Joel Ronchi, principal consultant at myintegrity in Practice, said he had seen a “surprising” number of people who were only sitting the exam for the first time this year. This was mainly in areas such as accountancy where people were unaware they fell into the category of needing to take the exam. Advisers yet to …
In our JUNE 2021 Edition of our FASEA Standards Newsletter, we discuss: “Decision making is the most powerful cognitive tool we possess. Developing a ‘personal decision making framework (DMF)’ is crucial to achieving the outcomes you want, quality of life, fulfillment, happiness, and success (as defined by you). A personal DMF directly influences your ideal balance …
(Download Article as PDF) There are some moments in life that remain etched in your memory. Unforgettable moments because they were so funny, traumatic, shocking, surprising, inspiring, or downright weird. In the financial advice game, it must be pivotal moments such as the introduction of PS146 training requirements (which later became RG146 in 2004); the …
3 Life Lessons I Learned from my Near-Death Experience on the Mighty Zambezi River Read More »
The standards authority may discourage advisers who fail the industry exam from requesting a re-mark, but one education and training provider, Joel Ronchi, has said that for those who feel they were close to the line, it’s worth “having a crack”. myIntegrity in Practice principal Joel Ronchi said three advisers enrolled in his exam preparation …
In our MAY 2021 Edition of our FASEA Standards Newsletter, we discuss: Personal Insights: How to Stop Overthinking & Burning out The Power of our ThoughtsGrappling with your thoughts will leave you even more entangled in worry. A problem keeps popping up in your mind – for instance, constant regulatory change – and you just can’t stop …
The Stockbrokers and Financial Advisers Association Conference is fast approaching (Sydney, 20-21 May), & EARLY BIRD REGISTRATIONS close on 1st May. I’ll be moderating the VIRTUAL Session “NAVIGATING THE PROFESSIONAL YEAR”. You can find the direct link to Conference Information at https://lnkd.in/g77CYU2 The questions I always get asked by Licensees about the PY are: * What’s involved in …
In the APRIL 2021 Edition of our FASEA Standards Newsletter, we discuss: ASIC Updates: More RoAs, less ‘turgid’ guides ASIC’s “Affordable Advice” ConsultationOf the 469 submissions to ASIC, the large adviser cohort made a combined plea for the regulator to “talk directly to advisers, not just licensees, professional associations and lobbyists”. FASEA Standards: FASEA Exam …
Financial Plannig industry consultant Joel Ronchi has been running training programs for stockbrokers over the past few months after hearing that fail rates of between 50 and 60 per cent were commonplace among top firms. “The exam is very broad where brokers’ focus is very narrow traditionally. They’re being asked to consider a whole range …
Minister defends controversial ethics test for stockbrokers (artcile in TheAge) Read More »
FASEA can be seen as a bit of ‘white noise’ to Paraplanners but in this episode, we talk bigger picture on the long term impact of the new regulations within the financial advice industry. The FASEA Standards will see a lot of movement both from exiting advisers and new entrants to the industry which will …
Knowledge on advice documentation has been the biggest recurring problem area with the Financial Adviser Standards and Ethics Authority (FASEA) exam. In the last four exams, advisers had difficulties demonstrating knowledge of the components of key advice documentation that was provided to the client. Joel Ronchi, myIntegrity in Practice principal consultant, said advisers might not …