FASEA exam rated challenging but fair
Those financial advisers who have sat the Financial Adviser Standards and Ethics Authority (FASEA) exam may have been sworn to secrecy about its nature and contents, but the bottom line appears to be that it is challenging but do-able.
The first two sittings of the exam were conducted last Thursday and yesterday (Monday) with feedback from those who sat it suggesting that it represented a tough but fair test of their knowledge.
A consistent theme appeared to be that the exam was not overly technical and demanded a broad rather than niche knowledge of advice.
Advisers sitting the exam have been obliged to enter into confidentiality arrangements around its content.
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.
