Diploma in Financial Planning

[TooBizi]

Hi all

I am thinking about doing a Diploma in Financial Planning so I can then link up with an outfit like Professional Investment Services (www.profinvest.com.au) or the like to be able to provide financial planning advice to my client base once I get back to Aust later this year and set up my small business management business.

ASIC has approved various different organisations with whom one can do a Diploma in Financial Planning.

The first one I thought of was Kaplan (formerly FINSIA) who are charging $625 per module for members. There are four modules to do. I also found Investment Banking Institute in Melbourne who is also accredited and they offer the same Diploma for $1,300 (Distance learning) for all four modules (from what I can read on their site).

Are there people in the forum who have done a Diploma in Financial Planning and does it matter which organisation you do the Diploma with?

Any advice will be greatly appreciated.

Cheers
Binjal

[Burgo]

Providing they are a recognised RTO cant see a problem.
Some of the more expensive organisations allow you to work at your own pace and often you can complete the course quicker it depends what you want and how much you are prepared to invest.

[TooBizi]

Burgo

Thanks for your response and yes this company is registered and also accredited by ASIC which is also important.

[Burgo]

Go for it and good luck

[BB]

Binjal -

I've done it.

No, it doesn't matter where you do it so long as the course trainers are recognised by ASIC. The variance in course fees continually amaze me, I've also done another diploma with Finsia and it was enormously expensive.

You'll also have to investigate an AFSL (Australian Financial Services Licence) before giving out financial advice.

B.B.

[TooBizi]

Originally Posted by B.B.

Binjal -

I've done it.

No, it doesn't matter where you do it so long as the course trainers are recognised by ASIC. The variance in course fees continually amaze me, I've also done another diploma with Finsia and it was enormously expensive.

You'll also have to investigate an AFSL (Australian Financial Services Licence) before giving out financial advice.

B.B.

Hi BB
Thanks for the feedback. I to have done a Grad Dip through FINSIA, but it wasnt in Fin Planning, and yes it isnt cheap but work paid for it so it didnt hurt my wallet.

As for AFS License - I am thinking of joining an outfit like Professional Investment Services (www.profinvest.com.au) or wealthy frog (www.wealthyfrog.com.au).

[auscordev]

Hi Binjal,

I just did my DFS with Investment Banking Institute. I liked the help I got when I had troubles with aspects of derivatives, there is no 3 hr exam and more importantly for me there was no "re-examination fee" which RG146 wanted to charge if I failed the test.

I did the class room course because I needed to ge it done fast for my boss.

We had a lot of fun and I found some good people in the course who I still keep in contact with. I think at $2500 the class room course was the best value I could find. A couple of us are doing the Advanced Diploma together.

Des

[YoungNomad]

Originally Posted by BB

Binjal -

I've done it.

No, it doesn't matter where you do it so long as the course trainers are recognised by ASIC. The variance in course fees continually amaze me, I've also done another diploma with Finsia and it was enormously expensive.

You'll also have to investigate an AFSL (Australian Financial Services Licence) before giving out financial advice.

B.B.

I absolutely love the name of your website! Talk about blue cow marketing.

[Dangrod]

Originally Posted by auscordev

Hi Binjal,

I just did my DFS with Investment Banking Institute. I liked the help I got when I had troubles with aspects of derivatives, there is no 3 hr exam and more importantly for me there was no "re-examination fee" which RG146 wanted to charge if I failed the test.

I did the class room course because I needed to ge it done fast for my boss.

We had a lot of fun and I found some good people in the course who I still keep in contact with. I think at $2500 the class room course was the best value I could find. A couple of us are doing the Advanced Diploma together.

Des

Hi Des,

I also did my DFS with IBI. Didn't get to go to the workshops as I am in Brisbane.

How did you go with the ADFS? I'm up to the final SOA and thought we could collaborate? I just find it a bit tougher via distance. Happy to help where I can.