ASIC announces results of final 2024 adviser exam
ASIC has released the results for the November sitting of the financial adviser exam.
There were 289 people who sat the exam, with 207 sitting the exam for the first time.
Some 77 per cent (225 candidates) passed, a significant jump from the 62 per cent pass mark in the August sitting.
Notably, August had seen the lowest percentage of candidates who have passed since November 2022, when only 57 per cent passed.
In comparison, the March and June sittings in 2024 both saw 70 per cent of candidates pass the exam.
ASIC noted unsuccessful candidates in the November sitting will receive general feedback from the Australian Council for Educational Research (ACER) on the areas where they underperformed.
The next exam is slated for March 2025.
There have been 21,637 individual candidates who have sat the exam to date, with over 20,060 (92 per cent) passing the exam.
AUTHOR
Rhea Nath
Recommended for you
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
New Zealand’s financial regulator is following the footsteps of its Tasman neighbours and proposing to conduct a review on improving the accessibility of financial advice and advice business models.
