Diploma of Financial Services (RG146/PS146)

[kincella]

well if you actually receive unemployment benefits...you can sign up for a course and the govt will give you 950 back...I think that how it works....
but god help you if you are on UB...like about 220pw

 

[Garpal Gumnut]

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

well if you actually receive unemployment benefits...you can sign up for a course and the govt will give you 950 back...I think that how it works....
but god help you if you are on UB...like about 220pw

A good way to do it mate is to get sentenced to a reasonable gaol term. I'd suggest a seven or eight year stretch as then you'll be in for 3 or 4with good behaviour, enough times to get through all the subjects. They are not difficult.

The Corrective Services will fund the course and amongst your fellow prisoners you will have many Financial Planners as mentors and many other inmates of considerable cash means on whom you can practise your skills.

gg

 

[Julia]

A good way to do it mate is to get sentenced to a reasonable gaol term. I'd suggest a seven or eight year stretch as then you'll be in for 3 or 4with good behaviour, enough times to get through all the subjects. They are not difficult.

The Corrective Services will fund the course and amongst your fellow prisoners you will have many Financial Planners as mentors and many other inmates of considerable cash means on whom you can practise your skills.

gg

I'm trying not to laugh too hard (it's really funny, g.g.) because your suggestion is too close to the truth for comfort.
However, many thanks for the amusement

 

[Garpal Gumnut]

I'm trying not to laugh too hard (it's really funny, g.g.) because your suggestion is too close to the truth for comfort.
However, many thanks for the amusement

Thanks Julia,

Lets hope that is the end of these Mini-Mannies, attempting to sip out of the cup of hardworking people.

My opinion tends towards abolishing the financial planning industry.

Its ineffective, predatory, dim and witless.

gg

 

[beamstas]

Im doing a business degree -- majoring in accounting.

This Diploma of Financial services, i am thinking of doing it..

Can anyone give me a basic rundown of the pros and cons?

 

[Garpal Gumnut]

Im doing a business degree -- majoring in accounting.

This Diploma of Financial services, i am thinking of doing it..

Can anyone give me a basic rundown of the pros and cons?

Jesus wept

gg

 

[Julia]

Im doing a business degree -- majoring in accounting.

This Diploma of Financial services, i am thinking of doing it..

Why?

 

[beamstas]

Why?

Another piece of paper to sit next to my piece of paper that im currently obtaining

Seriously -- down the track don't you think it would pay off to have it? Im only asking , i don't know much about it

Brad

 

[Julia]

Another piece of paper to sit next to my piece of paper that im currently obtaining

Seriously -- down the track don't you think it would pay off to have it? Im only asking , i don't know much about it

Brad

I don't know much about it either, Brad, but given that from comments on this forum it's not too hard to achieve, then sure, you might as well have it.

I guess my question was more of an enquiry as to whether you planned to become a Financial Adviser/Planner, a career path that is more than a bit tarnished at present.

And you'd have to contend with Garpal's avowed intention to eliminate FP's from the face of the earth, a mission I suspect will in the present climate achieve substantial support.

 

[Garpal Gumnut]

Another piece of paper to sit next to my piece of paper that im currently obtaining

Seriously -- down the track don't you think it would pay off to have it? Im only asking , i don't know much about it

Brad

Next time you decide to relieve your constipation, go to the loo mate, peel off a piece of loo paper and write on it, " I am a financial planner".

Finish your business with whatever paper is left, but not that on which you have written.

Take the precious paper to a Framing shop.

Ask them to mount it.

Ensure that you have the correct piece of paper to give to them, though in reality it should not make much difference.

Wait for 2 weeks and collect.

Mount on a wall in an office with a fountain and a fishtank and a pretty female receptionist with prominent incisors who says hi frequently .

Then my son you will be a Financial Planner.

gg

 

[Timmy]

Next time you decide to relieve your constipation, go to the loo mate, peel off a piece of loo paper and write on it, " I am a financial planner".

Finish your business with whatever paper is left, but not that on which you have written.

Take the precious paper to a Framing shop.

Ask them to mount it.

Ensure that you have the correct piece of paper to give to them, though in reality it should not make much difference.

Wait for 2 weeks and collect.

