MyComplianceOffice Blog

The Financial Adviser Standards and Ethics Authority (FASEA) sets education, training and ethical standards for the financial services industry. The body approves qualifications and exams, develops the Code of Ethics, and sets CPD requirements for licensed financial advisers in Australia.

The Australian Financial Adviser Standards and Ethics Authority (FASEA) is responsible for overseeing the professional standards for the financial advice sector. As part of multiple changes set forth in the Corporations Act 2001 (regulated by ASIC) for the industry, a portion is in relation to the education that financial advisors must have to participate in the industry.

[14-April 2011] -- THE Financial Planning Association (FPA) claims its survey of more than 330 Financial Advisors found most firms do not use Financial Advisor Software.