Financial Services Training, PS146 compliance, PS 146 compliance, RG146, RG 146, DFP1, DFP2, DFP3 DFP4 Diploma of Financial Services Financial Planning, PS146 Training, PS146 Training, ASIC Training Register, Certificate IV in Financial Services. http://www.tmaus.net.au/news/index.php Wed,10 Mar 2010 13:00:11 -1000 Wed,10 Mar 2010 09:00:00 -1000 FeedForAll v2.0 (2.0.1.0) http://www.feedforall.com http://www.tmaus.net.au/images/logo.gif http://www.tmaus.net.au Financial Services Training, PS146 compliance, PS 146 compliance, RG146, RG 146, DFP1, DFP2, DFP3 DFP4 Diploma of Financial Services Financial Planning, PS146 Training, PS146 Training, ASIC Training Register, Certificate IV in Financial Services. 88 45 "Securing Jobs for the Future" is a Victorian State Government initiative. The funding is provided by both the Commonwealth and Victorian Governments.TMA have received Victorian Government Funding for 2010 to deliver both FNS50504 Diploma of Financial Services (Finance/Mortgage Broking Management) and FNS50804 Diploma of Financial Services (Financial Planning). TMA is currently the only Training provider in Australia that can offer this great opportunity.TMA have been the leaders of quality face-to-face education now for almost 5 years, and all training will still be conducted face-to-face. The training program for enrolling into both Diplomas is one of the most comprehensive courses available for Financial Services, consisting of up to 14 Full days of face-to-face training conducted over 6 months. This is an excellent opportunity to receive quality training at a greatly reduced price.Students can complete 1 Diploma or enrol into both at the same time. The cost per Diploma is an enrolment fee of $495 per person. The TMA Diploma of Financial Services Financial Planning) is usually $4,800 per person, so this is a wonderful opportunity.By enrolling into the Diploma of Financial Services (Finance/Mortgage Broking Management) students will also be trained in the units for Certificate IV in Financial Services (Finance/Mortgage Broking), satisfying the minimum entry requirements for being licenced with ASIC.If you currently do not have a Diploma or Degree qualification, you will most likely be eligible, so to check your eligibility call the TMA Team on 1300 862 146 http://www.tmaus.net.au/news/495-mortgage-broker-training.php 163 12:17:53 -1000 "Securing Jobs for the Future" is a Victorian State Government initiative. The funding is provided by both the Commonwealth and Victorian Governments.TMA have received Victorian Government Funding for 2010 to deliver both FNS50504 Diploma of Financial Services (Finance/Mortgage Broking Management) and FNS50804 Diploma of Financial Services (Financial Planning). TMA is currently the only Training provider in Australia that can offer this great opportunity.TMA have been the leaders of quality face-to-face education now for almost 5 years, and all training will still be conducted face-to-face. The training program for enrolling into both Diplomas is one of the most comprehensive courses available for Financial Services, consisting of up to 14 Full days of face-to-face training conducted over 6 months. This is an excellent opportunity to receive quality training at a greatly reduced price.Students can complete 1 Diploma or enrol into both at the same time. The cost per Diploma is an enrolment fee of $495 per person. The TMA Diploma of Financial Services Financial Planning) is usually $4,800 per person, so this is a wonderful opportunity.By enrolling into the Diploma of Financial Services (Finance/Mortgage Broking Management) students will also be trained in the units for Certificate IV in Financial Services (Finance/Mortgage Broking), satisfying the minimum entry requirements for being licenced with ASIC.If you currently do not have a Diploma or Degree qualification, you will most likely be eligible, so to check your eligibility call the TMA Team on 1300 862 146 http://www.tmaus.net.au/news/financial-planning-diploma-rg146-training-for-495.php 162 Tue,26 Jan 2010 12:17:53 -1000 TMA conduct a 3 day upgrade to FNS50805 Diploma of Financial Services (Finance/Mortgage Broking Management) nationally. Training will be delivered in all major capitals regularly.Please click here to download Course Schedule:The course has been available for some time, but delivered via correspondence ONLY.The course is a 3 day upgrade for those that have already attained FNS40804 Certificate IV in Financial Services (Finance/Mortgage Broking).There are 6 Units of Competency to be undertaken:5 Mandatory UnitsFNSRISK501B Undertake risk identificationFNSRISK502B Assess risksFNSFBRK502B Identify and develop complex broking options for clientFNSFBRK503B Present broking options to client with complex needsFNSFBRK504B Implement complex loan structuresAnd 1 Elective UnitFNSICCUS501B Develop and nurture relationships with clients, other professionals and third party referrersUpon successful completion Mortgage Brokers will be competent:identifying and assessing RISKs, which would include diversifying their income streams to other financial products IE. Commercial loans or Insuranceidentifying complex broking options, presenting them to their clients and implementing