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What qualifications do I need to be a financial advisor in Australia?

To become a financial advisor in Australia, secure an approved qualification at bachelor, graduate diploma, or master’s level, or an equivalent certification. Passing the Financial Advisor Examination (FAE) by ASIC is crucial, followed by a year of practical experience. If you hold a foreign qualification, you can seek assessment against local standards.

A financial advisor needs to be a good communicator, have strong analytical skills, and be able to build trust with clients. They should also be detail-oriented and have a strong work ethic.