Certification Designation Programs for Finance Brokers and Consultants
The Certified Finance and Mortgage Institute of Australasia is dedicated to professionalism in the finance industry.
Our mission is to work closely with industry bodies, and the members they serve, to help lift standards in the area of education and training and promote brokers and consultants that are dedicated to excellence in their craft.
These industry professionals deserve to carry a high mark of excellence.
Certification reflects the high standards across many professions in today's financial services industry.
The CFB TM Certified Finance Broker Designation is the only ACCC ratified Finance Certification Programme in Australia.
It was not developed over a short period of time to offer a token gesture to the industry to indicate some sort of professionalism.
It is the product of thousands of hours of hard work by dedicated industry professionals over the last 25 years.
The education and training programmes leading to certification qualification are cutting edge, and those dedicated to the improvement of our industry are constantly working to upgrade and improve the course material to ensure brokers and consultants I robbed the highest standards.
Whilst some groups and associations historically have rejected certification and designation status, the Finance Brokers Association of Australia has constantly supported the CFMIA and its dedication to professionalism.
The CFMIA is proud to announce the introduction of the FBAA Broker industry Certification designation programme.
The first Certified Finance Brokers in Australia are on the way.
A big thank you to all of those wonderful industry members who have created this opportunity.
MISSION STATEMENT
The CFMIA will endeavour vigorously to -:
The CFMIA has been issued approval by the Australian Competition and Consumer Commission under the "Rules governing use of Certification", to grant "Certification" status to members of the Finance Broking and Banking Sectors of the Australian Finance Industry.
Qualifying Brokers and Consultants will be able to carry "symbols of excellence" which will give them an edge over their competitors and demonstrate to consumers and peers their dedication to high standards in the provision of finance advice and service.
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.
This is our focus.
From a qualification perspective, Industry Brokers and Consultants need to have completed 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 the Diploma is successfully completed by a candidate, they may apply to the FBAA 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 2027).
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 2027.
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 2027.
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 will help give our certified brokers and consultants a significant edge over non educated competitors.
What is the step-by-step process in achieving Certification?
What are the ongoing requirements to hold Certification status?
