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Interactive video based online training to get you exam ready
The FASEA Exam Prep IQ module is an online training designed by industry specialists to bring you up to speed as quickly as possible. It's pragmatic, detailed and backed-up by reference materials to support you.
FPA Accreditation: 20619 Total 5.5 CPD Hours
What’s included?
All the FASEA prescribed topics explained
Exam style embedded quiz questions test and refine your knowledge
Detailed reference notes for further study
24/7 access with 3 months to complete
Ability to access training on devices - you can complete it on your phone!
The requirements under the Financial Adviser Standards and Ethics Authority (FASEA) represent a seismic shift in the management and delivery of financial advice.
For existing advisers, the FASEA exam must be passed to maintain your status as a Financial Adviser. If advisers do not pass the exam within the relevant time period, your existing work and experience will not be recognised and you will need to meet the criteria set for new entrants to the market.
Overview Financial Advice Regulatory and Legal Obligations
Obligations under Chapter 7 (financial services and markets), Corporations Act 2001
The Statement of Advice (SOA) and the essential requirements
Implications of breaching the financial disclosure obligations
Breaches and the notification obligations – when a breach has occurred and what you need to do
The legal requirements for individual and licensee
Anti-money laundering and the Counter-Terrorism Financing rules – the legal requirements when providing advice
Privacy obligations under the Privacy Act when providing financial advice
Compliance with the Tax Agents Services Act requirements as a registered Tax Adviser
Overview Applied ethical and professional reasoning and communication
FASEA CPD hours 2.25 hours: Professionalism and ethics
Applied ethical and professional reasoning and communication
So, you think ethics is ‘soft’? We explore the requirements under FASEA and the border line issues that will test your knowledge and compliance with the Code.
The FASEA Code of conduct – what you are required to do and how you need to act?
The Code of Ethics explored:
The Code’s impact and importance for planners and advisers
What the code means in real life client scenarios – dilemmas and issues
Applying the Code and your professional standards
Acting in the best interests of your client – what that really means
Due diligence and your clients files and records – the essential internal processes to maintain compliance
Putting ethics in practice
Overview Financial Advice Construction
FASEA CPD Hours: 0.75 hours: Client care and practice 0.75 hours: Regulatory compliance and consumer protection
Financial Advice Construction
Key steps in the advice process
When are you giving advice?
Fee disclosure and renewal requirements
Identifying and aligning advice to different consumer groups
Understanding the environment in which financial product advice is sought and given for new and existing clients
Key documentation requirements
Meeting your client best interest duty
Preventing misconduct and inappropriate advice
Evaluating and applying advice strategies for different retail clients
Conrad Gilbert
Professionalism & Ethics Adviser Knowledge Shop
CFP, Dip FP, B Comm, Grad Dip RS, MBA
Conrad has spent his career working in and exploring financial advice and now brings the practical and technical together in his role with Knowledge Shop. Conrad works with accountants and advisers to navigate the practical impact of the new financial services regime on them, their practice and their clients.
A sessional academic at Griffith University, Conrad held senior executive roles with national financial planning networks and was a former financial advice specialist with BT and Cooper Reeves.
Conrad holds an MBA from the University of Qld, a Bachelor of Commerce from Griffith University and a Diploma of Financial Planning (DipFP) with Deakin University.
Conrad Gilbert
Professionalism & Ethics Adviser, Knowledge Shop
Investment
Prices are per person access to the 3 FASEA Exam Prep Modules.
Need group rates? Call (or email) Lee Marshall on 02 8916 4212.
Terms & conditions: All registrations to Knowledge Shop training and events are subject to our terms and conditions which include a cancellation policy. No refunds are available once the IQ training has been accessed.
Requirements
You will need a computer or device with audio and access to the internet.
To view the modules on a device, download the Velpic Learn app - from the Apple Store or Google Play
