The Association of Financial Advisers (AFA) has upgraded its mentoring program for young professionals, with face-to-face meetings, webinars and discussion papers.

The AFA’s GenXt program will be rolled out nationally on May 30. It aims to encourage more experienced advisers to offer guidance and to help younger advisers generate referrals and market to target segments.

Advisers currently provide services to just two in 10 people, according to AFA National GenXt Chairman Fraser Jack.

“If we want to see more Australians accessing advice, we have to work together to come up with really great strategies and highly relevant approaches,” he said.