In a statement, FASEA said it had published a list of over 7,100 advisers who had successfully passed the exam to date and agreed to share their details publicly.
More than 10,400 advisers had successfully passed the exam since sittings commenced, the authority said.
“FASEA congratulates the significant number of advisers who have passed the exam to date,” the authority’s chief executive Stephen Glenfield said.
“This list provides public recognition of their achievements and a high level of visibility for consumers and other stakeholders.”
The list would also be a valuable resource for consumers to be able to look up their adviser and see if they had passed, FASEA said.
Passing the exam demonstrated to consumers that their adviser had passed the second of FASEA’s education and training standards, meaning they could understand advice regulatory and legal requirements, construct advice aligned to different consumer groups, and apply the code of ethics and demonstrate professional reasoning to practical situations, the authority said.
The list is available on the FASEA website and is searchable by name, state and adviser registration number.
Seriously, who cares?
Perv time. Will be fascinating to see who has and hasn’t passed and it will create a lot of pressure on those who haven’t been sitting their exam.
If only they also people who had met the education requirements as well, then we could have an ultimate list
I am on there ! I am on there ! I am the Gold Standard !
Give Stephen a bonus this is gold! Must be FPA Dante’s twin brother? Off to look at that register for sure kahching…!
This is totally inappropriate. It sends a message to consumers that advisers who aren’t on the list are somehow deficient. Just because advisers haven’t completed the exam yet, or have chosen not to have their name published, doesn’t mean they are any less capable or knowledgeable than those on the list.
It should only be published after the exam deadline has passed, by which stage it will be moot anyway because only those that have passed will be left on the FAR.
It is no coincidence this list was released at the same time as the original exam deadline. It is clearly an attempt by FASEA to undermine the exam extension granted by the democratically elected parliament. Just as Standard 3 is clearly an attempt to undermine the Corporations Act implemented by the democratically elected parliament. FASEA is subverting democracy to push their own ideological agenda. No-one involved in FASEA should ever be considered for any sort of government aligned agency or committee ever again.
1) 99% of consumers have never heard of FASEA and will not look at the list.
2) any advisers who still haven’t sat the exam, were really running the gauntlet anyway, with the original deadline only being changed at the last hour. You should have sat it by now, if you’re really worried about what consumers think of you and FASEA.
It’s absolutely frightening that this guy Glenfield actually thinks this is important to Australians. Talk about self absorbed, self importance. He really has no idea bout the real world of financial advice. If you’re reading Mr Glenfield. Nobody cares about this, nobody. Take a long hard look at yourself and move on. You have done nothing to improve this industry. Nothing.
No need. Similar types work for ASIC and Treasury.
Isn’t this why we pay for a Financial Adviser register? Duplication. Now where have we seen that before…..
Of course this will be a very valuable resource for consumers. I am always getting asked if I passed the FASEA exam (not!).
In 21 years I have NEVER, repeat never been asked what any of my qualifications I hold.