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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.

  • Rachel A | 19 August 2019

    Really enjoyed the course and Glenn was excellent really good style of teaching

  • Yen L | 13 August 2019

    Peter Slater is a great instructor. He told us engaging stories to help learn facts and the morning and evening rounds with sample questions helped tremendously. I scored distinction in both units of Cemap 1. 47/50 and 46/50. Yen

  • James H | 12 August 2019

    Brendan is an amazing Teacher. Very approachable. and friendly. Learnt a lot on the course. : )

  • | 12 August 2019

    Great week, well balanced with breaks as appropriate to recharge. Gained a lot of knowledge on the subject that i would have been unable to understand on my own. Trainer highly knowledgable and related learning to real life scenarios making it easier to learn and remember. So pleased I found out about this course and would highly recommend it!

  • Jake C | 12 August 2019

    Absolutely loved the course and the content and I can’t wait to start my career in this area. Brendan was fantastic, explained everything in the necessary amount of detail taking more time where somebody didn’t understand or there was a particular issue that needed more attention . Can’t wait for Cemap 2 and 3 next month

  • Gavin C | 12 August 2019

    Excellent course which really filled in the gaps. Peter is a good trainer with a funny sense of humour ' tough crowd'.

  • Simon W | 06 August 2019

    I have been fortunate to have been taught by Alan on a previous occasion His delivery of the course was again superb He is knowledgeable about the subjects he teaches and has a great ability to make the important things stick A pleasure Please pass on my thanks Took the course in Birmingham on Monday Passed on Friday

  • Michelle W | 30 July 2019

    A great course. However Several attendees commented on the lack of catering given the course price. I feel that there should at least be some snacks provided, if not lunch; especially when you are catering for non paying groups whilst Cemap students are there.

  • Ryan M | 29 July 2019

    Glenn was a great teacher! He provided information in way which it could be understood, using his experiences and industry knowledge to give real life examples of how certain topics would be applied to clients which made it easier to digest. The class was set in a great environment, went at a pace which was good for me as someone ...

  • Philip M | 26 July 2019

    Excellent with a fast turn around.

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Why Choose Us?

Specialists in Financial Education and Apprenticeships

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Passion

We provide exceptional learning, empowering our students to reach their potential

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Confidence

Our carefully selected training consultants are amongst the most knowledgeable in their fields

Knowledge

Knowledge

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

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Trust

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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