At Moonstone Business School of Excellence, we are proud to offer widely recognised Wealth Management courses. 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.
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- Postgraduate Diploma in Financial Planning (NQF 8)
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- Higher Certificate: Wealth Management (NQF 5)
- Higher Certificate in Short-Term Insurance (NQF 5)
- Further Education and Training (FETC): Short Term Insurance (NQF 4)
- Further Education and Training (FETC): Wealth Management (NQF 4)
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Further Education and Training: Wealth Management
At Moonstone Business School of Excellence, we are proud to offer widely recognised Wealth Management courses. 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 students 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.
WHAT WILL THE WEALTH MANAGEMENT COURSES ENABLE YOU TO DO?
- Sell Long-term Category A products (assistance policies including funeral policies), Long-term B1 and B2.
- Sell risk policies and guaranteed investments/ savings, recurring policies and annuities other than single premium annuities.
WHO SHOULD APPLY FOR THE WEALTH MANAGEMENT COURSES?
Students who require licensing in funeral plans, risk policies, long term B and guaranteed investments.
Content
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: students 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/mathematics literacy and communication literacy: students with a grade 12 certificate with mathematics and two languages present, will be granted possible exemption.
| Skills Programme 1 | ||||
| CODE | U/S TITLE | CREDITS | LEVEL | TYPE |
| 242584 | Demonstrate 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-sector | 2 | 4 | E |
| 242593 | Explain South African money laundering legislation and the implications for accountable institutions in transacting with clients | 3 | 4 | C |
| 119676 | Apply skills of customer care in a specific work environment | 4 | 4 | E |
| 243137 | Demonstrate skills and techniques required to build a relationship with a client in a financial services environment | 3 | 4 | E |
| 242655 | Demonstrate knowledge and understanding of ethical conduct in a business environment | 4 | 4 | C |
| 117129 | Apply the regulations for disclosure required that are required as part of the financial sales process | 2 | 4 | E |
| 120128 | Apply the law of contract to insurance | 3 | 4 | E |
| 114966 | Explain the types of compulsory statutory insurance in South Africa | 2 | 3 | E |
| 117126 | Apply knowledge and insight into aspects of the Long-term insurance Act, Act 52 of 1998 | 2 | 4 | E |
| 114985 | Indicate how different needs lead to the development of different Financial Services products | 4 | 3 | E |
| 114956 | Describe funeral insurance | 2 | 3 | E |
| 31 | ||||
| Skills Programme 2 | ||||
| CODE | U/S TITLE | CREDITS | LEVEL | TYPE |
| 114970 | Manage risk in own life | 3 | 3 | C |
| 114960 | Investigate the need to provide financially for own retirement | 3 | 3 | C |
| 117137 | Describe group insured benefits | 2 | 4 | E |
| 119478 | Analyse the different products available in the Long-term industry and the benefits of each | 5 | 4 | E |
| 120124 | Demonstrate knowledge of insurable risk | 3 | 4 | E |
| 243131 | Describe disability insurance solutions in the context of financial planning | 4 | 4 | E |
| 243139 | Investigate dread disease products and their place in wealth management | 2 | 4 | E |
| 243133 | Analyse current events reported in the media that could impact on wealth management | 10 | 4 | C |
| 32 | ||||
| Skills Programme 3 | ||||
| CODE | U/S TITLE | CREDITS | LEVEL | TYPE |
| 117127 | Describe and apply the basic principles of personal income tax | 3 | 4 | F |
| 117132 | Explain basic economics | 3 | 3 | C |
| 117156 | Interpret basic financial statements | 4 | 4 | F |
| 117158 | Investigate ways of managing financial risk in own lives | 5 | 4 | F |
| 243134 | Investigate the range of options available for wealth management | 5 | 4 | C |
| 243142 | Explain Capital Markets and Capital Market Instruments | 2 | 4 | C |
| 243144 | Explain the structure of the financial services industry in South Africa | 4 | 3 | C |
| 243148 | Explain Equity Markets and equity market instruments | 2 | 4 | C |
| 243153 | Explain basic investment principles | 4 | 4 | C |
| 243154 | Explain money markets and money market instruments | 2 | 4 | C |
| 34 | ||||
| Skills Programme 4 Mathematics | ||||
| CODE | U/S TITLE | CREDITS | LEVEL | TYPE |
| 7468 | Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues | 6 | 4 | F |
| 9015 | Apply knowledge of statistics and probability to critically interrogate and effectively communicate findings on life related problems | 6 | 4 | F |
| 9016 | Represent analyse and calculate shape and motion in 2-and 3-dimensional space in different contexts | 4 | 4 | F |
| 16 | ||||
*Note on Skills Programme 4: students 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 | ||||
| CODE | U/S TITLE | CREDITS | LEVEL | TYPE |
| 119457 | Interpret and use information from texts | 5 | 3 | F |
| 119459 | Write/present/sign for a wide range of contexts | 5 | 4 | F |
| 119462 | Engage in sustained oral/signed communication and evaluate spoken/signed texts | 5 | 4 | F |
| 119465 | Write/present/sign texts for a range of communicative contexts | 5 | 3 | F |
| 119467 | Use language and communication in occupational learning program | 5 | 3 | F |
| 119469 | Read/view, analyse and respond to a variety of texts | 5 | 4 | F |
| 119471 | Use language and communication in occupational learning program | 5 | 4 | F |
| 119472 | Accommodate audience and context needs in oral/signed communication | 5 | 3 | F |
| 40 | ||||
*Note on Skills Programme 5: Students who passed English as a first 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. Students 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. Students will learn to apply skills of customer care, client relationships, needs analyses and funeral insurance.
Skills Programme 2 – Compulsory
(32 credits)
Students 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)
Students 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
Mathematics
(16 credits)
Students 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)
Students 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.
