Lighthouse is to offer its advisers a four-day crash course to become certified financial planners.The firm, which has over 500 advisers, plans to provide the service from September across its four brands as a way of increasing professionalism among its members.
Lighthouse Wealth & Group Training director Jerry Price says the development of its bespoke technology offering from Quay software means advisers have more time on their hands to take part in such initiatives.
Price says the course will probably take place over four months, with one intensive day of study each month leading to CFP status. He says Lighthouse will also be launching a six-day workshop entitled, Creating the Modern Financial Planning Practice.
Price says it plans to subsidise both courses but has yet to decide how much advisers will pay and candidates must be AFPC qualified or equivalent.
He believes take-up will be particularly high among its high-net-worth Lighthouse Wealth advisers and those working under the Carrwood Barker brand. He expects about 30 per cent from national IFA arm Lighthouse Temple and 20 per cent from its Lighthouse Express network members.
Price says: “Technology improvements mean our advisers have more time on their hands and we intend to roll out this crash course to improve professionalism and improve the future outlook for the firm.”