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Entry Level

Level 4 – Diploma for Financial Advisers (DipFA®)

Overview

The DipFA is a leading qualification in the financial world. It is FCA approved and prepares you with the skills to offer advice on retail investment. You are not only tutored in relevant theory, but the practical use of new knowledge.

Designed specifically for those entering the industry you could complete the whole programme within just nine months. The course is easy to follow, practical and leaves you confident in your role as a financial adviser.

Key points

  • The Diploma for Financial Advisers (DipFA) is an RQF level 4 qualification accredited by Ofqual and awarded by the London Institute of Banking & Finance.
  • This financial adviser course is split between 2 units.
  • Register for unit 1 throughout the year and choose from a selection of start dates for unit 2.
  • Knowledge of unit 1 is assessed by a multiple-choice exam, unit 2 is assessed through a combination of coursework and written exam.
  • Successful completion allows you to add the designation ‘DipFA’ after your name and apply for your Statement of Professional Standing (SPS).

Qualification

The DipFA is a level 4 qualification registered with Ofqual in the Regulated Qualifications Framework and consists of two units.

Units Learning Outcomes Assessment
Unit 1 – Financial Services Regulation Ethics (FSRE)

The environment of the financial services industry.

Key components and interrelationships of the financial system.

Principles of the regulatory framework and the implications for the financial advice process.

The importance of the concept of risks relate to institutions and individuals’ legal concepts and interplay between regulation and legislation.

The FCA’s approach to ethical and unethical behaviours and the Code of Ethics.

2-hour objective exam comprising 90 multiple-choice questions and 2 case studies with 5 linked multiple-choice questions.
Unit 2 – Advanced Financial Advice (AFA)

Products services and legislation that inform the financial planning and advice process.

Principles theories and interrelationships of investment retirement planning and protection.

The importance of consumer-oriented communication and ethical behaviours.

Assessed through a combination of coursework and written exam:

Coursework comprises of a written assignment and short answer questions.

3-hour typed exam based on pre-released fact find available 6 weeks prior to exam.


Progression

At Simply Academy we offer a range of courses and routes for career progression.

The Certificate in Mortgage Advice & Practice (CeMAP) is an industry leading qualification, perfect if you aim to give mortgage advice alongside retail investments.

Another route for progression is the Certificate in Regulated Equity Release (CeRER), which equips you with the authority to advise on equity release products.

Mortgage Adviser

Mortgage Adviser

CeMAP®/Diploma

Mortgage Adviser/Equity Release Adviser

Equity Release Adviser

CeMAP®/CeRER®

Financial Adviser

Financial Adviser

DipFA®


Study Options

Fast Track (Classroom)

The flexible Fast Track study option is a highly effective way to learn the DipFA course content and prepare for your exams.

In a classroom environment, you’ll benefit from expert tuition of knowledgeable tutors who are on hand to answer all your questions. All our tutors have real-world experience of the financial sector and are highly approachable.

We keep class sizes small and like to create a relaxed atmosphere. This helps our students to concentrate on their studies and reach their potential.

Situated in city centre locations in London, Birmingham and Manchester, these Fast Track courses are set in comfortable and relaxed surroundings, the perfect environment for your learning.

Customer Reviews

Course Check Highest rated Courses 2018

We use Coursecheck to collect feedback from everyone we train, so you can see for yourself what our customers say about us.

  • Michael H | 16 July 2019

    Having studied CeMAP with Simply Academy, I knew I would be in safe hands to take my CeRER course with them, and I wasn't disappointed. Thanks for all your help!

  • | 16 July 2019

    This course was both informative and interesting. There was a fair amount of content to cover, but the structure of the course flowed well and the teacher was able to give real life scenarios which helped to bring the information to life. I have already recommended this course to a few colleagues.

  • BRENTON W | 16 July 2019

    Excellent Trainer provided a brilliant week of learning and has provided me with the confidence of becoming a Qualifed Mortgage Advisor

  • Adrian C | 16 July 2019

    Thoroughly enjoyable class that made the subject matter fun to learn and memorable.

  • Mike E | 16 July 2019

    Terry was amazing as a course leader, his love for the topics and his experience was evident throughout and his ability to relate each section to real world examples was fantastic. Doing this course has given me a lot of confidence in the content and ability to succeed as a mortgage advisor. 10/10 glad I did the course

  • Karl L | 10 July 2019

    The course was great and comfortably passed CeMap 1 which I wouldn't have done with out attending the week long course, well worth the investment for me especially as self financing. The one thing that would massively improve the course is if the SA notes and work books etc tied up with what the trainer works from as at times the ...

  • Pauline S | 10 July 2019

    Very hot in training room

  • steve h | 01 July 2019

    The only downside i would note is that the group was quite large and really could have done with being a third smaller. Other than that i have no complaints whatsoever.

  • Ian D | 10 June 2019

    I would like to say a BIG thank you to Terry for making the course relaxed and enjoyable. Will definitely be recommending this course to others.

  • Charlie L | 10 June 2019

    Scored 42 on unit 1 Scored 41 on unit 2 Would only recommend the course if Pete is the teacher. Simply academy was simple to use and are easily contactable which is what I like.

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Specialists in Financial Education and Apprenticeships

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We set the standards, over 15,000 people have studied with Simply

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We are approved by professional institutions and work with the world’s top banks

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FAQs

What is the DipFA qualification?

The Diploma for Financial Advisers (DipFA) is an FCA approved qualification perfect for those wishing to start a career in financial advice. Throughout the course you will learn the skills and knowledge required to offer professional advice on retail investment. The course is thorough, interesting and a very popular route into the industry.

Once you successfully complete your DipFA exams you will have everything you need to begin your new career.

How and where do I sit my DipFA examinations?

You will be required to sit two DipFA exams. Unit 1 is assessed by a single, two hour multiple choice exam. Unit 2 is assessed by a combination of coursework and a three hour typed exam based on a pre released fact find.

You will be instructed on how to register for and book your examinations upon enrolment onto a DipFA training course. You can sit your exams at one of the conveniently located centres which can be found around the country.

What is included in my DipFA Course?

DipFA training is classroom based and you will be taught as part of a small group. Your course fees cover expert tuition by an experienced trainer and comprehensive learning materials. These materials are useful while completing your DipFA training but also as a point of reference once you qualify.

Out of the classroom students may login an online study portal were they may access additional study support alongside a tutor help desk.

Where are DipFA training centres located?

Your DipFA training will be completed within a classroom at one of our modern, fully equipped training facilities. We offer DipFA courses in Birmingham, Manchester and London, and all of these centres are easy to find, with excellent transport links.

DipFA® Fast Track

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