ASIC today released the exam results from the 24th Financial Advisers Exam cycle, held in March 2024.

This is the first exam to reflect the amendments in the Corporations (Relevant Providers—Education and Training Standards) Amendment (2024) Measures No. 1) Determination 2024.

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 March exam cycle:

• 298 people sat the exam;
• 70% (210) passed the exam; and
• 77% (230) 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.

Background

To date, 21,102 individual candidates have sat the exam. Over 19,527 (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.