Over the past 18 months, as the implementation of the FASEA standards has gained pace, I have had numerous conversations with financial advisers, accountants and stockbrokers who are beside themselves with fear – fear of not passing an exam, fear of not having a career, and fear of professional uncertainty if they do not meet …
The STATS from the NOVEMBER FASEA Exam sitting Result highlights include: 11,241 advisers have passed the adviser exams held to date representing 52% of advisers on ASIC’s Financial Adviser Register (FAR). overall, 89.5% of advisers who have sat the exam (irrespective of how often it was sat) have passed. 80% of candidates sitting the exam …
The STATS from the OCTOBER FASEA Exam sitting These reflect a couple of interesing points: 625 advisers sat the exam compared with an average of 1540 across all exams – in helping Advisers prepare for the exam, it has become evident that many have postponed sitting it until 2021 overall, 89.5% of advisers who have …
The most effective way to prepare for the FASEA exam is to: understand the proposed question format of the exam, the concepts and ideas that will be examined, be mindful of where other participants have struggled, and then use this information to reverse engineer a Personal Exam Strategy. Click on the image below to access …
Nail the FASEA Exam in 2021 – FREE DOWNLOAD “Exam Tips & Insights” Read More »
Stockbrokers and Financial Advisers Association (SAFAA) – Newsletter DECEMBER Edication – DOWNLOAD full article here The most effective way to prepare for the FASEA exam is to understand the proposed question format of the exam, the concepts and ideas that will be examined, be mindful of where other participants have struggled, and then use this …
How do you prepare for the “one size fits all” FASEA Exam? Read More »
This article highlights the confusion and conflicting opinions on the legal certainty of financial advisers providing ‘scaled advice’. Some believe scaled advice breaches the BID obligations and Standard 6[1] of the FASEA Code of Ethics, whilst others believe scaled advice is permissible and fully supported by ASIC and the legislation. We explore ASIC’s view on …
I’m often asked by Advisers as they prepare for the exam… Question: “Personal advice needs to be financial product advice. Your notes also follow this. However, RG175 suggests that client (personal) advice may not be product specific.” ANSWER: Personal advice is given when the adviser has considered the person’s specific objectives, situation or needs, or …
FASEA Exam Questions: When is it Personal Advice, General Advice or Factual information? Read More »
In the NOVEMBER Edition of our FASEA Standards Newsletter, we discuss: FASEA Exam: August Results & Analysis Over 50% of Advisers have sat the ExamOver 11,180 advisers have sat the exam with 9 in 10 demonstrating they have the skills to apply their knowledge … to the practical scenarios tested in the exam? Regulations: FASEA Code …
FASEA recently released exam results from the Exam held in August 2020. Result highlights include: * 82% of candidates passed the August exam, * 65% of advisers re-sitting the exam passed on their second attempt, * 1,521 advisers sat the exam compared with an average of 1600 across all exams * Over 11,180 advisers have …
In this video from myIntegrity’s recent FASEA Exam Prep Masterclass (Webinar) Program, I explain how Standard 3 of the FASEA Code of Ethics operates. Importantly, I explain how Standard 3 operates in conjunction with Standard 7 of the Code, as well as how Financial Advisers can still take in to account the requirements of Standard …
FASEA Code of Ethics – Standard 3 Explained (Video) Read More »