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Does the wholesale investor test need to change?

SAFAA has issued a discussion paper examining the question of whether the whole sale investor test needs to change. The SAFAA paper includes discussion on whether there is evidence of harm to support calls for change and how the test is applied.

Loss of purchasing power emerges as key investment risk

Financial advisers face an unfamiliar risk this year when constructing and maintaining client portfolios: the loss of investor purchasing power as inflation rises. Signs of higher inflation abound.

The quality of advice review - terms of reference

SAFAA recommends that the terms of reference be amended to include a consideration of how the regulatory framework could better enable the provision of the full range of financial advice, not just financial planning advice.

China remains a high value target zone

The recent wave of regulatory reform in China has been highly visible, resulting in a knee-jerk reaction among investors, some of whom are questioning the viability of investing in China. There is precedence for major policy reforms, although historically not at this pace.

New education standards put the profession back on a sustainable footing

The Government’s proposals to reset education standards for financial advisers have been welcomed by SAFAA as restoring common sense to education standards to the benefit of Australians needing by putting the profession back on a sustainable footing.

How do I become a Stockbroker

• Undertake a relevant degree
• Complete an ethics course
• Become RG146 accredited
• Sit the Financial adviser exam

The Stockbrokers and Financial Advisers Association (SAFAA) is the professional body for the stockbroking and investment advice industry in Australia, representing 8,000 professionals. Principal Members are Market Participants and Advisory firms that provide securities and investment advice, execution services and equity capital-raising for Australian investors, both retail and wholesale, and for businesses. Practitioner Members are suitably qualified professionals who are employed in the securities and derivatives industry.

Member benefits

Accredited education

Finance professionals can accelerate their careers with leading accredited courses.

Help shape the profession

We provide members with an opportunity to come together with their peers to shape the future of the industry.

Annual conference

The flagship event to equip stockbrokers and investment advisers to embrace technological, social and regulatory change.

Professional development

Meet your ongoing CPD requirements with member access to free CPD webinars.

CPD store

We maintain a CPD store with details of all the education and training courses taken by members, going back to 2001.


Read more about our membership options.