themdeveloping and nurturing relationships with clients, other professionals and 3rd party referralsThe cost for the 3 days is ONLY $950 per person. If you Aggregate with our relationship Partners, you receive an additional $100 discount, reducing the cost to $850 per person. Other providers charge up to $1,000 per person for distance/correspondence and place a time limit on completion, so this is a great offer.Our relationship Partners, below, are also aware of the offer, so places will fill extremely quickly:AFGAMPFASTConnectiveMembers FirstBuyers ChoiceChoice AggregationReasons that you may wish to undertake this course:This may become the minimum education requirement, as mentioned by MFAAIt makes you higher qualified than most BrokersThere are 12 CPD points recognized by the MFAAYou can add letters after your name Dip FS (F/MBM)However, the reason you should do this course - is to Improve and Increase Business - SIMPLE.This course is nationally recognized, and is also recognized by the Mortgage and Finance Association of Australia (MFAA) and the Finance Brokers Association of Australia (FBAA)."To enrol: Please click here to download Student Information Guide: http://www.tmaus.net.au/news/upgrade-to-fns50504-mortgage-diploma-in-3-days.php 156 Wed,29 Jul 2009 12:17:53 -1000 Below are comments from some very happy Students of TMA.9/5/08 Melbourne Diploma of Financial Services (Financial Planning)Keith is FANTASTIC!Adrian PoliIt wasn't just about the course, the opportunity to discuss various aspects of the indstry in breaks was invaluable.Genene Wilson16/5/08 Sydney Diploma of Financial Services (Financial Planning)Good CourseGreg WalshI really appreciated the time Scott took to give and receive real life examples and emphasising to "Do it right the first time". There is obviously genuine caring.John Dunk 12/6/08 Melbourne Certificate IV in Financial Services (Finance/Mortgage Broking)One of the more enjoyable and informative courses that I have been on. I am very pleased with the outcome.Michael Holmes - Buyers Choice 19/6/08 Sydney Certificate IV in Fiancial Services (Finance/Mortgage Broking Well Structured!Good Value!Well presented by NancyLal JayawardeneWhen I first walked in I had no prior knowledge, I left feeling more confident and satisfied. Nancy was great!!!Rebecca GreenThe facilitator was very professional and delivered the course in a professional and timely manner. As a novice to the industry, I gained very good knowledge and skills that I wouldn't have gained doing a correspondence course.Kamlesh Batra 19/6/08 Sydney13/7/08 Sydney Diploma of Financial Services (Financial Planning) Keith is a GREAT TEACHER!He is very well skilled and very easy to understand.Lam Chi Ngan15/7/08 Melbourne Certificate IV in Financial Services (Finance/Mortgage Broking)Nancy was very professional, highly skilled, supportive and understanding.I valued your teaching - she is certainly an asset to TMANella ChikweExcellent course!Daniel ZadnikWell presented!Travis DillowOverall - Very GoodRachel Griffiths http://www.tmaus.net.au/news/recent-tma-student-feedback.php 136 Thu,3 Jul 2008 12:17:53 -1000 April marks the beginning of a new era for Mortgage Broking education for TMA; FNS50504 Diploma of Financial Services (Finance/Mortgage Broking Management).The course has been available for some time, but delivered via correspondence ONLY.In April, TMA will be the first training provider to deliver this qualification regularly face-to-face.The course is a 3 day upgrade for those that have attained FNS40804 Certificate IV in Financial Services (Finance/Mortgage Broking), and have over 2 years recent Mortgage Broking experience.Subject areas are:Risk ManagementCommercial LendingBuilding 3rd party referrals/networksUpon successful completion Mortgage Brokers will be competent:identifying and assessing RISKs, which would include diversifying their income streams to other financial products IE. Commercial loans or Insuranceidentifying complex broking options, presenting them to their clients and implementing themdeveloping and nurturing relationships with clients, other professionals and 3rd party referralsThe cost for the 3 days is $1,750 per person. Other providers charge up to $1,000 per person for distance/correspondence and place a time limit on completion. Perspective on price, we charge $4,800 for FNS50804 Diploma of Financial Services (Financial Planning), so it is an amazing opportunity to gain a Diploma. As an introductory special, TMA will provide a 20% discount for those that enroll in the first 3 months of April, May and June. This reduces the cost to $1,400 per person. Training is conducted in Melbourne, Sydney and Gold Coast, places are limited.There are CPD points available and, also, upon successful completion you can update your business cards with the following abbreviation, Dip FS (FMBM).Mr/Ms Mortgage Broker Extraordinaire Dip FS (FMBM)For those of you that have 2 years experience, but are yet to get your Certificate IV in Financial Services (Finance/Mortgage Broking), TMA provide a 1 day assessment that can be completed prior to the Diploma.For more information, course dates etc. please contact us at TMA.I hope you find this information useful going forward.Kind RegardsScott