National Certificate in Wealth Management (NQF 5)


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. Learners will be exposed to the important terms, rules, concepts, principles and theories of Wealth Management. This certificate is a building block for learners 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 learners 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 learner in terms of enrichment of the person, status, licensing and recognition.
  • It provides a framework for learners 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 learners to apply academic skills in relation to the workplace.
  • It is structured in such a way that it exposes learners to generic competencies required in the Financial Services Sector at Level 5 and allows for specialisation to meet the needs of different work roles.

Who should attend?

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 Level 5.

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.

Skills programme 1
(30 Credits)
242584Demonstrate knowledge and understanding of the Financial Advisory and Intermediary Services Act (FAIS Act) as it impacts on a specific financial services sub-sector.24E
242593Explain South African money laundering legislation and the implications for accountable institutions in transacting with clients.34E
242574Present a proposal to optimise the tax aspects of the wealth management of an entity.45C
242573Determine the needs and wants of an entity in order to propose an appropriate financial solution.45C
230077Describe the financial life cycle of an individual and how this influences financial decisions.85F
242554Research information in order to assist in conducting a financial risk assessment.75C
117129Apply the regulations for disclosure that are required as part of the financial sales process.25E
Skills programme 2
(32 Credits)
230071Apply basic economic principles to the financial services sector.55F
230075Demonstrate knowledge and insight into the changing nature of the financial services industry and its consumers.65F
242603Apply knowledge of estate planning to propose a financial solution for a specific client.85E
119997Demonstrate knowledge and understanding of risk in a Financial Services environment.55F
242555Develop a potential wealth preservation solution for an entity.85E
Skills programme 3
(30 Credits)
230078Apply the principles of ethics to a business environment.106C
242613Apply technical knowledge and skill to advise an individual on planning for retirement.55E
242589Apply knowledge of business insurance to propose a Long-Term financial solution for a business entity.106E
230070Present an informed argument on a current issue in a business sector.55F
Skills programme 4
(30 Credits)
242601Apply a researched trend to individual financial risk.55C
242567Analyse the product design/ structure of different medical schemes to evaluate the benefits of each scheme.55E
242594Apply knowledge of the different asset classes in order to give financial advice.45C
120075Demonstrate insight into current affairs in the Financial Services sector.105F
242580Apply scenario planning to explain potential risk in a specified financial services context.65C

Learning Material

Learning material is in the form of a learner guide and a learner portfolio of evidence (POE), which contains information as well as activities to complete. The Portfolio of Evidence (POE) 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 (SME) who will assist you with all your academic queries.


Fee per skills programme:

Distance learning (± 30 credits):

Number of learnersCost per learner (incl. VAT)
12 – 30R 5 364.00
30 +Negotiable

Full qualification fee:

The total cost will amount to R 5 364.00 X 4 = R 21 456.00

Fees are payable per semester.

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.


Registration deadline:

Registration for this qualification is open throughout the year for distance learning/ and blended learning. Facilitated classes will be subject to sufficient numbers.

Payment deadline:

Payment needs to be made before the commencement of the skills programme.

Start date and end date:

  • For distance learners this will not be applicable.
  • Facilitated classes will depend on sufficient number of registrations.

Accreditation and Certification


The Qualification consist of Fundamental, Core and Elective Components. To be awarded the Qualification, learners are required to obtain a minimum of 120 credits in line with the component requirements. Certification is done by INSETA.

Method of training

Admission Requirements

  • National Senior Certificate or equivalent NQF 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.


Starting Date 
Distance learners/ online learners/ blended learners:
Facilitated learners:
Depends on sufficient number of registrations 



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

Method of Training
Facilitated learning, Distance learning, Blended Learning

Class Attendance
Depends on chosen method of training

Qualification Duration
1 – 2 years

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


R 21 456.00

4 x R 5 364.00 per skills programme
(Payable per skills programme)