The CFMIA does not expect all Finance industry Brokers and Consultants will attain "Certification" status.

In fact, we believe only the most dedicated industry advisers will decide to undertake the program and update their knowledge and skill sets in order to lead the industry.

What matters to our organisation is the support we give to those that are committed to excellence in the provision of finance advice and service.

We are focused on our members and their needs.

This is our focus.

From a qualification perspective, Industry Brokers and Consultants need to have completed Certificate IV in Finance and Mortgage Broking and the ASQA approved Diploma of Finance and Mortgage Broking Management or Diploma of similar nature approved by the CFMIA Education Committee.

For those who have not completed the Diploma, they may achieve partial credit towards subjects encompassed in the Diploma by applying for "recognition of prior learning", with the RTO administering the Diploma course.

Once both Cert IV and the Diploma are successfully completed by a candidate, they may apply to the CFMIA Board to complete the "Advanced Certification Program in Commercial and Asset Finance".

Once the program is successfully completed, the candidate may apply to the CFMIA to be granted status as a "Certified Finance Broker", "CFB" for Broking, or "Certified Finance Consultant", "CFC" for Banking (Banking program commences in late 2023).

The Rules of Certification stipulate the other requirements needed to be granted Certification status.

Both programs have the same process in general.

The major difference between each designation is that the "Certified Finance Broker" designation is granted to those operating as Finance Brokers in the broking industry, whereas the "Certified Finance Consultant" designation applies to Finance Consultants operating in the Banking sector of the finance industry.

The CFMIA is currently working closely with members of the banking industry to finalise the Advanced Certificate Program in Commercial and Asset Finance course content ready for banking consultants which it aims to bring to the market in late 2023.

Brokers or Consultants wishing to move from one designation to the other due to a change of status may be granted approval by the education committee by completing the "Gap" program.

The CFMIA education committee is working hard at present with key industry members to design the gap program ready by late 2023.

The Rules of Certification requires the CFMIA to form an “Education Committee” which will be responsible for the assessment and approval of Certification Designation applications.

The Committee is made up of experienced Industry Finance Brokers and Consultants who together will be tasked with assessing applications for approval by the Board.

Holding Certification status in the Finance Industry "makes a statement" by our designates to existing and potential clientele, aggregators, and regulators.

It shows a dedication to Professionalism and the probability of a level a skill and knowledge significantly above the average broker and consultant.

It also shows a commitment to ethical conduct which is so important to all stakeholders in the finance arena.

Success today requires Industry Professionals stay a step ahead of their rivals.

The knowledge gained by our members in completing the advanced certificate program courses, and the ongoing support services made available by our mentor team, will help give our certified brokers and consultants a serious edge.