FASEA issues adviser exam proposalsBY JAMIE WILLIAMSON | WEDNESDAY, 11 JUL 2018 4:39PM![]() The Financial Adviser Standards and Ethics Authority released its draft guidance on the five key areas existing financial advisers will be tested on under the new education requirements. Related News |
Editor's Choice
Praemium's new leadership toughens earnings yardstick
|Praemium's new leadership will be keeping a close eye on costs, with new chief executive Denis Orrock noting he will make sure the technology upgrade underway translates into stronger earnings and better returns for shareholders.
Australian Ethical FUM drops by $70m
|Australian Ethical saw a net outflow of $100 million in its investment business in the first quarter of the financial year.
Perennial expands wholesale offer for pre-IPOs
|Perennial Partners is launching a new strategy for wholesale investors to capitalise on global pre-IPO opportunities, requiring a minimum investment of $100,000.
Macquarie wealth investment chief to depart
|Macquarie chief investment officer for wealth will take on a new role at a New Zealand-based investment management firm after serving in the position for close to three years.
Further Reading
Products
Featured Profile

David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.








4 hours? I hope they allow for toilet breaks. Sounds more like a marathon than an exam.
What 'exam' is FASEA proposing for pure RISK advisers? I've seen no mention of this. We have the story here about an exam for financial planners but nothing about what will be expected of RISK-only advisers which are a fully different discipline to investment advisers. Why never any mention in these stories FS about this? I hope FASEA or whomever writing the rules comes up with something for risk advisers - surely you don't test a risk adviser on the same material as an investment adviser?! If so we will get real-estate people to do this new FASEA exam for investment advisers will we? A separate qualification for risk advisers is being IGNORED blatently by media, FASEA, FPA, Life companies et al. One question: WHY? This is laziness or is it purposeful? Please explain Pauline?!