Mount on a wall in an office with a fountain and a fishtank and a pretty female receptionist with prominent incisors who says hi frequently .

Then my son you will be a Financial Planner.

gg

I think a lobotomy, or some such brain removal/reduction procedure is a prerequisite, gg

 

[Gerkin]

Next time you decide to relieve your constipation, go to the loo mate, peel off a piece of loo paper and write on it, " I am a financial planner".

Finish your business with whatever paper is left, but not that on which you have written.

Take the precious paper to a Framing shop.

Ask them to mount it.

Ensure that you have the correct piece of paper to give to them, though in reality it should not make much difference.

Wait for 2 weeks and collect.

Mount on a wall in an office with a fountain and a fishtank and a pretty female receptionist with prominent incisors who says hi frequently .

Then my son you will be a Financial Planner.

gg

Just go out and do it, dont listen to some of the rubbish in here. Go do it, at least it will show you are keen.

You will be able to fly through the subjects easily. In fact your business degree will teach you more however the diploma of FS will give you that bit of paper that employers want.

 

[mattlaw]

Im doing a business degree -- majoring in accounting.

This Diploma of Financial services, i am thinking of doing it..

Can anyone give me a basic rundown of the pros and cons?

Hi Beamstas,

First off i am a financial planner and have the diploma of financial services. If you are planning on having a career as a financial planner then you have to do it as you cant give financial advice without it (even if you are a qualified accountant).

Financial planning isnt all about investments there are other areas such as estate planning, insurance etc that you could get involved in.

Obviously there is a bit of negativity at the moment with people saying that financial planners are not really worth a pinch of ##it, but my experience with the majority of people is that they really need help with saving for their retirements and different strategies such a Transition to Retirement Income Streams.

Most of my clients struggle to spell their names let alone follow the ASF to get all of this great advice of when they should have seen the writing on the wall and moved all of the super to cash.

Anyway your decision, but i do help alot of people being a financial planner despite what some people may think.

Cheers

 

[prawn_86]

Just completed my third unit. 1 more to go.

I will wait until after July though as next semester at uni will be quieter for me

 

[Garpal Gumnut]

Next time you decide to relieve your constipation, go to the loo mate, peel off a piece of loo paper and write on it, " I am a financial planner".

Finish your business with whatever paper is left, but not that on which you have written.

Take the precious paper to a Framing shop.

Ask them to mount it.

Ensure that you have the correct piece of paper to give to them, though in reality it should not make much difference.

Wait for 2 weeks and collect.

Mount on a wall in an office with a fountain and a fishtank and a pretty female receptionist with prominent incisors who says hi frequently .

Then my son you will be a Financial Planner.

gg

I think a lobotomy, or some such brain removal/reduction procedure is a prerequisite, gg

Just go out and do it, dont listen to some of the rubbish in here. Go do it, at least it will show you are keen.

You will be able to fly through the subjects easily. In fact your business degree will teach you more however the diploma of FS will give you that bit of paper that employers want.

Hi Beamstas,

First off i am a financial planner and have the diploma of financial services. If you are planning on having a career as a financial planner then you have to do it as you cant give financial advice without it (even if you are a qualified accountant).

Financial planning isnt all about investments there are other areas such as estate planning, insurance etc that you could get involved in.

Obviously there is a bit of negativity at the moment with people saying that financial planners are not really worth a pinch of ##it, but my experience with the majority of people is that they really need help with saving for their retirements and different strategies such a Transition to Retirement Income Streams.

Most of my clients struggle to spell their names let alone follow the ASF to get all of this great advice of when they should have seen the writing on the wall and moved all of the super to cash.

Anyway your decision, but i do help alot of people being a financial planner despite what some people may think.

Cheers

Just completed my third unit. 1 more to go.

I will wait until after July though as next semester at uni will be quieter for me

I don't want to rain on your parade , but my contacts in both the Labor and Coalition ranks in Canberra tell me that an inquiry is being organised and number one item on the agenda is the abolition of Financial Advisers as we know them.

Keep your diplomas etc but wait out for the inquiry before spending more money.

gg

 

[prawn_86]

I don't want to rain on your parade , but my contacts in both the Labor and Coalition ranks in Canberra tell me that an inquiry is being organised and number one item on the agenda is the abolition of Financial Advisers as we know them.

