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.
Study Options
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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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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.