Recent media coverage shone light on the level of training inadequacy for the financial advice industry in Australia and highlighted the low level of trust Australian consumers have in the industry as a whole. The Financial Planning Association of Australia (FPA) has a degree-based standard in place and a clear definition of what it considers to be the appropriate criteria defining an Independent Financial Adviser. However, anyone can become a licensed financial adviser following completion of four subjects of a diploma standard – not even a full diploma.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email [email protected] or visit www.hewison.com.auPlease note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.