Financial Adviser Professional Standards
The Minister sets the professional standards for financial advisers and approves qualifications.
Financial advisers in Australia provide personal advice to retail clients.
Financial advisers must:
- have an approved qualification
- pass the financial adviser exam
- complete a full-time year of work and training
- take part in continuing professional development.
Financial advisers must follow the Financial Planners and Advisers Code of Ethics 2019.
Treasury
Treasury assesses qualifications on behalf of the Minister.
This website has general information about approved qualifications.
You can use the forms on this website to submit details if you want to:
- as an individual have eligible qualifications assessed for meeting the qualifications standard
- as a higher education provider offer approved qualifications for financial advice
The Australian Securities and Investment Commission
The Australian Securities and Investments Commission (ASIC) oversees the professional standards. For more information, please visit the ASIC website.