69% pass May FASEA exam

exam/results/FASEA/fasea-exam/

6 July 2021
| By Chris Dastoor |
image
image image
expand image

The May sitting of the Financial Adviser Standards and Ethics Authority (FASEA) exam has a seen a 69% pass rate – the same as the previous sitting in March. 

Over 14,850 advisers have passed the adviser exams held to date representing 74% of advisers on the Australian Securities and Investments Commission’s (ASIC’s) Financial Adviser Register (FAR). 

Overall, 89% of advisers who have sat the exam have passed and 1,918 unsuccessful candidates had re-sat the exam with 65% passing at a re-sit. 

Around 74% of candidates sitting the exam for the first time passed the May exam (compared with an average of 82.4% across all exams). 

The exam saw 1,894 advisers sit compared with an average of 1,437 across all exams.

Stephen Glenfield, FASEA chief executive, said: “Over 16,700 advisers have sat the exam with nine-in-10 demonstrating they have the skills to apply their knowledge of advice construction, ethics and legal requirements to the practical scenarios tested in the exam.

“FASEA congratulates successful candidates on completing an important component of their education requirements under the Corporations Act."

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 week 4 days ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 month ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month 1 week ago

AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies. ...

3 days 20 hours ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

1 week 6 days ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

2 weeks 6 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Powered by MOMENTUM MEDIA
moneymanagement logo