86% pass FASEA exam
86% of advisers who sat the December Financial Adviser Standards and Ethics Authority (FASEA) exam passed.
The pass rate maintains the generally high levels recorded in previous exams.
The authority announced today that of the 2981 advisers sat the exam in eight metropolitan and 11 regional centres.
Commenting on the result, FASEA chief executive, Stephen Glenfield said the authority was pleased with the outcomes of the third exam.
He noted that unsuccessful candidates were able to resit the exam and would receive guidance on which knowledge areas they needed to improve.
Recommended for you
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
Morningstar has made two business development appointments to drive the growth strategy of its financial advice software, AdviserLogic.
