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- W1920537029 abstract "Compulsory superannuation was introduced in Australia in July 1992, and has led to significant growth in funds under management. Reserve Bank of Australia data (2004) shows that in September 2004 Australians has AUD$ 767 billion invested in managed funds. A large portion of this investment is based on the recommendation of financial planners. This paper provides a brief history of the development of the financial services industry in Australia, with particular reference to the development of the role of the financial planner in investment decisions. The paper focuses in detail on the set of professional skills required by financial planners given that the widely reported ASIC survey (2003), identified gaps between client expectation and competencies of financial planners. Birkett (1996) described professional skills as the dominant individual attribute that describes a competent professional. The individual attributes of a financial planner includes two categories: cognitive and behavioural skills. The paper provides strong support for the view that financial planning educators should ensure adequate development of behavioural skills to enable financial planners to meet the needs of the investors they serve." @default.
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- W1920537029 date "2005-01-01" @default.
- W1920537029 modified "2023-09-26" @default.
- W1920537029 title "Identifying competency requirements for the financial planning industry in Australia: implications for educators" @default.
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