Financial Adviser Academy Aims to Break Old Habits
For financial advisers, the traditional methods used to help members when it comes to their long-term planning needs may be going the way of the dodo bird.
That change was part of the motivation behind the launch of the Honors Academy from CUNA Brokerage Services. The year-long program has face-to-face sessions, numerous webinars, self-paced online courses, homework assignments, accountability check-ins and a capstone-thesis project at the end of the training.
The first class of advisers attended the academy for free with CBSI paying for the expenses, Niemann said. Starting in June, advisers who work for a credit union’s dual program and are not CBSI employees will contribute to the cost.
While there are no hard and fast requirements, Niemann said the advisers are selected to participate in the program based on empirical criteria such as being with a company for two to five years and have a GDC between $200,000 and $400,000. Subjective criteria includes passion, intelligence, a willingness to adapt and change and commitment to the business and their credit union.