The Financial Adviser Standards and Ethics Authority (FASEA) has released its June exam results, from the inaugural financial advisers exam, with 90 per cent of candidates passing the exam.
The exam was subject to the Australian Council for Education Research’s (ACER’s) marking approach, and had been marked to credit standard. The pass rate would vary with each exam.
Stephen Glenfield, FASEA chief executive officer, said FASEA was pleased with how the first exam was implemented and congratulated successful candidates.
“Unsuccessful candidates are able to resit the exam and these advisers will receive guidance on which knowledge areas they need to improve to enhance their ability to pass at a future sitting,” Glenfield said.
The exam had been held in nine centres across the country from 20-24 June, and 579 advisers had sat the exam.
Registrations for the 2019 exam sittings on September 15 and December 18 were still open, with 1000 currently enrolled.