CFA Societies Australia and CFA Institute formally applied to the Financial Adviser Standards and Ethics Authority (FASEA) for recognition of the CFA Program and CFA Charter. In August 2019 we were advised that Advisers who hold the CFA designation have been awarded one credit for recognition of prior learning (RPL).

Advisers will also need to have their other relevant studies assessed in order to determine the number of courses, from a total of eight, that need to be completed. A relevant degree will provide four units credit.

Therefore as an example an Adviser holding a relevant degree and the CFA charter will need to complete three units.

Advisers with a non-relevant degree will need to complete six units.

As each adviser may have a different mix of degree and professional designations, we recommend that for guidance on the specific courses required to meet the education standard that Advisers use FASEA’s online Education Pathways tool (link) or apply to FASEA using the Australian Qualification Feedback Service (link).

Advisers need to meet the new education standard by 1 January 2024. For more information on the standards, and a full list currently available courses, visit the FASEA website here.

 

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