Experienced Pathway - Analysis of ASIC ‘Live’ Data
ASIC recently announced a ‘live’ Financial Adviser Register (FAR), albeit dated July 25, 2025. It was highlighted in an ASIC Financial Advice Update for August dated August 8. It released the FAR dataset and updated it on August 15 which included the following key data points, for each current adviser in relation to the Experienced Pathway.
Notification from each licensee that their adviser (relevant provider), is relying on the Experienced Pathway - answered Yes, No or blank (no communication)
The date the adviser passed the Financial Adviser Exam
Qualifications marked as going towards the qualification standard required by Jan 1, 2026.
We have analysed the data against today’s ASIC Financial adviser Register. Below is a chart we have created. Note: Total Advisers covered is 15,410
Current Position of Adviser notifying ASIC of intentions to use the Experienced Pathway
Key data points explained:
As of August 21, 2025, there are 15,410 advisers in total.
They are grouped by when they first became advisers, based on ASIC FAR:
Before December 31, 2011
After January 1, 2012
To qualify for the Experienced Pathway (EP), advisers must have started before Dec 31, 2011.
Among those who began by the end of 2011:
4,493 said yes to using EP
1,944 said no
2,590 have not stated their intention
Additionally, 218 advisers who started after 2012 claimed they will use EP, which indicates that ASIC data could be incorrect or advisers have made some errors or a bit of both.
47 advisers said they would use EP but missed the deadline for passing the Financial Adviser Exam of October 2022 in order to qualify for the EP.
Many advisers said no to EP. Reviewing their qualifications against qualifications noted that will count towards 2026 standards:
Only 39.59% of advisers from before 2012 who answered no to EP have qualifications that can be used towards 2026 requirements
94.75% have a degree, though relevance is unclear
Of those (before 2012), who have not communicated (null), only 37.28% have a qualification that could count towards 2026 and 77.80% have a degree, again, relevance is unclear.
By business type, very few Accounting - Limited Advice advisers (who offer restricted advice for SMSFs) have shown interest in continuing into 2026.
In summary, the data is incomplete. ASIC stresses the need for licensees to update advisers details to ensure only qualified advisers can keep working from January 1, 2026. We will provide updates as more information comes in.
