What about situations where my client needs urgent advice? The Corporations Act permits the delayed provision of FSGs and SOAs to the client in time-critical cases. For example, you may be able to rely on the time-critical exception and provide advice to the client without first giving the client a SOA where: your client expressly …
My client requires “urgent advice” – what do I do? Read More »
From 1 January 2019, New Entrants to the financial planning industry are required to pass the exam after they have completed a FASEA approved degree, and before commencing Quarter 3 in their professional year. In a recent FASEA Exam Prep MASTERCLASS the concept of the Professional Year came up and there was a lot of …
Professional Year (PY) Program for Financial Advisers – how does it work? Read More »
Financial Advisers who undertake our FASEA Exam Prep Programs often ask what impact, if any, COVID-19 has had on the requirements of Advisers to maintain their Continuing Professional Development (CPD) hours in line with their annual individual CPD Plan. As you are aware, Financial advisers are required to complete 40 hours of CPD each year …
Adviser Guidance on CPD Obligations under COVID-19 Read More »
The Financial Adviser Standards and Ethics Authority (FASEA) Exam is a required component of the education standard that all Financial Advisers are required to pass to provide personal financial advice to retail clients in respect of retail financial products. In these unprecedented and uncertain times, FASEA recognises the challenges presented by COVID-19 on the delivery …
FASEA Exam Extension – what’s the story given COVID-19? Read More »
FASEA EXAM DOESN’T GET PASSING GRADE With four Financial Adviser Standards and Ethics Authority (FASEA) exams now completed, 5,257 advisers have sat the first three exams, with another 2,200 who sat the February exam. Despite the anxiety in the industry over sitting the exam, the lowest pass rate was 86% – which was in the …
ADVISERS ‘DUMBFOUNDED’ BY LACK OF EXAM FEEDBACK Licensees and training providers have been bombarded with queries and concerns from advisers around the lack of feedback in the FASEA exam process, with many saying they are in the dark on how they can improve their knowledge as the deadline for passing the exam looms. Speaking to …
Financial Advisers deserve detailed FASEA Exam feedback should they fail the exam – that is the consensus among Advisers in the industry.
Preparation is the KEY to SUCCESS when it comes to the FASEA Exam Here are some Exam Tips from Advisers who sat the June, September & December FASEA Exam intakes: * Exam Tip #1: TIME MANAGEMENT – have a strategy going in. Are you going to use the reference materials for each question, OR are …