Further Education and Training (FETC): Wealth Management (NQF4)


The Qualification is a holistic introduction to Wealth Management and Wealth Creation. It enables intermediaries to understand the Wealth Management environment, the legislative requirements and product-related information. Our qualification is aimed at learners with less than four years’ experience, newcomers to the industry, or those who have lots of experience, but would like to brush up on their product knowledge. We developed the skills programmes, covered in this qualification, to provide intermediaries with more options to comply with the requirements of the FAIS Act.


  1. Sell Long-term Category A products (assistance policies including funeral policies), Long-term B1 and B2.
  2. Sell risk policies and guaranteed investments/ savings, recurring policies and annuities other than single premium annuities.

Who should attend?

Learners who require licencing in funeral plans, risk policies, long-term B and guaranteed investments.

This qualification is ideal for:

  • Access to the Financial Services Industry.
  • Entry level financial advisors.

Skills programmes covered

The full qualification of 150 credits is divided into skills programmes of approximately 30 credits each:

  • Each skills programme is an independent programme and one can enrol at any time for these skills programmes.
  • This qualification is unit standard based: Learners will receive credits for each skills programme they finish i.e. you do not have to finish the full qualification to receive credits.
  • At least three skills programmes are compulsory.
  • Two of the skills programmes are mathematics/ mathematical literacy and communication literacy: Learners with a grade 12 certificate with mathematics and two languages present, will be granted possible exemption.
Skills Programme 1
242584Demonstrate knowledge and understanding of the Financial Advisory and Intermediary Services Act 2002 (FAIS) (Act 37 of 2002) as it impacts on a specific financial services sub-sector24E
242593Explain South African money laundering legislation and the implications for accountable institutions in transacting with clients34C
119676Apply skills of customer care in a specific work environment44E
243137Demonstrate skills and techniques required to build a relationship with a client in a financial services environment34E
242655Demonstrate knowledge and understanding of ethical conduct in a business environment44C
117129Apply the regulations for disclosure required that are required as part of the financial sales process24E
120128Apply the law of contract to insurance34E
114966Explain the types of compulsory statutory insurance in South Africa23E
117126Apply knowledge and insight into aspects of the Long-term insurance Act, Act 52 of 199824E
114985Indicate how different needs lead to the development of different Financial Services products43E
114956Describe funeral insurance23E
Skills Programme 2
114970Manage risk in own life33C
114960Investigate the need to provide financially for own retirement33C
117137Describe group insured benefits24E
119478Analyse the different products available in the Long-term industry and the benefits of each54E
120124Demonstrate knowledge of insurable risk34E
243131Describe disability insurance solutions in the context of financial planning44E
243139Investigate dread disease products and their place in wealth management24E
243133Analyse current events reported in the media that could impact on wealth management104C
Skills Programme 3
117127Describe and apply the basic principles of personal income tax34F
117132Explain basic economics33C
117156Interpret basic financial statements44F
117158Investigate ways of managing financial risk in own lives54F
243134Investigate the range of options available for wealth management54C
243142Explain Capital Markets and Capital Market Instruments24C
243144Explain the structure of the financial services industry in South Africa43C
243148Explain Equity Markets and equity market instruments24C
243153Explain basic investment principles44C
243154Explain money markets and money market instruments24C
Skills Programme 4
7468Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues64F
9015Apply knowledge of statistics and probability to critically interrogate and effectively communicate findings on life related problems64F
9016Represent analyse and calculate shape and motion in 2-and 3-dimensional space in different contexts44F

*Note on Skills Programme 4: Learners who passed mathematics or mathematical literacy as a subject in Grade 12 with symbols A-E may be granted 16 credits through concession against these fundamental unit standards at Levels 3 and 4.

Skills Programme 5
Communication & Additional South African Language
119457Interpret and use information from texts53F
119459Write/present/sign for a wide range of contexts54F
119462Engage in sustained oral/signed communication and evaluate spoken/signed texts54F
119465Write/present/sign texts for a range of communicative contexts53F
119467Use language and communication in occupational learning program53F
119469Read/view, analyse and respond to a variety of texts54F
119471Use language and communication in occupational learning program54F
119472Accommodate audience and context needs in oral/signed communication53F

*Note on Skills Programme 5: Learners who passed English as a first or second language as a subject in Grade 12 with symbols A-E may be granted 20 credits through concession against the Communication Unit Standards at levels 3 and 4. Learners who passed an additional South African Language other than the language of business (English) as a first, second or third language as a subject in Grade 12 with symbols A-E may be granted 20 credits through concession against the Communication Unit Standards required as a second language at level 3.

Skills programme 1 – Compulsory
(31 credits)

The majority of these skills programmes mainly consist of legislation like FAIS, FICA, Law of contract, Long-term Insurance Act (LTIA) and compulsory statutory insurance. Learners will learn to apply skills of customer care, client relationships, needs analyses and funeral insurance.