DonnellyManaging DirectorTraineeship Management Australia Pty Ltd http://www.tmaus.net.au/news/tma-launch-first-face-to-face-mortgage-diploma.php 148 Fri,24 Apr 2009 12:17:53 -1000 For those of you that don’t know me, my name is Scott Donnelly. I am Director of Traineeship Management Australia Pty Ltd (TMA), nationally recognized Training Provider to the Financial Services Industry. TMA don’t need to be members of Financial Services industry bodies to practice as we are answerable to State and Commonwealth education departments. However, the events of the last 12 or so months, beginning with banks slashing commissions, has convinced me that the stronger Financial Services Industry Bodies are, the better the industry will be, in the long term. The Financial Services Industry Body I have chosen to become a member of is the Mortgage and Finance Association of Australia (MFAA). Personally, I believe the role they have played in representing Brokers in that 12 month or so period, has been exemplary. Plenty was said when commissions were slashed, that the MFAA was a toothless tiger, answerable only to the banks. But, in reality, what could they have done about it? They chose to lose that battle, but win the war. On Monday 27th April, the Honorable Senator Nick Sherry released the National Consumer Credit Protection Act (NCCPA). I can hear the groans already, “Just what we need – more regulation!” But in order create a level playing field, where Brokers and Banks have to comply with the same set of rules, tougher regulation was required. Please follow link to summary released by Gadens lawyers: www.gadens.com.au/documents/20090428163442706.pdf Moving forward, Brokers will be required to be licensed with the Australian Securities and Investment Commission (ASIC), and so will bank employees that give Mortgage Advice. Previously, there was ONE set of rules for Mortgage Brokers and no rules at all for the Banks. This is all about to change, and the Banks are none too happy about it. http://www.bankers.asn.au/Australian-Bankers-Association-comments-on-draft-National-Consumer-Credit-Protection-Bill-2009/default.aspx This didn’t just happen. It has taken months of consultation between Government, Banks and our Industry Body. If I were a Broker, I would be rejoicing. This legislation will also drive part-time Brokers out of the industry and make those Brokers with questionable practices reassess their futures. The fines imposed as part of the new “unsuitability” criteria will see to that. I have chosen to write about this now, because of the number of Brokers we have come into contact, in the course of qualifying them with our 1 day assessment for Certificate IV in Financial Services (Finance/Mortgage Broking). We always discuss the state of the industry and the impact the new regulation will have. There is always negatives over-tones about the MFAA, and I am compelled to jump to their defense and point out how important the MFAA have been to the Mortgage Industry. After ½ an hour or so, the Brokers in the room have a completely different take on their future. Just Wednesday 20th May, one of the Brokers put up their hand and said that he has been a member of the MFAA for the last 5 years and now fully understands what his membership pays for. If our classroom is a snapshot of the industry, then there must be plenty of Brokers out there that do not fully understand the positive impact the legislation will have on their business. There are of course those questions on why Brokers need to continue their membership once they become licensed with ASIC. The events of the last 12 months should well and truly justify any concerns Brokers have in this area, and reinforce the importance of a strong, professional industry body like the MFAA. I have been so impressed with the MFAA in the last 12 months, I have now chosen to become a member. http://www.tmaus.net.au/news/why-i-m-now-becoming-a-member-of-the-mfaa.php 150 Fri,11 Sep 2009 12:17:53 -1000 The landscape for Mortgage Brokers commission payments appears to have changed forever. The banks are using the “Global Credit Crunch” as an opportunity to cut commission payments for Mortgage Brokers. Westpac were first on the 15th April 2008. “Westpac has cut its upfront commission by 20 basis points to 0.50 per cent and the annual trailing commission, which is paid over the life of the loan, by 10 basis points to 0.15 per cent. The current commissions = 0.70 per cent upfront and 0.25 per cent trailing – are worth around $1,800 and $750 respectively on an average $300,000 loan. After the cuts, to be rolled out progressively over the next three months, the commissions will drop to $1,200 upfront and $450 for the yearly trailing commission on a $300,000 loan. A Westpac Spokeswoman said the decision was driven by bank’s own higher wholesale funding costs, given there was no certainty when the funding pressure would ease.” For the full article go to: http://money.ninemsn.com.au/article.aspx?id=446890 Ironically, Westpac have today announced a 10 per cent Half-Year profit. http://www.theaustralian.news.com.au/story/0,25197,23626913-20501,00.html There appears to be little impact of the “Global Credit Crunch” on Westpac, yet Mortgage Brokers have been