VIP Exclusive
FASEA Financial Adviser VIP Certification Exam
FASEA — The FASEA Financial Adviser Exam was a mandatory 70-question, 3.5-hour multiple-choice examination administered by ACER on behalf of the Financial Adviser Standards and Ethics Authority (now transitioned to ASIC oversight), covering the Corporations Act Chapter 7 obligations, the FASEA Code of Ethics, and financial advice construction across superannuation, insurance, and investments.
29
Questions
90m
Time Limit
65.00%
To Pass
Question 1 of 29👑 VIP
Priya is a financial adviser who recently discovered that a managed fund she frequently recommends to clients pays her licensee a volume-based rebate — the more clients she places into the fund, the higher the rebate her licensee receives, which indirectly funds her annual performance bonus. Priya has not disclosed this arrangement to clients. Under the FASEA Code of Ethics, which value is MOST directly engaged by this situation?
Questions 2–29 and full explanations are VIP-exclusive.