question archive Which of the following statement about the new financial advisors training standard from 2019 is the MOST correct? Select one: a
Which of the following statement about the new financial advisors training standard from 2019 is the MOST correct? Select one: a
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Which of the following statement about the new financial advisors training standard from 2019 is the MOST correct?
Select one:
a. RG146 Tier 1 is the minimum and sufficient educational requirement for providing professional personal financial advice.
b. RG146 Tier 2 is the minimum and sufficient educational requirement for providing professional personal financial advice.
c. New financial advisers to retail clients must hold an approved degree or equivalent as determined by FASEA.
d. None of the above.
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Answer:
c. New financial advisers to retail clients must hold an approved degree or equivalent as determined by FASEA.
From January 2019, there was creation of new education and training standards which should apply to all financial advisers in requirement to financial standards for financial advisors.The new standards were to be implemented by The Financial Adviser Standards and Ethics Authority (FASEA )The new financial advisers must have an approved bachelor degree or above or its equivalent as approved by FASEA.
