Depending on the financial product/s which financial advisers are authorised for, new entrants to the industry may need to obtain an appropriate qualification for the applicable financial products within six years from their date of first appointment (DOFA) for that financial product. Not only is it a regulatory requirement – these competency requirements also have a huge positive impact on the financial services sector in terms of professionalising individuals who are providing financial services.
But which qualifications are ‘acceptable’ qualifications and will meet fit and proper requirements? The FSCA regularly publishes a list of the approved qualifications recognised in terms of section 24 of the 2017 Determination of Fit and Proper Requirements for financial services providers, key individuals and representatives.
Another question facing new entrants is what study path they need to follow in financial planning. If you plan to travel from point A to B without the help of a road map, you could end up somewhere totally different. It is important therefore for financial advisers to plan their career path and the qualifications they choose, especially with a view to obtaining the accreditation of Certified Financial Planner (CFP®).
Moonstone Business School of Excellence (MBSE), an accredited training provider, offers various qualifications en route to various financial planning designations. The Higher Certificate in Wealth Management (NQF5) forms the first step and is the basic qualification needed to operate in the world of financial planning. The next step is the Advanced Certificate in Financial Planning (NQF6) for students who have industry experience and want to pursue further study in Financial Planning, especially if they wish to progress to either the FSA™ or CFP® designations.
MBSE will provide students with a complete service to analyse, evaluate and implement their training needs, or to obtain a full qualification in a cost effective manner.
Preferential payment options
To assist you in achieving these qualifications, and ultimately moving up the financial planning career ladder, Moonstone now offers two payment options for a limited period.
Option 1
Pay a registration fee of R1 500 by the end of February 2020 and pay the balance of the registered modules in three equal payments, i.e. March, April and May to receive a discount of 7.5%.
Option 2
Pay the registered modules in full by end of February 2020 and receive a 15% discount.
To take advantage of this limited offer, apply today!
If you have any questions about this offer, feel free to contact us on help@mbse.ac.za / 021 040 3085 or 021 883 8000.
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