FASEA has released the results from the third Financial Advisers Exam held in December 2019 in which more than 86 percent of candidates passed the exam.
This compares with more than 90 percent passing the first exams held in June 2019 and the 88 percent plus pass rate in the September round.
FASEA notes in a media release that:
- A total of 2981 advisers sat the December exam
- The exam was held in eight metropolitan and 11 regional centres across Australia from 5 December to 11 December
- The exam was subject to ACER’s comprehensive marking approach
- More than 86 percent of candidates passed
- The exam is marked to credit standard and the pass rate varies with each exam
FASEA’s Chief Executive Officer Stephen Glenfield says FASEA is pleased with the outcomes of the third exam and congratulates successful candidates on completing an important component of their education requirements under the Corporations Act.
“Unsuccessful candidates are able to re-sit the exam and these advisers will receive guidance on which knowledge areas they need to improve to enhance their ability to pass at a future sitting.”
FASEA also notes that registrations for the February exam are open until 31 January 2020. It will be offered in 17 locations from 13 to 18 February and currently more than 2200 advisers are enrolled.
It says that from, and including, the February exam, regional candidates will have the option to sit the exam remotely. Click here to see the link.
The statement also says registrations are now open for the April 2020 exam which is being offered in 18 locations including regional locations from 2 to 7 April. More than 600 advisers are currently registered for the April round. Click here to see the dates for the June exam. Registrations open on 2 March 2020.
FASEA says its website provides information on additional registration times and how to prepare and register for the exam. Click here for more information.