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Financial Adviser Examination Preparation Support

Online preparation room

Once you enrol into KAPE, you’ll gain access to online preparation resources. You’ll be provided with login details where you can access preparation material, including:

  • Information about the exam
  • Reference materials relating to each of the three knowledge areas
  • Sample exam questions

Online practice exam

Designed to simulate the structure, duration and exam conditions of FAS’s Financial Adviser Examination*, this online proctored practice exam covers content from FAS’s three knowledge areas:

  • Financial Advice Regulatory and Legal Obligations
  • Applied Ethical and Professional Reasoning and Communication
  • Financial Advice Construction

 

We recommend giving yourself a total of 3.5 hours (including 15 minutes’ reading time) to complete 64 multiple-choice questions and 6 case studies with a number of short-answer questions associated with them.

 

You’ll have access to all three versions of KAPE for 6 weeks from the day your enrolment is activated. 

How much does it cost?

You can enrol in KAPE for $50. This includes three different versions of the practice exam.

How do I access the practice exam?

On enrolment, you’ll gain access to three versions of KAPE with a different set of questions in each based on FAS’s three knowledge areas. To offer more flexibility, you’ll be able to complete each version unsupervised without online proctoring, with one attempt for each version of the exam available. 

You’ll have access to all three versions of KAPE for 6 weeks from the day your enrolment is activated.

Where are the practice exam locations?

KAPE is now delivered remotely. This means you can now sit KAPE in the comfort of your own home or office.

When do I need to sit the practice exam?

You’ll have 6 weeks from when your enrolment is activated to sit all three practice exams. You’ll have access to one attempt of each version of the exam available to you from the day of activation.

What happens after the practice exam?

You’ll be provided with your individual results approximately one week^ after you sit a version of the practice exam. Your results will be made available within KapLearn^^. This will allow you to pinpoint possible areas of improvement prior to sitting FAS’s Financial Adviser Examination.

Please note, you won’t be eligible for CPD points by completing KAPE.

^During periods of significant volume, this timeframe may be extended.
^^KapLearn is Kaplan Professional’s online learning management system.

What are the benefits of sitting KAPE?

The benefits of completing KAPE include:

  • Understand what it’s like to sit a lengthy exam 
  • Identify possible knowledge gaps
  • Help reduce any apprehension about sitting a formal exam
  • Reinforce existing knowledge
  • Practise effective strategies for taking an exam remotely

How many versions of the practice exam are available?

There are three versions of KAPE available with a different set of questions based on FAS’s three knowledge areas. 

You’ll have 6 weeks from when your enrolment is activated to access all three versions of KAPE.

What feedback will I receive on completion of KAPE?

The results for each of the three knowledge areas is a combined grade for the multiple-choice and short-answer questions. Assessor feedback is provided for each attempted short-answer question in each of the knowledge areas. No additional feedback is provided for multiple-choice questions to preserve the integrity of the practice exam.

The pass mark for the practice exam is 65%. It’s possible to pass the overall practice exam without passing each knowledge area.

Exam preparation tutoring sessions

 

Have you sat the Financial Adviser Examination and need to re-sit?

Kaplan Professional is pleased to offer one-on-one tutoring sessions for those who’ve attempted the Financial Adviser Examination and KAPE but are yet to pass.

An experienced industry practitioner will conduct an initial consultation with you based on your results of both the exam and KAPE and will work closely with you on the areas where improvement is required.

Exam preparation tutoring sessions will be available at a cost of $400 + GST. To register your interest, please book a consultation below.

Arrange a personal consultation

All consultations will be treated with respect, empathy and understanding. To arrange an individual or corporate consultation, complete the form below. The information you fill out will help our knowledgeable team offer timely support best suited to your needs.