Advice scholarships for support staff launched

In a statement today Tony Beaven, head of EFP, said the scholarships for support staff are important for targeting the "advisers of tomorrow".

“We wanted to develop a potential pathway for the advisers of tomorrow and have therefore extended our current education scholarship program to include support staff who may have aspirations to become financial advisers in the future," Mr Beaven said.

Elders is one of the first Australian dealer groups to launch scholarships for support staff in the advice space, the statement said.

The dealer group has also announced another round of education scholarships for its existing adviser network.

"Our philosophy is about investing in the advisers and support staff’s future, which means giving back by helping them develop and improve their skills,” Mr Beaven said.

ifa recently reported on concerns that there is not enough focus from the industry on encouraging support staff to transition to advice roles.