Entries by admin

National Adviser Exam – Don’t Stand in the Shadow of the 2021 Deadline

I have been receiving feedback recently that many advisers are considering deferring the exam until next year; apparently, a strategic ‘wait until the dust settles’ approach. If you wait until next year, you will have the added pressure of ‘standing in the shadow of the guillotine’; being the figurative instrument that will sever you from […]

FASEA Adviser Exam – From Misery to Confidence

After week 7 of my first 10-week Adviser Exam Online Tutorial Program, I have two advisers who have already enrolled in next month’s FASEA exam sitting. Originally we were targeting September which would allow everyone to first sit the Kaplan fully supervised practice exam. And that will still be the case for the majority. The […]

The National Adviser Exam just got Technical

With an extension reading list that looks like an advert for a university bookshop clearance sale, FASEA released its adviser exam timetable late last week. Also in the release is a set of exam practice questions. Whilst it is valuable insight into the way exam questions might be presented, there are some concerns for specialist […]

The Peril of Delaying the National Adviser Exam

FASEA indicates that National Adviser Exams will be scheduled quarterly in 2019 commencing mid-June; and then bi-monthly in 2020. So that suggests 8-9 exam opportunities before the 1st Jan 2021 deadline for all existing advisers to pass this exam.  It sounds like a lot but it’s an illusion. According to the feedback I receive from risk […]

National Adviser Exam – 4 Things Stood Out

When I first read the FASEA National Adviser Exam Policy, four things stood out. 1. It looks very much like an examination of the process of providing advice within the bounds of the law and relevant codes, regardless of technical specialty. 2. The length of the exam is quite long at 3.5 hours including 15 […]

SMSF Investment Strategy – The Jewel In the Crown

The Investment Strategy is the most important process in running an SMSF. Getting this part right is the difference between limping along on one cylinder and turning your SMSF into a high performance retirement vehicle. Whilst administration and compliance are important, the real purpose of your SMSF is to maximise and manage your retirement savings. […]

Set Up An SMSF … Now What?

People I see leaving the mainstream superannuation system to an SMSF environment are usually disillusioned in some way. Either they have had poor advice in the past, or suffered loss in the GFC, or they want to stop money leaking out of their fund by way of advisor commissions. Of course, some make the move […]

Be Sure Of Your Purpose Before Moving To An SMSF

You might wonder why it is important to set clear goals and be certain about your reasons for leaving the mainstream superannuation system to start your own SMSF. I have had two instances recently, where SMSF trustee groups came to me AFTER they’d already moved from mainstream super to the SMSF environment, saying that they […]

Two Clients Reach Different Decisions About SMSF

These two client stories provide some insight into the process of weighing up the pros and cons of an SMSF. You will read in the first client story why Veronica and John decided to proceed to an SMSF and in the second, why Patricia and Alfred decided against it. Client Story 1 – Veronica and […]