February and April 2020 exams
For the February 2020 exam, sitting dates will be from 13 to 18 February 2020, with registrations open from 1 November 2019 to 24 January 2020.
Locations for the February 2020 exam are Sydney, Canberra, Melbourne, Brisbane, Townsville, Adelaide, Perth, Hobart, Gold Coast, Wollongong, Cairns, Ballarat, Launceston, Port Macquarie, Traralgon, Tamworth, Townsville and Newcastle.
For the April 2020 exam, sitting dates will be from 2 to 7 April 2020, with registrations open from 2 January 2020 to 13 March 2020.
Locations for the April 2020 exam are Sydney, Canberra, Melbourne, Brisbane, Townsville, Adelaide, Perth, Darwin, Hobart, Gosford, Sunshine Coast, Geelong, Toowoomba, Bunbury, Mackay, Geraldton, Wagga Wagga and Coffs Harbour.
Update from December 2019 exam
FASEA said the December exam will be held in 19 centres across Australia from the 5 to 9 December.
As well as the metropolitan locations, FASEA said regional centres for the December sitting are Townsville, Rockhampton, Mackay, Sunshine Coast, Toowoomba, Gosford, Orange, Wagga Wagga, Albury/Wodonga, Bendigo and Geelong.
Registrations for the December exam are open and will close on 8 November 2019. According to FASEA, over 2,430 advisers have already registered for the December exam.
Update from September 2019 exam
FASEA said the September exam was held in 15 centres across Australia from 19 to 23 September 2019, with a total of 1,697 advisers sitting the exam over 79 sessions.
Results for the September exam will be released in mid-November 2019.
Hi Squeaky. I’ll add some argument to the debate and I’ll refrain from the personal attacks. For what it’s worth I’m a very successful Financial Adviser with 20 years of experience.
I’ve only got a couple of words for you. FASEA, Royal Commission, Plummeting business valuations, BOLR, unaffordable financial advice, FoFA, Opt in. Loss of Grandfathered commission. Four Corners.
When you’re sitting there in your 3 hour FASEA exam I hope you think of me when you ask yourself “How the %$%%$ did I get here”.. Now off you go and renew your FPA membership fees and keep getting business coaching from your licensee no doubt aligned to some product manufacturer hauled before a Royal Commission and keep doing the same thing you’ve been doing for the last 20 years. That’s obviously working out well for you.
[quote=Amanda Hugenkiz]I wonder how some financial planners will go in this exam given they’ve been getting their training from firms dragged before a Royal Commission?
But really….Sucked in Financial Planners. FASEA is what you get when you have the FPA in the pockets of product manufacturers. If the most professional you can EVER be is the FPA as your industry representative to Treasury (accused of not being able to be a code monitoring body) than you guys deserve all the luck you can get. Time you get your act into gear otherwise next you’ll be winging about Australians being unable to afford your advice or your business is devalued…hopefully that won’t happen. Whilst I am here; I suggest whilst you’re renewing FPA fees that you run off and become representatives of firms that charge dead people fees as well. That will certainly help your cause, for less Government intervention as well. [/quote][quote=Amanda Hugenkiz]I wonder how some financial planners will go in this exam given they’ve been getting their training from firms dragged before a Royal Commission?
But really….Sucked in Financial Planners. FASEA is what you get when you have the FPA in the pockets of product manufacturers. If the most professional you can EVER be is the FPA as your industry representative to Treasury (accused of not being able to be a code monitoring body) than you guys deserve all the luck you can get. Time you get your act into gear otherwise next you’ll be winging about Australians being unable to afford your advice or your business is devalued…hopefully that won’t happen. Whilst I am here; I suggest whilst you’re renewing FPA fees that you run off and become representatives of firms that charge dead people fees as well. That will certainly help your cause, for less Government intervention as well. [/quote]
Well, there’s certainly one misguided, bitter, twisted and jealous little girl. Dear oh dear. I’d suggest that between shifts at the local Call Centre and smoko breaks she speak to some of the experienced planners to get her facts straight and find out how the real world works – she only sounds about 19 or 20 so a bit of life experience is, I dare say, the least she needs right now. You poor unfortunate little girl, to come to an adviser site like this to vent such hate. Parents have a lot to answer for these days – too sad for words. Probably just that time of the month and you’ll feel better soon so don’t worry too much.
[quote=Endangered Species]Wow, less than 20% of advisers have sat for the exam or registered for the first 3 sittings. Those doomsday predictions of a wipe-out in adviser numbers appear to be on the money. Thinking about all of the support staff and the hangers on (ie. BDM’s, call centre operators, licensee staff etc. etc.) we are probably looking at the loss of 70,000 jobs. Plus more than a million displaced clients will loose the reassurance of their trusted adviser. Insurances will lapse, retirees will spend less and scammers will have a field day. This will hurt our economy, there is no doubt about it. These numbers are very significant. Well done ASIC, Hayne and politicians from both sides of parliament. I hope you are happy. [/quote] Ditto!
Wow, less than 20% of advisers have sat for the exam or registered for the first 3 sittings. Those doomsday predictions of a wipe-out in adviser numbers appear to be on the money. Thinking about all of the support staff and the hangers on (ie. BDM’s, call centre operators, licensee staff etc. etc.) we are probably looking at the loss of 70,000 jobs. Plus more than a million displaced clients will loose the reassurance of their trusted adviser. Insurances will lapse, retirees will spend less and scammers will have a field day. This will hurt our economy, there is no doubt about it. These numbers are very significant. Well done ASIC, Hayne and politicians from both sides of parliament. I hope you are happy.
I don’t understand how they can ramp up the difficulty in the 2nd sitting because they seemed embarressed by the high 90% pass rate in the 1st sitting???? How is any of this transparent when nobody knows what the pass rate is? How is this fair and equitable? They should want a high pass rate you would think? Does this mean they have set a target of 20% fail and will continue to ramp up the difficulty as they get closer to the end?
Thinking Amanda must work in a call centre
I wonder how some financial planners will go in this exam given they’ve been getting their training from firms dragged before a Royal Commission?
But really….Sucked in Financial Planners. FASEA is what you get when you have the FPA in the pockets of product manufacturers. If the most professional you can EVER be is the FPA as your industry representative to Treasury (accused of not being able to be a code monitoring body) than you guys deserve all the luck you can get. Time you get your act into gear otherwise next you’ll be winging about Australians being unable to afford your advice or your business is devalued…hopefully that won’t happen. Whilst I am here; I suggest whilst you’re renewing FPA fees that you run off and become representatives of firms that charge dead people fees as well. That will certainly help your cause, for less Government intervention as well.
Have they addressed the fact that the exam in September was ambiguous as hell and that the code is in direct conflict to the Corps Act and the TASA code?