RG 146 Knowledge and Skills Assessment for Newer Advisers
Financial Education Professionals provides training and assessment for less experienced staff (less than 5 years relevant experience in the last 8 years) for:
Knowledge Competency Training and Assessment
We provide training and assessment in the following Knowledge Competencies: CLICK HERE.
Training is provided as Self-Study Courses to allow your staff to develop the knowledge required for each competency in their own time. Once you are ready to sit for the assessment contact us to make arrangements.
Sample Questions
CLICK HERE to see some sample questions for the RG 146 Knowledge Competency Assessments. When you're finished close the active window to return to this page.
Cost
Cost per person is $395.00 + GST per Generic Knowledge competency assessment and $520.00 + GST per person for each Specialist Knowledge competency assessment. This includes a self-study guide and formal closed book assessment for each competency. The cost includes one re-sit, if required. Invoices for individuals must be paid on enrolment. Invoices for financial institutions will be issued on completion of the assessment.
Personal Advice: Skills Competencies Training and Assessment
To comply with both ASIC requirements, those wishing to provide Personal Advice (where one or more of the specific needs, or situation of the clients are taken into account) are required to demonstrate Skills in at least one of the Specialist Knowledge Competency areas.
The same nine (9) skills apply to each of the Specialist Knowledge Competencies. They are:
- Establish a relationship with your client
- Identify your client’s objectives, needs and financial situation
- Analyse your client’s objectives, needs, financial situation and risk profile
- Develop appropriate strategies and solutions to meet these objectives, needs, financial situation and risk profile
- Present appropriate strategies and solutions to your client
- Negotiate financial transactions with your securities clients
- Coordinate the implementation of agreed transactions
- Complete and maintain necessary documentation
- Provide ongoing service to your clients when required by the client
How Skills Assessment Works
Step 1: You identify the Specialist Knowledge Competency area in which you wish to have your Skills assessed.
Step 2: Financial Education Professionals supplies you with a Skills Exercise. You work through this exercise in your own time. Complete it in bullet-point format. Do not complete it in essay form. The Skills Exercise will be used by you in the next step to demonstrate your skills.
Step 3: You can demonstrate your skills to our of Financial Education Professional’s Approved Assessors in one of two ways:
- Individually, you undertake a Workshop with our Approved Assessor in which you demonstrate your skills.
- As part of a small group, you undertake a Workshop with our Approved Assessor in which you demonstrate your skills.
Step 4: If you successfully demonstrate the above nine (9) skills to our Approved Assessor you will have completed this specific requirement for RG 146.
Cost
$395.00 + GST for participation in an individual skills workshop (Sydney CBD location)