Financial advisers and their licensees, take note! ASIC is
following up on advisers who haven't yet completed the
financial adviser exam.
For most advisers, the thought of the financial adviser exam is
likely to be a distant memory. Some advisers may even look back
with rose-coloured glasses and think - it wasn't all that
bad.
But spare a thought for those advisers who haven't yet
completed the exam. What does it mean for them and, more
importantly, what do they and their licensees need to do to stay
out of ASIC's crosshairs?
Before discussing these issues, let's first recap on the new
Professional Standards.
The Professional Standards
As financial advisers are aware, 2019 saw the commencement of
the new Professional Standards regime for advisers who provide
personal advice to retail clients.
