No adviser should take the FASEA exam lightly. It is not a tick and flick exam. I have yet to speak to an adviser who came out of their June exam brimming with confidence. The exam requires a significant amount of reasoning ability, not only base knowledge. So rote learning isn’t going to cut it. […]
This is an ethical advice exam. One of the key knowledge areas will be to know the interrelationship between the Chapter 7 Part 7.7A Best Interests Duty (BID) and the new Code of Ethics. At first glance, the Code of Ethics appears to be adding an ethical overlay on top of the Part 7.7A Best […]
The aim of the adviser exam is to ensure every advice provider has the knowledge and ethical reasoning ability to be able to navigate their way through the obstacle course of incentives, conflicted remuneration, competing priorities and work pressures to achieve great advice outcomes for clients. Therefore, a very important part of your exam preparation […]
Working smart can help put structure and logic into your adviser exam preparation. So there are two parts to preparing for the adviser exam. They are acquiring knowledge and applying knowledge. ACQUIRING KNOWLEDGE There is such a lot of reading to go through so it makes sense to prioritise. So try applying the 80/20 […]
What became obvious in the first FASEA adviser exam sitting is that the content of the exam over the duration of the June exam period changed. Exams written in different venues on different days were similar but different. The reason for this is the way in which exam questions are generated. The adviser exam process […]
This is the first of a 6-part series of insights into the FASEA adviser exam. Some 600 advisers sat the first round of FASEA exams this month. Even though the specific content of future exams will continue to change across and within the next 8 sittings or so, there are some valuable takeaways that can […]
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 […]
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 […]
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 […]
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 […]