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Staff Reporter
Ballast has voiced its support for the MFAA’s higher educational standards.
Yesterday, the MFAA named six companies that its broker members can use to obtain their Certificate IV and Diploma in Financial Services.
While not included in the MFAA’s list of preferred educators, Ballast general manager Frank Paratore said it was pleasing to see the industry body take a hard stance on education.
“The announcement by the MFAA is another step in the right direction for an industry that is encountering massive change in terms of compliance regulation,” he said.
Earlier this month, Ballast opened its own compliance training centre – The Ballast Compliance & Learning Centre.
“With the development and opening of the Learning Centre, our aim was to be at the forefront of training innovation and this is still clearly the case based on the importance now placed upon training by the MFAA,” Mr Paratore said.
“We decided very early on that developing our own training regime, tailored towards our own brokers and with our own clients’ needs in mind, was the best possible way forward – the rest of the industry now has some catching up to do.”
The Ballast CALC, which is expected to train over 200 brokers per year, is an exclusive joint initiative with MyFENG.
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