Fees
Payment is made per Skills Programme. A discount will apply if the full qualification is paid upfront. Please contact our office for more information: help@mbse.ac.za
Dates
Applications:
Applications are open throughout the year.
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 150 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 National Learner Records Database (NLRD).
Method of training
- Online learning
- Facilitated learning (available to groups of 15 and more)
Admission Requirements
-
Students must be able to read and write.
How to Apply?
Assessments
- After completion of the Portfolio of Evidence, the students will either courier the proof of evidence to the Assessor or upload on LMS for assessment. Once assessed and the students 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.
- Should the candidate be unsuccessful in the Skills Programmes on the Portfolio of Evidence, MBSE will contact the candidate to apply for a rewrite on these Skills Programmes.
- Once Competent MBSE will arrange for the Summative Assessment.
overview
Starting Date
All year
Application / Registrations:
Are open throughout the year.
Method of Training
Online learning
Facilitated Learning (groups of 15+)
Course Duration
3 to 6 months per Skills Programme
Admission Requirements
Students must be able to read and write.
Fees:
Click here for fees, payment options and finance providers.
Download Brochure
QUALIFICATIONS
- Postgraduate Diploma in Financial Planning (NQF 8)
The qualification is designed to provide advanced financial planning skills, knowledge, attitudes and values in the areas of Financial Management, Asset Management, Investment Planning, Risk Management, Tax Planning, Retirement Planning, Estate Planning and Ethics in order to produce graduates to meet the growing need for financial planning professionals in SA.
- Advanced Certificate in Financial Planning (NQF 6)
The Advanced Certificate in Financial Planning (ACFP) provides the skills and knowledge required to provide holistic financial planning services to the ‘man in the street’ and prepares you for further specialised studies in financial planning. The ACFP also addresses the education requirement to obtain the FINANCIAL SERVICES ADVISOR™ (FSA™) designation awarded by the Financial Planning Institute of South Africa (FPI). Please visit: www.fpi.co.za for more information on ‘a career in financial planning’.
- Occupational Certificate: Compliance Officer (NQF 6)
Companies and organisations are required to comply with various regulations and legislative requirements. Moonstone Business School of Excellence’s Occupational Certificate: Compliance Officer (NQF level 6) qualification equips students with these expert skills, and practical experience in legal matters, compliance risk management as well as the compilation, implementation and reporting of compliance strategies.
- Higher Certificate in Wealth Management (NQF 5)
The Higher Certificate in Wealth Management (HCWM) provides an ideal entry point into the financial services industry in various roles, or to kickstart your career in financial planning. The HCWM is recognised by the Financial Services Conduct Authority for all product sub-categories of Category I FSPs, and can be used to fulfil fit and proper requirements for FAIS roles in Category I FSPs.
- Higher Certificate in Short-Term Insurance (NQF 5)
The qualification covers Short-term Insurance related learning and provides a framework for students to develop competencies that will give them insight into the short-term sub-sector. It introduces a basic understanding of the key terms, rules, concepts and principles of the fields that will prepare them for the industry.
- Further Education and Training (FETC): Short Term Insurance (NQF 4)
The qualification covers Short-term related learning and provides a framework for students to develop competencies that will give them insight into the Short-term insurance sub-sector. It introduces a basic understanding of the key terms, rules, concepts and principles of the fields that will ready them for the industry.
- Further Education and Training (FETC): Wealth Management (NQF 4)
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 students 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.
Short Courses
- National Credit Act
The National Credit Act No 34 of 2005 was passed by Parliament on the 10th of March 2006. It is designed to achieve a number of objectives, most of which are to benefit and protect the consumer. The aim is to introduce a single, functional system of regulation that will apply to all credit activities, thereby ensuring that all credit providers and credit consumers are treated equally.
- Getting to know FICA
The course will cover money laundering, terrorist financing and proliferation financing. It explains South Africa’s legislative framework to combat these financial crimes and penalties and administrative sanctions that can be imposed by the FIC. Theoretical knowledge of FICA for all staff members irrespective of whether they are a part of the transaction process within an accountable institution or not.
- Understanding FICA
The FICA Awareness Training is aimed at employees of accountable institutions and covers basic money-laundering and terrorist financing concepts, anti-money-laundering legislation in South Africa, the risk-based approach, and looks at the requirements for customer due diligence, reporting of certain transactions and record-keeping requirements.
- Managing FICA
This course is designed to assist FICA Compliance Officers and Money Laundering Reporting Officers of accountable institutions and reporting institutions in understanding the Financial Intelligence Centre Act 38 of 2001 (“FICA”) (and incidental legislation) at a greater depth.
- Getting to Know POPIA
Moonstone Business School of Excellence (MBSE) offers an interactive video training course for organisations to raise awareness of POPIA amongst all their employees. The course provides an overview of the purpose and application of the Protection of Personal Information Act (POPIA) as well as the eight data protection principles of POPIA. The main objective of this course is to provide an awareness for how and when POPIA should be applied to protect personal information.
- Understanding POPIA
Moonstone Business School of Excellence (MBSE) offers a three-module online training course for organisations employees’ that will be required to comply with the Protection of Personal Information Act (POPIA). The main objective of this course is to provide an understanding of why POPIA is important, what constitutes as personal information as well as when and how POPIA must be applied to protect personal information.
- Managing POPIA
Moonstone Business School of Excellence (MBSE) offers a comprehensive three-module online training course for executives or management to effectively govern the application of the Protection of Personal Information Act (POPIA) within their organisations.
- Entrepreneurship
An entrepreneur is someone who creates new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying business opportunities and assembling the necessary resources, structures and procedures to capitalize on those opportunities.