The National Certificate in Wealth Management will provide learners with a wide range of specialised and technical skills, as well as knowledge of the applicable legislation, economic principles and the financial services industry in general. Learners will be exposed to the important terms, rules, concepts, principles and theories of Wealth Management. This certificate is a building block for learners who wish to follow a career path in Financial Services within Long-Term Insurance and Investment.

Qualifications

National Certificate: Wealth Management (SAQA ID: 66611 LP: 57608)

Entry Requirements

Communication and Mathematical Literacy at NQF L4

NQF Level 5 Wealth Management is ideal for:
• Access to the Financial Services Industry
• Entry level financial advisors

The Qualification is a holistic introduction to Wealth Management and Wealth Creation:

Objectives

At the end of this programme, the learner should be able to:
• Apply the principles of ethics to a business environment
• Research information in order to assist in conducting a financial risk assessment
• Determine the needs and wants of an entity in order to propose an appropriate financial solution
• Present a proposal to optimise the tax aspects of the wealth management of an entity
• Apply scenario planning to explain potential risk in a specified financial services context
• Apply knowledge of the different asset classes in order to give financial advice
• Apply a researched trend to individual financial risk
• Apply basic economic principles to the financial services sector
• Demonstrate insight into current affairs in the Financial Services sector
• Demonstrate knowledge and insight into the changing nature of the financial services industry and its consumers
• Demonstrate knowledge and understanding of risk in a Financial Services environment
• Describe the financial life cycle of an individual and how this influences financial decisions
• Present an informed argument on a current issue in a business sector
• Explain how the life cycle of a business entity affects investment and insurance decisions
• Research theories of behavioural economics and behavioural finance to explain the influence of emotion on financial decisions
• Demonstrate knowledge and understanding of the fundamental principles of risk finance in order to propose an insurance solution
• Evaluate the relevant performance of a Fund/Portfolio Manager
• Apply the regulations for disclosure that are required as part of the financial sales process
• Explain South African money laundering legislation and the implications for accountable institutions intransacting with clients
• Demonstrate knowledge and understanding of the Financial Advisory and Intermediary Services Act 2002 (FAIS) (Act 37 of 2002) as it impacts on a specific financial services sub-sector
• Analyse the product design/structure of different medical schemes to evaluate the benefits of each scheme
• Apply knowledge of health economics to make an informed decision
• Apply knowledge and skill to explain the application of structured long-term insurance portfolios
• Apply technical knowledge and skill to advise an individual on planning for retirement
• Apply knowledge of estate planning to propose a financial solution for a specific client
• Apply knowledge and insight to structure and implement a retirement fund for an organization
• Apply technical knowledge and skill to advise business entities on insurance and group retirement benefits
• To understand the fundamentals of communication, math’s literacy and apply them as required.

Target Group

Entry level financial advisors