Press Release | 21 January 2021

Kaplan Professional provides free FASEA exam preparation support

21 January 2021

To assist financial advisers who are still yet to pass the Financial Adviser Standard and Ethics Authority (FASEA) Financial Adviser Examination, the industry’s leading education provider Kaplan Professional will now provide free FASEA exam preparation support.

This includes:

  • Free enrolment into all three versions of the Kaplan Adviser Practice Exam (KAPE)
  • Free monthly webinars focused on how advisers can perform at their best when preparing for, and sitting, the FASEA exam
  • Individual tutoring with experienced industry practitioners for those who need it will also be available at cost

“We want to do as much as we can to support licensees and encourage advisers by providing free access to our comprehensive exam preparation resources,” said Kaplan Professional chief executive officer Brian Knight.

“Kaplan Professional is responding to advice from FASEA that almost half of the advice industry is yet to pass the FASEA exam, and we want to do what we can to help.

“With only five sittings of the FASEA exam remaining after the next round in late January and early February, we believe it is now more important than ever for advisers to focus on their preparation as a matter of priority before they run out of time.

“We hope this will go some way towards helping advisers who are yet to pass with the support they need to sit the FASEA exam with as much confidence as possible.”

KAPE is the most authentic exam preparation resource available in the industry and is designed to simulate the conditions, duration and structure of the FASEA exam.

Questions are written by Kaplan Professional’s subject matter experts and are regularly reviewed to ensure they are in line with FASEA’s latest exam guidance.

To offer more flexibility, advisers will be able to complete each version of KAPE unsupervised in their own time.

Advisers will gain access to an online exam preparation room and receive prompt detailed feedback after they complete KAPE to identify possible areas for improvement.

“We know there are advisers out there who are apprehensive about sitting the FASEA exam or have failed and may be struggling with some self-doubt,” said Mr Knight.

“Kaplan Professional encourages anyone in this position to talk to us about what we can do to personally support you.

“We have had over 6,000 advisers complete KAPE, with many acknowledging its importance as a valuable preparation tool that helped when sitting the actual FASEA exam.

“What we have found is that advisers are actually confident and familiar with most of the content covered in the FASEA exam – the key is to try to get them to feel comfortable with performing at their best under high-pressure exam conditions.”

Mr Knight said advisers who passed the FASEA exam then had until 1 January 2026 to decide whether to complete further study or exit the industry.

“Passing the FASEA exam will give these advisers more time to carefully consider what they want to do going forward, completing ongoing study or thinking through succession strategies.

“It is vital advisers are in the best position they can be to make considered decisions about their future plans,” he said.

Media contact

Tom Baldwin | PR & Communications Specialist
T: (02) 8248 7617
E: tom.baldwin@kaplan.edu.au

 

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