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Diploma of Financial Services (RG146/PS146)

Re: Financial Planning Studies

Easiest one in the industry would have to be Kaplan. Assignment is quite straight-forward and the exam is multiple choice and open book! Not too pricey either.
 
Re: Financial Planning Studies

Easiest one in the industry would have to be Kaplan. Assignment is quite straight-forward and the exam is multiple choice and open book! Not too pricey either.

Is this the course that Storm financial planners scraped through.
 
Re: Financial Planning Studies

Is this the course that Storm financial planners scraped through.

Could be! But I know a lot of large financial institutions use Kaplan for their educational learnings.

The information they provide is all good and easy to read, it's just that the examination process is a little too easy.

I completed DFPs 1-8 with them and passed 1st time for all. Most of the exams passed were either 100% or 95% correct, with the answers word-for-word from the book. So as long as you know where to look and how to read, then you'll be fine with them.
 

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Re: Financial Planning Studies

Easiest one in the industry would have to be Kaplan. Assignment is quite straight-forward and the exam is multiple choice and open book! Not too pricey either.

Dezza, so many firms use kaplan nowadays? is it a respectable firm? i just want to make sure i complete my studies with the right firm.

cheers
 
Re: Financial Planning Studies

Could be! But I know a lot of large financial institutions use Kaplan for their educational learnings.

The information they provide is all good and easy to read, it's just that the examination process is a little too easy.

I completed DFPs 1-8 with them and passed 1st time for all. Most of the exams passed were either 100% or 95% correct, with the answers word-for-word from the book. So as long as you know where to look and how to read, then you'll be fine with them.

Just ask yourself why its so easy. Either the subject matter is so obvious to any newt, or the majority of those sitting are newts.

Easiest one in the industry would have to be Kaplan. Assignment is quite straight-forward and the exam is multiple choice and open book! Not too pricey either.

Oh dear , need I repeat myself.

Dezza, so many firms use kaplan nowadays? is it a respectable firm? i just want to make sure i complete my studies with the right firm.

cheers

Its the piece of paper that's important mate, not the knowledge gained, once you realise this you will be stormin mate.

i see you graduated top of the class! good stuff Garp!

Ok you guys listen up.

If I were ever to become a financial planner I would do the following.

1. Put everything in Mrs Gumnut's name.
2. Find the easiest course that would enable me to put a shingle up.
3. Do a week or two selling Ladas in a second hand car yard.
4. Put a fountain in the lobby of my office.
5. Offer the first visit free to those ripped off by a FP debacle recently.

gg
 
Garp,

thats why im aking who the industry standard is?
so when i finish the piece of paper means something.

DOES ANYONE KNOW?

years ago it was Deakin Uni. everyone did it there.

WHERE DOES EVERYONE DO IT NOW????
 
Im doing mine through PS146 Training. Kaplan is pretty popular also. As long as they are a recognised training organisation the have to provide pretty much the same material anyway, so i went for one that was cheapish with no exams, as i have enough uni exams
 
Im doing mine through PS146 Training. Kaplan is pretty popular also. As long as they are a recognised training organisation the have to provide pretty much the same material anyway, so i went for one that was cheapish with no exams, as i have enough uni exams

no exams????
 
Haha. Well, it was easy cause I was dealing with the issues and subjects on a daily basis at work. However, I know a few people who tried to complete DFP 1 with Kaplan (back then Tribeca), who were your regular bank customer service people and they failed. So I guess it just depends on your personal development and understanding. It takes some time to get use to calculating Newstart Allowance, Pensions and redundancies if you're not doing these regularly.

As for costs, I only say it was cheap cause the company paid for everything and received a discount due to association, but if you failed, you would have to pay for the re-sit. I think it's still about $600 a pop for each DFP.

The Financial Services companies that I know use it are quite large, including some of the Big 4 banks, and the larger fund managers.

But in the end, it doesn't really matter where you get it from. In the end, it's still a DFP or Adv DFP which the employers will see.
 
All assesment is done through assignments

It's changed since I did it 4 or 5 years ago (with Tribeca).

But the exams were easy. 8 sections with 10 questions in each section approx. You needed to get 80% in each section. The exam was open book and if you failed a section you could go back later ad redo that one individual section.
 
All assesment is done through assignments

Haha. Well, it was easy cause I was dealing with the issues and subjects on a daily basis at work. However, I know a few people who tried to complete DFP 1 with Kaplan (back then Tribeca), who were your regular bank customer service people and they failed. So I guess it just depends on your personal development and understanding. It takes some time to get use to calculating Newstart Allowance, Pensions and redundancies if you're not doing these regularly.

As for costs, I only say it was cheap cause the company paid for everything and received a discount due to association, but if you failed, you would have to pay for the re-sit. I think it's still about $600 a pop for each DFP.

The Financial Services companies that I know use it are quite large, including some of the Big 4 banks, and the larger fund managers.

But in the end, it doesn't really matter where you get it from. In the end, it's still a DFP or Adv DFP which the employers will see.

It's changed since I did it 4 or 5 years ago (with Tribeca).

But the exams were easy. 8 sections with 10 questions in each section approx. You needed to get 80% in each section. The exam was open book and if you failed a section you could go back later ad redo that one individual section.

And we wonder why the investing punters who don't do their own research feel let down by the Financial Planning industry.!!

Is it any more difficult than becoming a PR guru or a real estate or car salesman?

Open book and 80% pass rate!!

gg

gg
 
And we wonder why the investing punters who don't do their own research feel let down by the Financial Planning industry.!!

Is it any more difficult than becoming a PR guru or a real estate or car salesman?

Open book and 80% pass rate!!

gg

gg


Course content for DFS is not that easy but exam format is somewhat of a joke. There is very little deduction or inference learning but rather questions asked straight from text. CFP qualification is much harder and requies at least a degree of some sort. The industry will long term need to change the minimum standard to be a relevant degree for it to be seen as a profession.

By the way where I work all the planners have undergraduate qualifications ranging from science backgrounds to engineering backgrounds. So financial planning does appeal to intelligent people however not all financial planners are intelligent or have integrity for that matter. The industry is changing though and removal of trailing commissions on FUM will happen sooner than you think....
 
Is it any more difficult than becoming a PR guru or a real estate or car salesman?

Slightly more difficult.

The above that you mentioned dont require any legal qualifications at all (that im aware of), whereas to be an FP you have to have at least done a diploma (even if it is easy)
 
I think a Real Estate agent has to pass an exam. Kaplan offers the exam as well, so I'm sure if can't be too difficult.

I agree with The Rage. The actual content is quite useful and in-depth, however, when it comes to testing the knowledge, as long as you can read you'll pretty much pass. That's with Kaplan anyways...however, when Deakin Uni use to offer it, it was closed book with multi's and short-answers, and was a lot harder than the ones they have now. Maybe that's why the older generation of FPs are slightly more in tune than the ones that are churned out these days (from my perspective only after working with them for 5 years).
 
Hello,

I used to be a Financial Advisor in Italy but here I can`t do the same because I don`t have this qualification.

Since I just lost my job I`m struggling with money and would love to do this course.

So does anybody know if there anyway to get it for free or with a concession rate by distance with any provider?

Thank you
 
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