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Bringing your CFP® Certification to Australia
Bringing your CFP® Certification to Australia
The Financial Advice Association Australia is delighted to support professionals living overseas to bring their CERTIFIED FINANCIAL PLANNER® Designation to Australia.
Join our vibrant and united community of financial advice professionals and benefit from everything else Australia has to offer. Our wonderful country is rich in history and boasts stunning coastlines, bustling cities and exquisite rural areas.
Transferring your Certification
The CFP certification is a global designation that allows professionals to transfer their certification from one Territory to another, via cross border arrangements. In Australia the FAAA offers two forms of the CFP certification – a practising CFP credential for those who are registered on the Financial Advisers Register (FAR), and a non-practising CFP credential for those who are working in a planning role but are not registered on the FAR. If you want to practice as a financial adviser in Australia, you need to meet the requirements – refer to the section below ‘Become a Financial Adviser in Australia’.
Submit your transfer application today
You will need to include the below in your application in order to transfer your CFP certification to Australia:
- Evidence of your current membership in an institutional member of the FPSB
- A letter of good standing from your current membership organisation
- Evidence achieving the CFP designation in your country of origin
- A copy of your university degree/qualification used to obtain the CFP certification
- Your ASIC Financial Advisers Register registration number and current status (if registered)
Once your application has been approved and your application for FAAA membership (in a Practitioner or Affiliate category) has also been approved, your membership will be upgraded to the appropriate CFP professional status.
Become a Financial Adviser in Australia
To work as a financial planner in Australia you need to be employed by an Australian Financial Services Licensee (AFSL) who will register you on the ASIC Financial Advisers Register (FAR).
To become a financial adviser with an AFSL, you need to meet the education standards set out by the Australian Government, pass the ASIC Financial Adviser exam and complete a Professional Year.
Visit the Treasury website for more information on your pathway to providing advice in Australia including foreign qualifications assessments.
Any further questions?
If you have a query or need further guidance please do not hesitate to reach out to the FAAA team