Skills programme 2 – Compulsory
(32 credits)

Learners will demonstrate knowledge and understanding of insurable risk, describe group insured benefits and disability insurance solutions, analyse Long-term products and the benefits of each and how current events in the media, could impact wealth management.

Skills programme 3 – Compulsory
(34 credits)

Learners will have the knowledge to explain basic economics, capital markets and instruments, equity markets, basic investment principles, money markets and instruments. They will learn to investigate a range of options available for wealth management, describe and apply the basic principles.

Skills programme 4 – Elective
(16 credits)

Learners who have passed mathematics in grade 12 will possibly be granted exemption.
If you are not granted exemption, you will learn to apply knowledge of statistics and probability as well as use mathematics to investigate and monitor the financial aspects of personal/ business issues.

Skills programme 5 – Elective
Communication and additional SA Language
(40 credits)

Learners who have passed two languages in grade 12 will possibly be granted exemption.
If you are not granted exemption, you will learn to read, interpret and use information from texts as well as write and engage in oral communication.

Learning Material

  • Learning material is developed for outcome-based training and is developed in conjunction with industry requirements.
  • Learning material is continuously updated with any changes in the market place.
  • Learning material is easy to access and easy to understand without facilitation.
  • Learning material only available in English.

Skills Programme Fees

E-Learning: (per skills programme of ± 30 credits)

2017 fees
Per LearnerCost per learner (incl. VAT)
R 4 220.00

Distance Learning: (± 30 credits)

2017 fees
Number of learnersCost per learner (incl. VAT)
12 – 30R 4 430.00
30 +Negotiable

Cost of facilitated learning (Moonstone provides venue): (± 30 credits)

2017 fees
Number of learnersCost per learner (incl. VAT)
12 – 30R 5 830.00
30 +Negotiable

Cost of facilitated learning (use own venue): (± 30 credits)

2017 fees
Number of learnersCost per learner (incl. VAT)
12 – 30R 5 520.00
30 +Negotiable

Additional Fees:

2017 fees
Cost per learner (incl. VAT)
Credit Analysis fee
(MBSE will analyse your credits. The fee will be deducted from your first enrolment payment.)
R 590.00
Reprinting of material feeR 420.00
Enrolment for specific skills programmes Will depend on your outstanding amount of credits.
Non-attendance fee
(If you confirmed that you will attend a class and you don’t attend, without a valid reason, you will pay a non-attendance fee.)
R 910.00
Rewrite FormativeR 230.00 per unit standard
Rewrite SummativeR 570.00
Concession (Mathematics and LanguagesR 580.00

*Valid reason for non-attendance would be: a medical condition supported by a medical certificate; or death in the family

Re- assessment fees (VAT inclusive)

Summative assessment: : R 570.00
Formative assessment: R 230.00 per unit standard

How do I calculate my fee?

In order for any student to calculate their total fee, we first need to establish your credit score and which skills programmes you should enrol for.

Please refer to our RPL and credit mapping to get started.


Registration deadline:

No deadline


On registration per skills programme or full qualification.

Start date and end date:

  • Will individually be decided with registration.
  • A skills programme takes approximately 8 – 10 weeks to complete.

Accreditation and Certification


After successful completion of each skills programme, the learner will receive a letter from MBSE confirming their results. The Portfolio of Evidence (POE) needs to then be verified and endorsed by INSETA where after the skills programme credits will be added to the INSETA Indicism system for subsequent upload to the National Learner’s Record Database (NLRD). Once the full qualification is completed, INSETA will issue the certificate of competence and MBSE will present it to the learner upon receipt thereof.

Method of training

Admission Requirements

  • No admission requirements.
  • Learners must be able to read and write.
  • Learners will receive an equivalent qualification as a grade 12 certificate.

How to Register?

Each skills programme is an independent programme and one can enrol at any time for these skills programmes. Registration is flexible and can be done 5 days a week for distance learning, online learning, blended learning and facilitated learning. For facilitation, a minimum of 15 candidates are required.


  • After completion of the Portfolio of Evidence, the learners will either courier the proof of evidence to the Assessor or upload on LMS for assessment. Once assessed and the learner is found competent in all the skills programmes, MBSE will contact the candidate to arrange for a closed-book summative assessment.
  • Additional assignments will be handed in on the day of the summative assessment.
  • Summative assessments will take place in one of MBSE’s venues nationally.
  • MBSE will offer remedial assessments if a candidate is not yet competent in one of the skills programmes or summative assessments.
Starting Date 
No restriction 



Registered on the National Qualification Framework (NQF) and quality assured by INSETA

Method of Training
Facilitated learning, distance learning, online learning or blended learning

Class Attendance
Facilitated training – minimum of 15 candidates

Qualification Duration
Minimum of 8 – 10 weeks per skills programme of ± 30 credits

Admission Requirements
No admission requirements


See Skills Programmes Fees below