National Certificate: Wealth Management Qualification SAQA ID 66613/57917 at Level 5 minimum of 120 credits.

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The programme incorporates the FAIS Fit and proper requirements of the National Certificate: Wealth Management Qualification SAQA ID 66611 at Level 5 minimum of 120 credits.

What are the minimum entry level learning requirements to enrol?
• Grade 12
It is assumed that a learner will be competent in:
• Communication at NQF Level 4 in two (2) official South African Languages (Essential)
• Mathematics at NQF Level 4 an advantage – Gr 12 Mathematics

FAIS ACT Sub Catagories of Insurance

1.1 Long Term Insurance A
1.2 Short Term Personal Lines
1.3 Long Term Insurance B1
1.4 Long Term Insurance C
1.5 Retail Pension Benefits
1.6 Short Term Commercial Lines
1.7 Pension Funds Benefits (excl Retail)
1.8 Securities & Instruments : shares
1.9 Securities & Instruments : Money market instruments
1.10 Securities & Instruments : Debentures and securities debt
1.11 Securities & Instruments : Warrants, certificates & other inst
1.17 Deposits Defined in Banks Act exceeding 12 months
1.12 Securities & Instruments : Bonds
1.14 Participatory interests in collective investment schemes
1.15 Foreign currency denominated investment instruments
1.16 Health Service Benefits
1.13 Securities & Instruments : Derivative instruments
1.18 Deposits defined in Banks Act 12 month or less
1.19 Friendly Society Benefits
1.20 Long Term Insurance B2
KI - Key Individual

The purpose of the National Certificate: Wealth Management Level 5 is to build the knowledge and skills required by employees in Wealth Management who have achieved a Qualification equivalent to NQF Level 4, preferably in a Financial Services related field, and are ready to study at Level 5. It is intended to empower learners to 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.

As a Qualification in Wealth Management, it provides a framework for learners to develop competencies related to the Long Term Insurance Sub-Sector, which includes Life Benefits, Retirement Funds and Medical Scheme Administration, 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. The Qualification 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.

The National Certificate: Wealth Management: Level 5 is a building block for learners who wish to follow a career path in Financial Services within Long-Term Insurance and Investment. The skills, knowledge, values and attitudes reflected in the Qualification are building blocks that can be developed further at Level 6.

The Qualification has relevance for learners in Retirement Funds and Medical Schemes, 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 Mangers who support Advisors and have a back office function, Collective Investment Scheme Managers, Account Executives and Compliance Officers.

The National Certificate: Wealth Management: NQF Level 5 is intended for:

• Intermediaries who need a level 5 qualification for licensing in Long-Term Category C under the Financial Advisory and Intermediary Services Act (FAIS). These may be intermediaries in Long-Term Insurance, Retirement Funds or Medical Schemes who do not give investment advice.
• Intermediaries who need a level 5 qualification for licensing in Category 1 (non-discretionary) under the Financial Advisory and Intermediary Services Act (FAIS). These advisors advise clients on existing collective investment scheme portfolios or financial products. It does not qualify learners to construct investments. Note that Learners requiring Category II licensing (discretionary financial service providers) require a Level 6 qualification.
• Financial Planners who wish to acquire the basic knowledge and competencies required for international recognition as a Personal Financial Planner and who intend to apply for a voluntary competency assessment to qualify for the international ISO 22222:2005 and SANS 22222:2006 Personal Financial Planning standards.
• Have attained a Level 4 Insurance and Investment Qualification and wish to progress to the next level.
• Have achieved a B. Comm. Degree and require a post graduate qualification with a specialisation in Retirement Funds, Long-Term Insurance, Financial Planning, Collective Investments or Medical Schemes.

FAIS ACT SUB CATEGORIES OF INSURANCE
1.1 Long Term Insurance A
1.2 Short Term Personal Lines
1.3 Long Term Insurance B1
1.4 Long Term Insurance C
1.5 Retail Pension Benefits
1.6 Short Term Commercial Lines
1.7 Pension Funds Benefits (excl Retail)
1.8 Securities & Instruments : shares
1.9 Securities & Instruments : Money market instruments
1.10 Securities & Instruments : Debentures and securities debt
1.11 Securities & Instruments : Warrants, certificates & other inst
1.17 Deposits Defined in Banks Act exceeding 12 months
1.12 Securities & Instruments : Bonds
1.14 Participatory interests in collective investment schemes
1.15 Foreign currency denominated investment instruments
1.16 Health Service Benefits
1.13 Securities & Instruments : Derivative instruments
1.18 Deposits defined in Banks Act 12 month or less
1.19 Friendly Society Benefits
1.20 Long Term Insurance B2
KI - Key Individual

Contact Details

Contact Person: 

Isobel Rose or Meloney Harris
Course Details

NQF Level: 

Level 4

Credits: 

120

Course Delivery Method: 

E-learning E-learning

Blended Blended

In Class In Class

Distance Distance

Presented Presented Courses

In House In-House

On Demand On Demand

Course Duration: 

12 months

Cost: 

R700.00 + vat per unit standard (e-learning only). Learnerships also available

Course fee Includes: 

FREE credit mapping. Learner material,assessment tools, first assessment and first moderation