National Certificate in Wealth Management (NQF 5)

National-Certificate-in-Wealth-Management

The National Certificate in Wealth Management will provide students with a wide range of specialised and technical skills, as well as knowledge of the applicable legislation, economic principles and the financial services industry in general. Students will be exposed to the important terms, rules, concepts, principles and theories of Wealth Management. This certificate is a building block for students who wish to follow a career path in Financial Services within Long-Term Insurance and Investment.

The National Certificate in Wealth Management will be sufficient for all requirements determined by the FAIS Act needed by financial advisors, brokers and administrators.

What will the qualification enable you to do?

The purpose of the ‘National Certificate: Wealth Management’ qualification is to build the knowledge and skills required by employees in Wealth Management (who have achieved a Qualification equivalent to NQF Level 4) that are ready to study at Level 5.

  • It is intended to help students acquire knowledge, skills, attitudes and values required to operate ethically and responsibly in the highly regulated Financial Services environment and to respond to the challenges posed by the changing nature of the Financial Services Industry.
  • It should add value to the qualifying students in terms of enrichment of the person, status, licensing and recognition. It provides a framework for students to develop competencies related to the Long-term Insurance Sub-sector, which includes Life Benefits, Retirement Funds, as well as the Collective Investment Sub-sector, Wealth Creation and Wealth Management.
  • It provides a balanced learning experience and an opportunity for students to apply academic skills in relation to the workplace.
  • It is structured in such a way that it exposes students to generic competencies required in the Financial Services Sector at NQF Level 5 and allows for specialisation to meet the needs of different work-roles.

WHO SHOULD ENROL?

Intermediaries including, but not limited to, Financial Advisors, Personal Financial Planners, Financial Services Call Centre Agents, Client Service Providers, Brokers, Broker Consultants, Retirement Fund Consultants, Retirement Fund Administrators, Trust Fund Officers, Product Developers, Consultants who advise on product structure of Retirement Funds, Principal Officers, Trustees, Medical Scheme Consultants, Senior Administrators, Retail Managers who support Advisors and have a back office function, Collective Investment Scheme Managers, Account Executives and Compliance Officers.

This qualification is ideal for:

  • Access to the Financial Services Industry.
  • Entry level financial advisors.
  • The Qualification is a holistic introduction to Wealth Management and Wealth Creation.

Skills Programmes covered

The purpose of the ‘National Certificate: Wealth Management’ qualification is to build the knowledge and skills required by employees in Wealth Management (who have achieved a Qualification equivalent to NQF Level 4) that are ready to study at NQF Level 5.

This qualification is Unit Standard-based: students will receive credits for each Skills Programme they finish i.e. you do not have to finish the full qualification to receive credits.

Skills programme 1
(30 Credits)
CODE UNIT STANDARD TITLE CREDITS LEVEL TYPE
242584 Demonstrate knowledge and understanding of the Financial Advisory and Intermediary Services Act (FAIS Act) as it impacts on a specific financial services sub-sector. 2 4 E
242593 Explain South African money laundering legislation and the implications for accountable institutions in transacting with clients. 3 4 E
242574 Present a proposal to optimise the tax aspects of the wealth management of an entity. 4 5 C
242573 Determine the needs and wants of an entity in order to propose an appropriate financial solution. 4 5 C
230077 Describe the financial life cycle of an individual and how this influences financial decisions. 8 5 F
242554 Research information in order to assist in conducting a financial risk assessment. 7 5 C
117129 Apply the regulations for disclosure that are required as part of the financial sales process. 2 4 E
30
Skills programme 2
(32 Credits)
CODE UNIT STANDARD TITLE CREDITS LEVEL TYPE
230071 Apply basic economic principles to the financial services sector. 5 5 F
230075 Demonstrate knowledge and insight into the changing nature of the financial services industry and its consumers. 6 5 F
242603 Apply knowledge of estate planning to propose a financial solution for a specific client. 8 5 E
119997 Demonstrate knowledge and understanding of risk in a Financial Services environment. 5 5 F
242555 Develop a potential wealth preservation solution for an entity. 8 6 E
32
Skills programme 3
(30 Credits)
CODE UNIT STANDARD TITLE CREDITS LEVEL TYPE
230078 Apply the principles of ethics to a business environment. 10 6 C
242613 Apply technical knowledge and skill to advise an individual on planning for retirement. 5 5 E
242589 Apply knowledge of business insurance to propose a Long-Term financial solution for a business entity. 10 6 E
230070 Present an informed argument on a current issue in a business sector. 5 5 F
30
Skills programme 4
(30 Credits)
CODE UNIT STANDARD TITLE CREDITS LEVEL TYPE
242601 Apply a researched trend to individual financial risk. 5 5 C
242567 Analyse the product design/ structure of different medical schemes to evaluate the benefits of each scheme. 5 5 E
242594 Apply knowledge of the different asset classes in order to give financial advice. 4 5 C
120075 Demonstrate insight into current affairs in the Financial Services sector. 10 5 F
242580 Apply scenario planning to explain potential risk in a specified financial services context. 6 5 C
30

Learning Material

Learning material is in the form of a learner guide and a Portfolio of Evidence (POE), that will be handed in for assessment.

In the event that you are unable to understand a question, you can contact us and we will put you in contact with one of our Subject-matter Experts to guide you in answering your questions.

Fees

Fee per Skills Programme:

Distance learning (± 30 credits):

Number of students Cost per student (excl. VAT)
12 – 30 R 5 000.00
30 + Negotiable

Full qualification fee:

The total cost will amount to R 5 000.00 X 4 = R 20 000.00

Fees are payable per Skills Programme. There are four Skills Programmes.

Cancellation fee:

  1. In case of a cancellation after registration, but before material is received, a 50% cancellation fee will apply.
  2. A 100% cancellation fee (thus no refund) will apply if any material has been received.

Additional fees:

Please refer to the terms and conditions.

Dates

Registration deadline:

Registration for this qualification is open throughout the year for distance learning.

Payment deadline:

On registration per Skills Programme or full qualification.

Start date and end date:

  • On registration per Skills Programme or full qualification.
  • A Skills Programme takes approximately 3 months to complete.

Accreditation and Certification

Certification

The Qualification consist of Fundamental, Core and Elective components. To be awarded the qualification, students are required to obtain a minimum of 120 credits in line with the component requirements. Certification will occur as soon as all the relevant unit standards toward the qualification have been completed, verified and endorsed by INSETA and uploaded onto the INSETA Indicium System.

Method of training

Admission Requirements

  • National Senior Certificate or equivalent NQF level 4 certificate (English and an additional South African language passed).

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, blended learning and facilitated learning. For facilitation, a minimum of 15 candidates are required.

Assessments

Download brochure above

overview
Starting Date 
Distance learners:
N/A 

 

Qualification

INSETA Qualification: students will receive credits for the Skills Programmes they complete.

Method of Training
Distance Learning

Qualification Duration
1 year

Admission Requirements
National Senior Certificate (Grade 12) or equivalent certificate

Fee:

R 20 000.00
(excl. VAT)

4 x R 5 000.00 per Skills Programme
(Payable per Skills Programme)

The National Certificate in Wealth Management will provide learners with a wide range of specialised and technical skills, as well as knowledge of the applicable legislation, economic principles and the financial services industry in general.