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Showing 1 - 10 of 52 results for "ASIC Financial Adviser Register"

Former Hillross adviser pleads guilty

ELIZABETH MCARTHUR  |  TUESDAY, 13 JUL 2021
... August 6. Kourieh is no longer a registered financial adviser, having ceased according to the ASIC Financial Adviser Register. However, no bans have been recorded against him.

Low FASEA pass rate continues

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 MAY 2021
... sittings. Over 13,500 advisers have now passed the exam, representing 65% of the advisers on the ASIC Financial Adviser Register. All existing financial advisers must pass the FASEA exam by 2021 end to stay in the industry. Only 1182 advisers have had ...

Commissions likely to stay: Hume

KARREN VERGARA  |  THURSDAY, 22 APR 2021
... who essentially are distribution arms for life insurers. According to Rainmaker analysis of the ASIC Financial Adviser Register, 5142 advisers ceased in the 12 months to April 14. Anderson is urging the government to include clients in the review - who ...

Government opens consultation on key advice reforms

JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
... Details of any disciplinary action against an adviser by the FSCP may also be published on the ASIC Financial Adviser Register, including warnings, reprimands, directions to undertake specified training, counselling or supervision, orders suspending ...

Aware to restructure advice offering

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
... the start of 2020 First State had 232 financial advisers, according to Rainmaker analysis of the ASIC Financial Adviser Register. As of the latest ASIC FAR data it has 244, although 53 advisers did leave the AFSL in that period, reflecting no redundancies ...

Low pass rate for latest FASEA exam

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
... pass rate for second attempts overall. Now, 13,440 advisers of the approximately 20,000 on the ASIC Financial Adviser Register have sat the exam. FASEA revealed that analysis of the exam results showed that advisers underperformed in financial advice ...

Adviser levy to increase by 160%

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
... financial advice sector is losing thousands of advisers a year (just over 20,000 remain on the ASIC Financial Adviser Register now) - highlights issues with the funding model and will cause more advisers to exit the industry. The group says the funding ...

Countdown to FASEA exam deadline

ELIZABETH MCARTHUR  |  TUESDAY, 23 FEB 2021
... total of 11,241 advisers have passed the exam, just over half the approximately 20,000 on the ASIC Financial Adviser Register. For the first time, this year FASEA offered additional support materials to help advisers pass the exam. This included a pre-exam ...

Wage subsidy to rescue advice industry

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
With just 65 new names appearing on the ASIC Financial Adviser Register in 2020, the rapid decline in adviser numbers has industry experts calling for a wage subsidy to incentivise advice practices to take hire graduates. In its pre-Budget submission ...

Wage subsidy needed for new entrants: AFA

JAMIE WILLIAMSON  |  THURSDAY, 4 FEB 2021
... ongoing outflow of advisers from the industry, with just 58 provisional advisers currently on the ASIC Financial Adviser Register - no match for the 7600 that have left the industry since December 2018, according to the submission. "More needs to be ...
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