reflections
November 27th, 2008 Being a Financial Planner in Australia

It’s no doubt that being a financial planner is the way to earn big bucks in Australia. Financial Planners in big organizations can fetch close to 100K. If you start off your own company and have a few good clients, the commission you can gain in these instances can actually keep you going pretty well.

So the question is how do you start? Well, before you start finding questions and trying to give advice to buy a financial structured product, you will need to get the what is known as ps146. Ps146 stands for Policy Statement 146 and is currently known as rg146. Rg146 stands for Regulatory Guide and is governed by the ASIC Australian Securities and Investment Commission. Now this gets you compliant with the regulation and depending on what you are trying to do, for example giving advice in General or Personal areas, the type of course differs.
The next step is to find an RTO, Registered Training Organization who can provide the training. There are several out there and what you can do is google them up. You will find that there are many out there and some are pretty pricey and some are dirt cheap. The best advice here is not to go for the very cheap and also not to go for the very expensive. Always choose the in-between. The smaller organizations tend to give better service and you can get direct contact with the key people there. These guys know the industry that you are getting into and making acquaintances with them is not going to hurt but will actually help you when you are trying to get a job after the course.

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