Study a highly relevant and practical finance qualification giving you the knowledge and skills to kickstart or boost your career in financial planning.
Level 4 Diploma for Financial Advisers DipFA
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Course overview
The DipFA is an industry benchmark financial adviser qualification which meets the FCA’s requirement for retail investment advisers. Highly relevant and practical, the qualification is tailored to reflect the Independent Financial Adviser (IFA) role, giving you the knowledge and skills you need to use your learning in the workplace. The assessments include case study-based learning that replicates the real-life activities of advisers and multiple choice tasks with results provided on the day.
- Financial services profession.
- Regulations.
- Legislations.
- The Code of Ethics.
- The UK Taxation system.
- Taxation treatment of individuals and trusts when advising on investments.
- The economic environment and its impact on investments.
- Investment products and their performance in different situations.
- The importance of financial protection.
- Role and limitations of state benefits.
- Policies and solutions available to meet any protection shortfalls.
- Retirement planning and the political, economic, and social environmental factors which provide the context for pensions planning.
- Taxation regimes applicable to retirement planning.
- This coursework module develops the learners knowledge and capability to be able to demonstrate their ability to provide effective financial planning solutions for clients.
Extra information
Module 1 – one, 2 hour-multiple choice assessment split into two units with each unit including 25 multiple-choice questions, 3 case studies with 5 linked multiple-choice questions. Both units are worth a total of 80 marks.
Modules 2-5 each have a 90-minute multiple-choice exam that is split into 2 units. Each unit includes 20 multiple-choice questions, 2 case studies with 5 multiple-choice questions related to each case study. Each unit is worth 30 marks.
Module 6 – Coursework consisting of pre-released fact find with an essay response worth 240 marks.
Assessment fees are not included within the course price. These can be taken on a modular basis, and paid for as you progress through the qualification.
Exam fees are currently as follows:
Module 1 – Financial Services Regulation & Ethics – £320
Module 2 – Taxation – £220
Module 3 – Investment – £220
Module 4 – Protection – £220
Module 5 – Retirement Planning – £220
Module 6 – Coursework – £180
If learners wanted to go on and gain their CEMAP qualification after completing this course, they would not be required to complete Module 1 of the CEMAP qualification.
Due to the nature of the qualification, there is online study but also a number of virtual events the students have to attend. These are full days which the student can book onto. 21 days in advance of the session taking place, they are provided with a digital course pack. The sessions themselves run for full days split into morning (9:30-12:30) and afternoon (13:30-16:30) sessions.
The sessions required for each module are as follows:
Module 1 – 4 days
Module 2 – 2 days
Module 3 – 3 days
Module 4 – 2 days
Module 5 – 3 days
For module 6 learners are given access to study aides to help complete their coursework assignment. They need to complete the coursework element within four weeks.
Providing all assessments are passed and completed the student will be awarded the Level 4 Diploma for Financial Advisors (DipFA). Upon completion, you are also able to use the ‘DipFA’ designation after your name.
This qualification provides a route for learners to become a qualified financial adviser.
Awarding Body
This course is provided by Simply Academy, a leading financial services training provider who have achieved Trusted Partner Status the highest accolade awarded by The London Institute of Banking & Finance. To achieve this status an organisation must be able to demonstrate that they can provide the highest standards of education and training.
FAQs
That's not a problem. We want to make sure you're 100% confident about enrolling on the course and starting your study. So, just give our team of education specialists a call on 03300 563 100 and they'll do their best to help.
Assessment fees are not included within the course price. These can be taken on a modular basis, and paid for directly with the awarding body as you progress through the qualification.
There is a time limit of 12 months to complete this course. This course is designed to be flexible around the demands of a busy lifestyle.
You do not need any previous knowledge to enrol onto this course, however, we do recommend you have basic skills in Maths and English as well as an interest in finance before you begin.
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