Financial Adviser Exam case studies
Financial Adviser Exam · Put your knowledge to work in context.
The Financial Adviser Exam is the Australian assessment that candidates for work as a financial adviser sit, and it is commonly referred to by its former administrator's name, the FASEA exam. It is aimed at people who intend to provide personal financial advice to retail clients, and at existing advisers who need to demonstrate the standards expected of them. The Financial Adviser Exam case studies are 5 cases and about 2,523 words.
1The Rollover Deadline and the Conflicted Referral
Priya, a licensed adviser, meets Marcus, 58, who holds 610,000 in an employer superannuation-style plan. Marcus wants to roll the balance into a self-managed structure recommended by his brother-in-law, a real estate developer who would hold a 30% stake in a commercial property the fund would buy.
530 words, about 3 min2The Retirement Projection That Ignores a Health Shock
Daniel, 61, earns 145,000 and plans to retire at 65. His adviser, Lena, builds a projection assuming 6% nominal returns, 2.5% inflation, and spending of 72,000 a year.
501 words, about 3 min3The Client Who Wants the Highest Return and Fears Missing Out
Ravi, 34, has 95,000 in savings and no emergency fund. He asks adviser Chloe to put 80% into a concentrated technology fund that has returned 41% over the past year.
495 words, about 2 min4The Income Protection Claim and the Non-Disclosure Trap
Amara, 47, a self-employed physiotherapist, bought income protection two years ago through adviser Ben. At application she told Ben she had seen a chiropractor for recurring lower-back pain but 'it was nothing.' Ben did not include it on the form, reasoning that it was minor and would complicate the application.
495 words, about 2 min5The Trust Distribution and the Capital Gains Timing Question
The Nguyen family trust holds a rental property bought for 480,000 and now worth 910,000, plus shares with 60,000 of unrealised gains. Linh, 66, is the trustee and a beneficiary; her son Bao, 38, is also a beneficiary and earns 210,000.
502 words, about 3 min