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AFA Adviser (includes Core Knowledge, Financial Advice & Investment)

L5AFAFQ
Price:
$3,474.00 +GST Non-member
$3,191.00 +GST Learning Partner
$2,904.00 +GST IBANZ Member

Designed for financial advisers providing personalised financial advice, Authorised Financial Advisers (AFA's); financial planners, investment advisers, investment product managers.

This option offers the full Qualification as per the Financial Advice strand (Core Knowledge module + Financial Advice module) and also includes the Investment module. This exceeds the credits required to gain the full qualification but satisfies the FMA requirements for an AFA adviser.

For those working it is expected to take 18 months part time. 

The Skills Organization assess Unit Standard 25650-53 and 26360, and our price includes their fees.

This option includes the following Modules

Core Knowledge

Content 

This module provides an understanding of the level of professionalism required in the financial services industry. You will gain an understanding of the wider financial services environment and research fit for purpose financial or insurance solutions.  Details of the unit standards included in this module are shown below. (NZQA 40 Credits)

In order to gain the certificate in Financial Services Level 5 this module is a core compulsory component, ie it must be completed in conjunction with another module to complete the full qualification strand

Assessment

2 study guides are provides for these four unit standards, and the assessment is predominantly evidence based. This means actual workplace examples of clients are used to demonstrate that you can put into practice the learning contained within the study guide.

Documents can be uploaded using the student dashboard function, scanned and email to your tutor, or posted to our offices. note that client names should be removed.

Approximate time frames for this module is.6.5 months.


Financial Advice

Content 

This module provides an understanding of the legislative and regulatory requirements of category 1 advisers, and outlines the application of the six step financial advice process method used to provide professional client service. (NZQA 30 Credits)

This module is compulsory for Authorised Financial Advisers (AFA) and is equivalent to Legislative Framework & Advice Process of the National Certificate of Financial Services Level 5. 

Assessment 

1 study guide is provided across all unit standards within this module. Unit standards 25650-25653 are assessed using evidence based assessment.

This means actual workplace examples of clients are used to demonstrate that you can put into practice the learning contained within the study guide.

Assessment documents are required to be submitted directly to the Skills Organization.

Unit standard 26360 is also assessed by exam at the Skills Organization premises, and you will be required to book an attendance at their locations using their online booking facility. You can find out more about the skills organization assessment process here.

The costs for Skills assessment are included in our pricing below.

Approximate time frames for this module is 4.7 months.


Investment

Content 

This module provides an understanding of investment concepts, as well as the regulatory and legislative environment in which they are required to operate. You will apply the principles of investment analysis through knowledge of products and services to provide client focused investment solutions. This module is compulsory for Authorised Financial Adviser status. (NZQA 25 Credits)

Assessment

A study guide is provided for each unit standard along with an assessment document.

Assessment is by way of 3 written assessment documents which can be downloaded from your dashboard. 

Work can be completed either as a word document, or similar, or written. On completion work can be uploaded on your student dashboard for the tutor to assess.

Approximate time frames for this module is 4 months.

These Modules include the following Unit Standards


Learning Units Included

Financial Services Best Practice and Professionalism

28363

 This unit standard is one of 4 that make up the Core Knowledge module. In this unit you will gain an understanding of:

  • Best practice and professionalism in respect of client care, ethical behaviour, and process
  • Common estate planning and taxation concepts 
  • The financial advice Six Step Process and its applicability in achieving appropriate solutions for clients 
Objectives
  • Demonstrate knowledge of and, where appropriate, comply with best practice and professionalism in respect of client care, ethical behaviour, and advice process.
  • Demonstrate understanding of the financial advice Six Step Process and its applicability in achieving appropriate solutions for clients.
  • Demonstrate understanding of common estate planning tools and taxation measures.


Regulatory Environment

28364

 This unit is one of 4 unit standards that make up the Core Knowledge module. In the unit you will gain an understanding of:

  • Regulatory environment and the impact on your daily work
  • The impact of legislation  on your daily work 
  • The categories of clients and applicable types of financial services 
  • The role and responsibilities in a complaint or dispute process
Objectives
  • Demonstrate understanding of the roles and responsibilities of participants in complaints and disputes handling processes.
  • Demonstrate understanding of different categories of clients and types of financial services.
  • Demonstrate understanding of the background to the regulatory environment, and identify the applicability and impact of legislation that is relevant in a broad financial services context.


Research and Analysis Processes

28365

This unit standard is one of 4 that make up the Core Knowledge module. In this unit you will gain an understanding of:

  • Research and analysis processes used in assessing, reviewing, or comparing a product, service, or solution, 
  • Conduct appropriate research to develop financial solutions. 
Objectives
  • To understand the processes involved in researching and analyzing financial products or services when reviewing or comparing financial products or services to find a fit for purpose solution.
  • To conduct research and analysis, to develop fit for purpose financial solutions, and to provide a supporting rationale for the identified solution.


