ASIC today released the exam results from the 23rd Financial Advisers Exam cycle held in November 2023.

The exam, conducted by the Australian Council for Educational Research (ACER) since inception, follows a rigorous process to ensure all candidates in each cycle are tested to the same standards.

In the November exam cycle:

• 219 people sat the exam;
• 66% (145) passed the exam; and
• 70% (154) sat the exam for the first time.

As has been the practice for previous cycles, unsuccessful candidates will receive general feedback from ACER on the areas they underperformed.

Candidates can contact ACER at faexam@acer.org to request a re-mark of the written response questions. Requests for re-mark must be submitted between 14 -20 December 2023.

Background 

To date 20,875 individual candidates have sat the exam. Over 19,310 (92%) of candidates who have sat the exam have passed, demonstrating they have the skills to apply their knowledge of advice construction, ethics and legal requirements to the practical scenarios tested in the exam.

For more information visit Financial adviser exam.

ASIC is Australia’s corporate, markets and financial services regulator.