Is DipFA worth it?

If you’re interested in a career as a financial adviser, the DipFA qualification could be exactly what you need to get you started in this field. But what is DipFA, is this certification worth it, and what are the advantages to completing this particular course?

In this guide, we explain what the DipFA qualification is, how long it takes to complete and how much you can expect it to cost. We’ll also share the ways gaining this qualification could benefit you and the trajectory of your career. Keep reading to find out more. 

What is the DipFA qualification?

DipFA stands for the Diploma for Financial Advisers and it is the minimum qualification level you need in order to practise as a financial adviser, as stated by the Financial Conduct Authority (FCA). Once you have passed, you will be legally able to offer professional financial advice. DipFA is acknowledged as being one of the most highly regarded financial adviser qualifications.

DipFA has been specifically designed for those who may not have any existing knowledge or prior experience of the financial industry, making it the ideal choice if you want to break into a new career within this sector. It can also be a suitable qualification for those who already work in finance and want to expand upon their service offering. 

How long does DipFA take?

The time required to complete the DipFA qualification will depend on each student’s circumstances. However, you can typically expect to complete your qualification within as little as 6 months of part-time study.

The DipFA course includes 6 modules: 5 online Live Webinar modules delivered by our highly experienced training team, and a 6th e-learning coursework module. 

• Module 1 – Financial Services Regulation Ethics (FSRE): 8 x 3-hour tutorials over 4 days.
• Module 2 – Taxation: 4 x 3-hour tutorials over 2 days.
• Module 3 – Investment: 6 x 3-hour tutorials over 3 days.
• Module 4 – Protection: 4 x 3-hour tutorials over 2 days.
• Module 5 – Retirement Planning: 6 x 3-hour tutorials over 3 days.

Module 1 provides a comprehensive introduction to the Financial Services industry. The remaining 5 Live Webinar Modules build upon these foundations, helping you learn how to apply your knowledge in your new career. 

Modules 1-5 are each followed by a multiple-choice assessment, which will include some case study questions.

Once you’ve completed modules 1-5, you will undertake the e-learning coursework module 6. This part of the course is self-directed, and you’ll be assessed on the essay you write in response to a pre-released fact find.

How much does DipFA cost?

At Simply Academy, the cost breakdown of our DipFA course is as follows:

• Module 1 – FSRE: £500 plus VAT
• Module 2 – Taxation: £250 plus VAT
• Module 3 – Investment: £375 plus VAT
• Module 4 – Protection: £250 plus VAT
• Module 5 – Retirement Planning: £375 plus VAT
• Module 6 – Coursework: £175 plus VAT

While you can choose to sign up for each unit individually, enrolling on all modules at the same time will entitle you to a 10% discount.

In addition to your course costs, you’ll also need to pay LIBF registration fees, which include your exam fees and student membership:

• Module 1 – £320
• Modules 2 to 5 – £220 (each)
• Module 6 –  £180

What are the benefits of DipFA?

If you’re not sure whether DipFA is right for you, it’s a good idea to consider the benefits of this qualification. Here are three of the main advantages to enrolling in the DipFA course.

1. Progress your career

By completing the DipFA course, you’ll be in a great position to progress with your career. Whether you’re looking for a fresh start with a career in finance or you’re keen to expand upon your existing skills and knowledge, this qualification has the potential to open you up to a world of new opportunities.

2. Study at your own pace

While you could complete your studies within as little as nine months, there is the option to study at your own pace. This means that you’re able to fit your studies around any other responsibilities you might have, including work, family commitments and even your social life.

3. No previous knowledge or experience needed

You can study DipFA without any previous experience of working within the finance industry. There are no specified entry requirements, meaning you don’t need to have achieved any previous certification prior to enrolment. 

Simply Academy’s DipFA Live Webinars are led by our knowledgeable, experienced and friendly tutors, and you will receive the support you need throughout the duration of your studies. 

You can book a DipFA course online through our Financial Services course pages. If you’d like to discuss your study options or have any queries about the course, our friendly Student Support team is available to assist on Freephone 0808 208 0002 or by email at [email protected].