The Economic Environment and Financial Markets

28366

This unit standard is one of 4 that make up the Core Knowledge module. In this unit you will gain an understanding of:

  • The role of financial markets and their participants,
  • The common products by which financial markets are accessed
  • The nature and factors that impact  the economic environment and the participants 
Objectives
  • To understand financial markets and systems
  • To understand and explain the factors that impact participants in the financial markets and systems
  • To recognise and understand common types of financial services and products used by consumers
  • To understand financial market participants


Steps 1 & 2 of Six Step Financial Advice process

25650

This unit standard is one of 5 that make up the Financial Advice module the Advice Process. Completion of this unit standard will enable you to;

  • Establish and define the nature and scope of the client and financial adviser relationship
  • Gather client information to identify and analyse client requirements and risk profile
Objectives
  • To understand and explain disclosure requirements, fee structures, remuneration methods to the client
  • To identify and gather relevant information pertaining to the clients personal business and financial situation
  • To define, explain and apply responsibilities of financial adviser and client
  • To identify client needs, financial goals, priorities and risk tolerance


Steps 3 & 4 of Six Step Financial Advice Process

25651

This unit standard is one of 5 that make up the Financial Advice module. In this unit you will gain an understanding of: 

  • The steps in the analysis and evaluation of clients financial situations 
  • The steps to develop, present, and agree appropriate financial strategies and solutions for clients
Objectives
  • To enable you to analyse a clients financial situation
  • Conduct research, analysis and product modelling to develop financial strategies for your client
  • To enable you to identify and evaluate financial markets, risks, gains or constraints that impact the client
  • To perform calculations to enable drafting of financial solutions for your client


Steps 4 & 5 of Six Step Financial Advice Process

25652

This unit standard is one of 5 that make up the Financial Advice module. In this unit you will gain an understanding of: 

  • How to coordinate the implementation of agreed financial strategies and solutions for clients
  • How to monitor agreed financial strategies and solutions for clients
Objectives
  • To understand the importance of monitoring, reviewing and evaluating over time clients financial solutions
  • To learn to document, clarify and explain issues, financial products and services
  • To learn the process of implementation for agreed financial strategies
  • To discuss and agree financial strategies and solutions for clients


Legislation, Codes of Practice and Fiduciary Issues

25653

This unit standard is one of 5 that make up the Financial Advice module. In this unit you will gain an understanding of: 

  • How to apply the legislation, regulations, organisational policies, and industry and professional codes of practice in your daily work
  • How to maintain  business records
  • How to respond to fiduciary issues that arise in your role as a financial adviser
Objectives
  • To interpret and apply relevant legislation, regulations and industry Codes of Practice
  • To demonstrate ethical behaviour
  • To understand the business records a financial advisor is required to maintain
  • To understand your fiduciary responsibilities as a financial advisor


What it Takes to comply with the Act

26360

This unit standard is one of 5 that make up the Financial Advice module. In this unit you will gain an understanding of: 

  • The legislative framework for financial advisers
  • The registration and reporting requirements of financial advisers
  • The disclosure and conduct obligations of financial advisers
  • The  financial services compliance legislation
  • The Code of Professional Conduct for Authorised Financial Advisers
  • The  requirements of consumer legislation
  • The disputes resolution process and obligations as an Authorised Financial Adviser
Objectives
  • To understand the Code of Professional Conduct for Authorised Financial Advisers
  • To understand the terms of the Financial Advisers Act 2008, the Financial Service Providers Act 2008 and relevant financial services and consumer legislation
  • To understand the types of financial service intermediary and the types of services each can provide and their reporting obligations
  • To understand and apply the disclosure and conduct obligations of financial advisers including disputes resolution processes and obligations


Investment Concepts and the Regulatory Environment

28375

This unit standard is one of 3 that make up the Investment module. In this unit you will gain an understanding of: 

  • Investment asset classes, financial instruments, and investment services
  • How asset classes, financial instruments and investment services are utilised in developing or implementing investment strategies
  • Portfolio construction techniques
  • The concept of investment risk and return and its relevance to developing or implementing investment strategies 
  • The legislative and regulatory framework applicable to the investment sector
Objectives
  • To understand investment risk and to evaluate processes and solutions for managing risk and return effectiveness
  • To explain and apply the legislative framework and Regulations in your daily work as a financial advisor
  • To construct portfolios using recognised portfolio management theories and approaches
  • To understand the types and characteristics of investment asset classes, financial instruments and investment services and to understand their performance effects in given economic environments


Investment Assets and Objectives

28376

This unit standard is one of 3 that make up the Investment module. In this unit you will gain an understanding of:

  • Investment assets and services
  • Financial and non-financial investment assets and services 
Objectives
  • Apply financial and non financial investment assets to meet the clients financial objectives
  • Learn about the features, benefits, risks and disadvantages of investment asset and services


Investment Analysis Techniques

28377
This unit standard is one of 3 that make up the Investment module. In this unit you will gain an understanding of: 
  • Quantitative analysis techniques and financial ratios used in investment valuation and management
  • Applying quantitative analysis to determine whether an analysed option meets predetermined requirements
  • Qualitative factors that may be relevant in investment analysis
Objectives
  • Understand and use quantitative analysis techniques to measure share performance, bond performance, property performance
  • Apply quantitative analysis techniques in a range of situations to evaluate the attributes, and to justify the pre determined outcomes
  • Learn about common quantitative analysis techniques used to manage and evaluate portfolio performance
  • Identify and understand qualitative factors that may be relevant in investment analysis


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