made to pay. Yesterday, the St George Bank also announced cuts to its commissions for Mortgage Brokers. http://business.theage.com.au/st-george-cuts-broker-commissions/20080430-29kp.html So what is the next step for Mortgage Brokers. Maurie Unwin – General Manager of the Finance Brokers Association of Australia (FBAA) believes “Irrespective of who you are in the marketplace you must value-add to your business and not just stick to Finance Broking. This is achieved by increasing your service offerings to your clients ie. Insurance etc.” National Australia Bank (NAB) fully agree with this philosophy as well. “NAB have embarked on a charm offensive to win support for a model that would see Brokers become wider Financial Advisors. The underlying message is the bank does not intend to cut “headline commission rates, but will reward brokers who can cross-sell other NAB products such as Insurance.” See The Australian. http://www.theaustralian.news.com.au/story/0,25197,23606964-643,00.html NAB certainly has the right idea, but limiting the advice to only NAB products goes against the ethos of Broking. Brokers must have access to a panel of Insurance Companies and choose the right product based upon the needs of the client. Insurance is very different to mortgages, prices vary greatly on occupation, age and whether the client is a smoker. Some insurance companies target the medical industry, others white-collar, some blue-collar and price accordingly. See example: Mr. and Mrs Smith are both 35, non-smokers, working in IT. They both earn $70k and have a mortgage of $325,000. They have requested the following for both: Life and Total and Permanent Disability (TPD) to cover their debt amount. Trauma (Critical Illness) of $200k Income Protection Monthly Benefit $4,375 with a 30 day waiting period. Quotes were conducted on ProPlanner research software on 6 different Insurance companies of similar quality. The price per month varied from $231 - $291. Upfront commission payable from the Insurance companies vary from $2,898 - $3,650 plus trail. Affordability for the clients is less than 2 per cent of their wage The financial benefits to Brokers are obvious, but there are many more benefits associated with value-adding to your clients. Non-advice insurance products are widely accessible in the marketplace, but do not provide the same high quality cover and can also be up to 40 per cent more expensive. In the coming months TMA will be conducting ONE day workshops for Mortgage Brokers on “Transitioning to Advice”. These workshops will be conducted in all major capital cities with Guest Speakers from Insurance Companies, Financial Planning firms and Industry Experts. Stay tuned for details. Scott Donnelly Managing Director Traineeship Management Australia Scott has been involved with Training for 20 years and is also Managing Director of Tier One Advice (a Financial Planning firm that specializes in Insurance). Tier One Advice is a Corporate Authorised Representative of Millennium3 Financial Services. http://www.tmaus.net.au/news/mortgage-brokers-earnings-at-risk.php 132 Fri,2 May 2008 12:17:53 -1000 You may be eligible for Government subsidised RG146 training reducing the cost to $495 per person. Click on link to read more:http://www.tmaus.net.au/news/financial-planning-diploma-rg146-training-for-495.phpDiploma of Financial Services (Financial Planning) provides PS146/RG146 compliance in 8 days. This course is listed on the ASIC training register. Subjects covered include Financial Planning, Life Insurance, Superannuation, Managed Investments and Securities. TMA are able to achieve competence in such a short time frame, because we limit our class sizes to a maximum of 10 Students. Other providers may have up to 20 Students. We have recently been chosen as preferred Training Provider for AMP Financial Planning, due to the high level learning outcomes of our graduates. "If you want to learn plenty, don't be 1 of 20 - @ TMA Training is Personal http://www.tmaus.net.au/news/ps146-rg146-training-in-8-quality-days.php 126 Sun,16 Mar 2008 12:17:53 -1000 To learn more about Nancy - TMA's Sydney Trainer for Mortgage Broking, See attached Link" http://www.ausbroker.com/detail_article.cfm?ArticleID=1298 http://www.tmaus.net.au/news/meet-sydney-mortgage-trainer-nancy-youssef.php 123 Sun,16 Mar 2008 12:17:53 -1000 At TMA, we believe that training is personal. We only conduct fully-facilitated training, because it provides the greatest learning outcome. We limit our class sizes to provide more opportunity for one-on-one contact and to focus upon your specific requirements and needs. You won't get lost in the classroom trying to compete with 15 or 20 other people for attention.The course was created by award winning Brokers for Brokers. Each unit is delivered by experienced, professional facilitators who have had extensive industry experience. They intersperse real life examples to stimulate interest and are skilled at making the class-room experience interactive.Our courses are delivered all over Australia.For instant rewards from your training contact us on (03) 9419 3400. http://www.tmaus.net.au/news/certificate-iv-in-financial-services-finance-mortgage-broking.php 119 Mon,3 Mar 2008 12:17:53 -1000