Financial Advisers PASS the Exam (as at May 2021 sitting)

That’s over 70% on the
Financial Adviser Register.

Bachelor or Higher Degrees Approved

Across 24 Providers giving
Advisers greater choice.

New entrants registered as started their Professional Year

The Financial Advice Profession is being seen as an attractive career option.

Financial Adviser Standards and Ethics Authority

The Corporations Amendment (Professional Standards of Financial Advisers) Act 2017 established the Financial Adviser Standards and Ethics Authority (FASEA) in April 2017, to set the education, training and ethical standards of licensed financial advisers in Australia.

The new requirements commenced on 1 January 2019.

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New Entrants are required to hold an Approved Degree before they commence their Work and Training (Professional Year) requirement. They must be mid way through their Professional Year before they are eligible to sit the Financial Adviser exam and commence using the term Provisional Financial Adviser or Provisional Financial Planner.

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The annual requirement for 40 hours Continuous Professional Development commenced on 1 January 2019. Provisional Financial Advisers will be required to undertake CPD after completion of their Professional Year.

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Existing Advisers have until 1 January 2022, to pass the Financial Adviser Exam and until 1 January 2026, to reach an education standard equivalent to an Approved Degree.

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The Code of Ethics will commence on 1 January 2020, with all Financial Advisers required to adhere to the Code from that day onwards.

New Entrant

I would like to enter the financial advice industry and want to know where to start

Existing Adviser

I am an Existing Adviser and want to know what I need to do to meet the standards

Higher Education Providers

I am a Higher Education Provider looking to offer accredited courses

FASEA Standards

View details of FASEA’s standards for New Entrants and Existing Financial Advisers

FASEA releases draft amendments to the Education Legislative Instrument

MEDIA RELEASE Since September 2020, FASEA has approved five current degrees, four bridging courses and one historic degree as recognition of prior learning. In announcing those approvals, FASEA noted they would be added to a future...

FASEA Consultation – relief from 3 month registration requirement for November 2021 Financial Advisers Exam

MEDIA RELEASE FASEA has today released Corporations (Relevant Providers Exam Standard) Determination 2019 Amendment for consultation. The draft amendment proposes relief from the 3 month registration requirement for November 2021 exam...

FASEA announces relief from 3 month registration requirement for November 2021 Financial Advisers Exam

MEDIA RELEASE FASEA today announces its decision to provide all financial advisers who have yet to pass the exam, the option to sit the November Exam irrespective of the timing of their last sitting. To give effect to this, the...

FASEA releases May Exam Results

MEDIA RELEASE FASEA today released exam results from the twelfth Financial Advisers Exam held May 2021. Result highlights include: Over 14,850 advisers have passed the adviser exams held to date representing 74% of advisers on ASIC’s...

FASEA Opening Statement Senate Estimates Economics Legislation Committee

MEDIA RELEASE FASEA appeared at the Senate Estimates Economics Legislation Committee on the 2 June 2021.  FASEA's opening statement can be found here.The Financial Adviser Standards and Ethics Authority Limited was established in 2017 to...

FASEA approves Degrees offered by Southern Cross University and Australian Institute of Management

MEDIA RELEASE FASEA has today confirmed the approval of the following degrees: Any bachelor with a major in Financial Services offered by Southern Cross University commencing March 2021. Graduate Diploma of Financial Planning offered by...

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The Financial Adviser Standards and Ethics Authority Limited was established in 2017 to set the education, training and ethical standards of financial advisers in Australia.

 

 

The Financial Adviser Standards and Ethics Authority Limited was established in 2017 to set the education, training and ethical standards of financial advisers in Australia.