Educational requirements

Professional standards apply to financial advisers who provide personal advice on relevant financial products to retail clients.

The professional standards require financial advisers to:

  • have an approved qualification
  • pass the financial adviser exam
  • participate in 40 hours of continuing professional development (CPD) each year
  • comply with the Financial Planners and Advisers Code of Ethics 2019 (Code of Ethics) – a set of principles and core values in the areas of ethical behaviour, client care, quality process and professional commitment.

Anyone wanting to become a financial adviser must also complete a full-time professional year that includes at least 1,500 hours of work activities and 100 hours of structured training (a total of 1,600 hours).

More information

News

What's new

More financial services releases

ASIC industry funding

Last updated: 19/04/2023 12:31