainty in the industry, Australian Catholic University (ACU) provided a solution: the Graduate Diploma of Financial Planning through Open Universities Australia (OUA). Not only is the course accredited by the Financial Planning Association of Australia, it goes above and beyond to give financial advisors greater confidence than ever before.
Two academics from Australian Catholic University – Susan Dann,
Professor of Marketing and Foundation Head of the Peter Faber Business School, and Dr. Wendy
James, National Deputy Head of the
School, sat down to tell OUA
why the course is changing the game.
An ethical approach
With the banking royal commission fresh in the minds of consumers and industry alike,
it was integral for ACU to offer a course that
not only met regulations, but created graduates who live and breathe ethics.
“As we know from the findings of the royal commission, a lot of the
problems that people had as a result of financial planning were due to breach
of ethics,” Wendy says.
Many financial courses teach one subject in ethics, the academic
explains. But ACU’s approach gives graduates deeper knowledge –
weaving ethics into subjects throughout the course.
The ultimate flexibility
With many existing financial planners needing to up-skill to meet new
regulations, the Graduate
Diploma of Financial Planning through OUA is an ideal solution – as
specific skills can be studied as single subjects.
But single subjects from the Diploma
aren’t just for those who’ve worked in finance before. As Susan explains,
they’re a great option if you’d like to test the water before committing to the
“Single subjects are
able to be stacked so that you can ultimately develop a full degree or
“If you study one unit, it can provide you with the basis for moving on.”
The industry edge
The course’s roots in industry are yet another element that sets it
“The majority of our academics are actually financial planners. So they have
hands on experience in the industry,” Susan says.
“Students can be assured that what they’re learning is fully up-to-date with
what is happening in industry today.”
What you’ll learn
Interested in the life of a financial planner? Or are you an existing
financial planner wondering whether this is the right course to gain
Study the Diploma of Financial Planning, and you’ll cover
subjects such as:
To learn more about how to study through OUA – fill out the form on
this page, and a friendly student advisor will get in contact. You can also
chat to them on OUA’s website
Messenger service, Facebook Messenger, WhatsApp or SMS. They’ll help you find
the right course for your future.
Otherwise, head over to the website to browse hundreds of
degrees and subjects from leading Australian
universities right now.