Financial Advisers PASS the Exam (as at Jan 2021)

That’s over half on the
Financial Adviser Register.

Bachelor or Higher Degrees Approved

Across 17 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 January Exam Results

MEDIA RELEASE FASEA today released exam results from the tenth Financial Advisers Exam held January 2021. Result highlights include: Over 12,000 advisers have passed the adviser exams held to date representing 57% of advisers on ASIC’s...

Update from FASEA on the Financial Adviser Exam

MEDIA RELEASE Since June 2019, the exam has been offered 10 times in person and online with 11241 candidates (89%) successful to date. The exam will be offered a further 5 times in 2021 with 1900 candidates already registered for March....

FASEA Update: Helping Advisers Prepare for the Exam

MEDIA RELEASE With five Exam sittings remaining for existing advisers to sit and pass the exam, FASEA draws Advisers’ attention to support and materials available to assist their Exam preparation. Pre-Exam Webinar Series Advisers who book...

FASEA approves Degrees offered by University of New South Wales and University of Tasmania

MEDIA RELEASE FASEA has today confirmed the approval of the following degrees: Bachelor of Commerce majoring in Financial Planning offered by the University of New South Wales from 1st Semester 2021. Graduate Diploma of Financial Planning...

FASEA releases November Exam Results

MEDIA RELEASE FASEA today released exam results from the ninth Financial Advisers Exam held in November 2020. Result highlights include: 11,241 advisers have passed the adviser exams held to date representing 52% of advisers on ASIC’s...

FASEA releases 2020 Amendment Legislative Instrument for Relevant Providers Degrees, Qualifications and Courses Standard

MEDIA RELEASE FASEA has registered the 2020 Amendment Legislative Instrument and Explanatory Statement for its Relevant Providers Degrees, Qualifications and Courses Standard on the Federal Register of Legislation. The Determination was...

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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.