First 2023 adviser exam open for enrolments
Enrolments for the first financial adviser exam of 2023 open today (10 January).
Bookings were now open for the adviser exam on 16 February and cost $1,500, they would close on 30 January.
All exams held this year would be held remotely compared to the option of remote or in-person which was offered last year.
If a candidate was a new adviser, their eligibility to sit the exam would need to be assessed by the Australian Securities and Investments Commission (ASIC) beforehand. They would then be issued with an exam eligibility number to make a booking.
To make sure an exam eligibility number was issued in time, AFS licensees were urged to apply for an exam eligibility number through the ASIC Regulatory Portal no later than 15 days before the last day of the exam booking period.
The next set of exams following this would be held on 11 May.
In the most-recent adviser exams, held in November, 57% of the 282 candidates received a pass mark. This was up from 52% in the previous sitting and from 42% in May.
However, it was from a smaller pool of candidates with only 282 sitting in November compared to 628 sitting in July and August and 496 in May.
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Laura Dew
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