Are you an Existing licensed Financial Adviser?
Until 1 January 2024, ‘Existing advisers’ on the ASIC Financial Adviser Register between 1 January 2016 and 31 December 2018 have a transition period to meet the new education standards.
These new standards stipulate that from 1 January 2019, only ‘relevant providers’ who meet the Financial Adviser Standards and Education Authority (FASEA) education requirements can operate as licensed financial advisers or financial planners.
All new entrants must hold a FASEA approved degree prior to applying to become Financial Advisers.
UNE’s Graduate Diploma in Financial Planning is FASEA approved.
Are you a new entrant or career changer looking for a Financial Adviser career pathway?
If you are thinking about becoming a new Financial Adviser or want to progress towards becoming one, the Graduate Diploma in Financial Planning is the fastest education pathway towards becoming one, as long as you have completed a degree. University of New England (UNE’s) course meets the FASEA education requirements.
Steps to becoming a licensed Adviser
New entrants wanting to become licensed Financial Advisers after 1 January 2019 must meet a number of requirements. These include:
- Successfully completing a FASEA approved degree
- Successfully completing a FASEA exam
- Become licensed under an Australian Financial Services Licensee (AFSL) as a ‘Provisional Financial Adviser’
- Successfully complete a Professional Year as a Provisional Financial Adviser of one-year full-time equivalent work which includes direct and indirect supervision by a Supervisor and your AFSL.