The Financial Adviser Standards and Ethics Authority (FASEA) was established in April 2017 to set the education, training and ethical standards of financial advisers, licensed under Australian law.
The minimum education standards to become a financial adviser are changing. We’ve set out the requirements below but get in touch through the contact us page if you have any questions about how the changes affect you.
To become a qualified financial adviser in 2018 you will need:
- RG146 tier 1 qualification – this complies with ASIC’s Regulatory Guide
- An existing university degree – this complies with AMP’s commitment to higher education
If you are looking to achieve your RG416 Tier 1 you can obtain this through a number of Registered Training Organisations (RTO). AMP does not recommend a particular RTO but the following providers offer this qualification, usually delivered within a Diploma of Financial Planning or similar.
- IIT Education iit.edu.au/
- Kaplan kaplanprofessional.edu.au/
- Integrity integrity.edu.au/
- Pinnacle pinnacle.edu.au
- Monarch monarch.edu.au/
- TAFE opencolleges.edu.au/
- Upskilled upskilled.edu.au/
Course content, duration of study and delivery methods vary between training providers so we recommend researching each provider and selecting the one most appropriate for your needs.
If you completed RG146 two or more years ago, you may wish to complete a refresher course as there could have been changes since you completed your qualification. The technical component is an important pre-requisite and assumed knowledge for being a professional financial adviser.