Keep your diplomas etc but wait out for the inquiry before spending more money.

gg

Well like any other gov enquiry it will be years before any 'recommendations' are made, and then it will be 'phased in' over a period of time.

I think i'll finish my 1 unit and get my diploma so its another string in my bow

 

[sjx]

Some financial planners may as well be cardboard cut-outs.

But then again, some are really, very good. If your passionate, and you think you have the ability to become a Financial Planner, then by all means go for it.

I'd never want to do it.. having all my clients hate me when they lose their money cause of a decision that I originally thought was a good one, isn't something I'd personally like to live with. It's a two way street, your clients are going to love you or hate you.

I don't mind them, I sometimes consult a Financial Planner (friend of mine). He told me to invest in the bond market this time last year; so I did, and I'm pretty happy with that advice!

I think there is one question. How would you feel about being a Financial Planner in the last year or so? I would have trouble sleeping.

regards,
sam

 

[Julia]

r
I think there is one question. How would you feel about being a Financial Planner in the last year or so? I would have trouble sleeping.

regards,
sam

That would depend on what advice you offered, wouldn't it???
If you'd advised your clients to switch to cash at the end of 2007 I would think you'd be sleeping pretty well and your clients would be happy.

However, you probably wouldn't have done that because to do so would have cut off all your trailing commissions.

So what would you have done SJX ?

 

[sjx]

That would depend on what advice you offered, wouldn't it???
If you'd advised your clients to switch to cash at the end of 2007 I would think you'd be sleeping pretty well and your clients would be happy.

However, you probably wouldn't have done that because to do so would have cut off all your trailing commissions.

So what would you have done SJX ?

I am unsure what I would have said.. I think it would be silly to backdate what my recommendations would be, but I doubt that I would of said cash.

I think it is blatant lies if people are thinking that they'd advise cash as an investment in 2007. You may "like" to believe that you would have however, can't you. Crystal ball anyone?

I also think you are being ignorant in regard to my remarks. I know of many reputable financial advisers that were feeling uneasy; understandably - cause of the economic climate.

Sounds like your taking a bit of a swipe at me.. I was only offering my thoughts.

so why don't you go and start an investment bank? i mean, you'll do a better job than all the ones that have collapsed cause you claim cash was the answer- right?

 

[Julia]

I am unsure what I would have said.. I think it would be silly to backdate what my recommendations would be, but I doubt that I would of said cash.

I think it is blatant lies if people are thinking that they'd advise cash as an investment in 2007. You may "like" to believe that you would have however, can't you. Crystal ball anyone?

Nonsense. You didn't need a crystal ball. The market peaked in November 2007 and by the end of December the bad news just kept on coming.
I did sell my shares then and moved to cash so your suggestion that I'm only talking in hindsight is completely wrong.
Plenty of other people did the same. I surely didn't have any monopoly on making such a decision.
I will ignore your suggestion about 'blatant lies'. Just demonstrates your ignorance.

I also think you are being ignorant in regard to my remarks. I know of many reputable financial advisers that were feeling uneasy; understandably - cause of the economic climate.

I am being ignorant? Really?
I'd say that, well might many financial advisors be feeling uneasy. What business do they have in calling themselves financial advisers if they can't read the economic climate appropriately and advise their clients accordingly???

To advise, e.g. clients who are close to retirement, or already retired not to have preservation of capital as their first requirement is imo incompetence at best.

Sounds like your taking a bit of a swipe at me.. I was only offering my thoughts.

This is a forum. A forum is a venue for the exchange of ideas.
You postulated an argument. I disagreed with it.

I think you are overlooking the fact that it is decidedly in the interests of those financial advisers who have placed clients into managed funds( which are paying those financial advisers very healthy trailing commissions for every year those clients remain in those funds) to encourage those clients to remain in those investments. In so doing, in many instances they will have significantly disadvantaged those clients.

Maybe read the Storm thread for the some examples of this.

so why don't you go and start an investment bank? i mean, you'll do a better job than all the ones that have collapsed cause you claim cash was the answer- right?

That's just a perfectly silly and irrelevant remark.