Advanced Certificate in Financial Planning
Business, Commerce and Management Studies - Finance Economics and Accounting
Purpose and Rationale
Qualification Title: Diploma in Financial Planning
Purpose:
- Promote the development of knowledge and skills required in the Financial Planning and Advisory industry.
- Assist learners to achieve their full potential in the Financial Planning sector.
- Enhance opportunities for both existing and prospective learners' career progression in this sector.
- Provide opportunities for life-long learning for individuals in the Financial Planning industry.
- Promote the professional development of the Financial Services Industry in ensuring appropriate qualification levels of financial advisors in line with FAIS legislation and Professional Development norms of The Financial Planning Institute of Southern Africa.
Rationale:
- Industry Importance: Non-compliance with financial legislation has significant consequences, highlighting the need for a specialized qualification.
- Competency: Ensure learners are competent to practice as specialist financial planners and provide professional financial planning services.
- Market Niche: Identified a market need for this qualification to be accredited by a professional body and meet CHE requirements.
- Accreditation: Align the curriculum with FPI requirements for accreditation, allowing graduates to pursue the RFP professional designation exam.
Outcomes
- Analyse the principles of financial planning, investment planning, planning for deceased estates and the law and taxation considerations applicable to financial planning.
- Communicate effectively using verbal, non-verbal and written business communication forms in a workplace environment.
- Apply knowledge of ethics and professional practice by conducting ethical behaviour in a workplace environment.
- Evaluate risk and risk tolerance in the insurance and Financial Planning environment.
Assessment Criteria
Associated Assessment Criteria for Exit Level Outcome 1:
- Identify and categorise role players in the industry and explain the relationship between them.
- Apply specialist technical knowledge to advise a client on risk, retirement, estate planning, health and investment scenarios.
Associated Assessment Criteria for Exit Level Outcome 2:
- Communicate financial solutions to the client in a manner that is understandable and is clear against the background of the requirements of the FAIS legislation.
Associated Assessment Criteria for Exit Level Outcome 3:
- Demonstrate an understanding of ethical behaviour and the way in which ethics inform a code of conduct in the financial planning sector.
- Examine the relationship between ethics and compliance legislation against the background of client interaction, responsible business practice and the contribution to an ethical business environment in South Africa.
Associated Assessment Criteria for Exit Level Outcome 4:
- Identify the challenges and opportunities in the business environment in South Africa and propose ways of addressing these in a financial planning practice.
- Analyse the financial standing of the client to identify needs and risks.
- Propose insurance and investment solutions after applying specialised knowledge to satisfy the needs and wants identified.
Integrated Assessment:
Integrated Assessment will be applied.
Qualification Details
- Type
- Advanced Certificate
- NQF Level
- 06
- Min. Credits
- 120
- SAQA Source
- More Information
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This page includes information from the South African Qualifications Authority (SAQA) . Builtneat Pty Ltd trading as Study Start, has modified all or some of this information. SAQA has not approved, endorsed, or tested these modifications.