Welcome to Dover RG 146 and our unique pay as you graduate RG 146 training concept

Dover RG146 is a trading name of McMasters’ Training Pty Ltd, a nationally recognised Registered Training Organisation (RTO) and an ASIC registered training provider.

Dover RG146 is part of the Dover Group of companies, one of Australia's leading AFSLs and providers of services to financial planners. 

No-risk training with Dover RG146: you only pay when you graduate

Training with Dover RG146 is easy. We use a combination of online and hard copy resources. Our online resources are open and can be accessed at any time of the day or night. You are free to complete your studies at your own pace and can present for assessment at a time you choose. Hard copy text books from Australia's best academic writers are used as a base for our course and can be purchased online via links from our website. No class rooms, no time tables and no hassles. You study in your own place, and at your own pace.

Studying could not be easier than this. But that's not all. You only pay when you graduate. That's right, with Dover RG 146 there are no up-front course fees. Your only cost upon enrolment is the purchase price of the text books. You only pay Dover when you graduate.

There is no risk connected to studying with Dover RG146: if you do not graduate you do not pay. You can also study one module at a time, and pay the fee for that module when you pass. 

What is RG146?

RG146 is a regulatory guide issued by the Australian Securities and Investments Commission (ASIC). It sets out the minimum training requirements that must be met before a person can be appointed as an authorised representative of an Australian Financial Services Licence (AFSL) holder. Graduates of Dover RG146's training programs are eligible to be appointed to provide financial advice in the following areas:

• financial planning
• superannuation (including self-managed superannuation)
• life insurance
• securities
• managed investments.

You can access RG 146 here: Regulatory Guideline RG 146.

What happens when you complete your diploma?

Completing a diploma of financial services is just the first step in becoming a financial planner. The second step is being accepted as an advisor by an Australian Financial Services Licence holder. Most AFSLs have stringent acceptance requirements and require you to sell a limited range of products to customers, rather than becoming a true financial advisor. They set tough budgets, and require you to do things their way or not at all. And "their way" usually involves maximising "funds under management" without any real regard to your client's interests, or what you believe is best for your clients.

Dover Financial Advisors does not do this. Dover Financial Advisors allows you to run your practice the way you want to run your practice without any interference, apart from training and other compliance requirements.

Dover RG 146 guarantees that you will be accepted as an advisor with Dover Financial Advisors, subject to its normal terms and conditions. You can start your career as a financial planner as soon as you graduate, with an un-equalled level of technical and business support: Dover Financial Advisors provides the training and back-office support you need to run a successful financial planning and advisory business. Dover is one of Australia's most successful AFSLs, and is a leader in its segment: cost efficient services to serious financial planners who are not limited to tied investment products and who are free to run their businesses the way they want to run their businesses.

Dover Financial Advisors reduces your first year licence fee by the amount paid to Dover RG 146. This means you in effect pay nothing to qualify as a financial planner and start a new career in an established growth industry full of exciting business and investment possibilities, where you gain the personal satisfaction of helping people with their finances every day, and make a real difference to their lives.

We hope studying with Dover RG 146 is the start of your long term professional relationship with the Dover team.

You can learn more about how Dover Financial Advisors helps its advisors create better businesses at www.dover.com.au.

What about just studying Module 4: Superannuation?

The Federal Government has announced that the so called “accountants’ carve out” for advising clients on setting up and closing down self-managed superannuation funds will close. The announcement date was April 2010 as part of the Future of Financial Advice reforms but the start date has not yet been specified.

The “accountants’ carve out” is set out in Regulation 7.1.29A of the regulations made under the Corporations Act, and can be accessed directly here: Corporations Regulations 2001 - Regulation 7.1.29. ASIC’s views on when the licensing provisions apply to accountants are set out here: ASIC QFS 10 Do the AFS licensing requirements apply to accountants?

Dover RG 146 allows accountants to study superannuation and SMSFs for a fee of just $400 payable on successful completion of module 4 of the Diploma of Financial Services. Dover Financial Advisors then licences you to provide advice on setting up and closing SMSFs (and related issues but not on SMSF investments) for a special fee of $3,000 per annum plus GST, with your Dover RG 146 fee deducted from your first year fee (ie first year fee is $2,600 net).

This is the simplest and most cost efficient way for accountants to continue to practice with SMSFs. And Dover Financial Advisors sets up an unlimited number of SMSFs for you as part of the service making it even easier for you to create a flourishing SMSF business. 

Accountants should be aware that this is not yet a strict requirement and it is likely that the government will allow ample lead time to qualify once the proposals are finalised.