Advanced Diploma in Financial Planning (2024)

FAQs

What level is advanced diploma in financial planning? ›

The Level 6 Advanced Diploma in Financial Planning builds on existing skills and knowledge, enabling advisers to develop specialist planning capabilities and offer a sophisticated and comprehensive approach to financial management.

Fellowship of the CII is universally regarded as the premier qualification. Achieving Fellowship of the CII gives financial services practitioners genuine differentiation.

Designed to further develop students' financial and leadership capabilities to gain better, higher-paying, and more purposeful employment that will make a difference in the work environment. SAQA - 109030. NQF Level 7.

Becoming a financial advisor requires at least a bachelor's degree. Some employers seek a bachelor's in accounting, business, law, or economics. Financial planner education includes coursework in taxes, investments, and risk management.

Is advanced diploma equivalent to bachelor degree? That is a common question. Despite some similarities, the two are distinct qualifications. An advanced diploma can typically be finished faster than a bachelor's degree and focuses on practical skills relevant to a particular job.

Level 6 qualification – Advanced diploma or associate degree. Level 7 qualification – Bachelor degree, for example a bachelor of arts. Level 8 qualification – Bachelor honours degree, graduate certificate or graduate diploma. Level 9 qualification – Masters degree, for example a master of business administration.

Financial Planner Salary and Career Growth

According to the U.S. Bureau of Labor Statistics (BLS), personal financial advisors earn a median annual salary of $95,390, more than double the national median salary of $46,310 for all occupations.

A CFP will have mastered more than 100 investment and money management topics. An AIF, on the other hand, will possess a virtually exhaustive knowledge of what it means to be held to a fiduciary standard of care for the financial well-being of clients, employees and beneficiaries.

CFPs help individuals in a variety of areas in managing their finances, such as retirement, investing, education, insurance, and taxes. Becoming a CFP^® is a difficult and stringent process. It requires years of experience, successful completion of standardized exams, a demonstration of ethics, and a formal education.

After obtaining a Diploma, graduates may apply to pursue an Advanced Diploma in a similar or related field as stipulated by the University. Duration of study: Full-time 3 years / part-time 4 years.

What is a Level 4 diploma for financial advisor? ›

The Level 4 Diploma for Financial Advisers (DipFA) is aimed at professionals who are looking to start a career as a financial adviser. Exploring the key information you'll need to qualify as a financial adviser, you'll examine: The purpose and structure of the UK financial services industry.

The essential four-year degree is key to unlocking doors at almost every planning firm, and it's also a required item for achieving the most important certification in the field, the Certified Financial Planner (CFP) credential.

The Bottom Line

A financial planner can be a rewarding job that helps others financially plan for their life goals. It can also be a demanding job with such responsibilities and the necessary knowledge and skills required to do it well.

Level 7 Diploma in Advanced Financial Planning

It will give you the necessary skills to build trust and help consumers in an increasingly complex advice world. The CFP process equips individuals with the following: A financial planning framework that is robust and repeatable.

Further specialisation in a teaching subject, offered through an Advanced Diploma at Level 7, requires cognate studies in that subject at Level 6 in the entry qualification.

A Level 5 qualification is usually studied after competition of a Level 4 qualification, meaning that students are normally, but not always, around 19 years old. This qualification helps students progress to higher education, though they can also lead to a profession in various areas such as nursing or sports science.

3) A Level 6 Diploma (120 credits) student will study a course equivalent to year 3 of an Undergraduate Degree, as well as a qualification that can be used to gain entry into a Postgraduate Diploma or Master's Degree programme.