Qualification Overview
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Qualification Title | National Certificate in Financial Services (Financial Advice) (Level 5) with strands in Investment Advice, Insurance Advice, and Residential Property Lending Advice | |||
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Qualification Type | National Certificate | |||
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Level | 5 | |||
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Credits | 55 - 62 | |||
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Subject Area |
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Strategic Purpose Statement |
This certificate provides a nationally recognised qualification for people in the financial services sector who are working or seeking work as a financial adviser, and who specialise in investment advice, insurance advice, or residential property lending advice.
It is intended for people who are required to give personalised and specific advice based on needs analysis of a wide range of data; determine appropriate methods, make recommendations for financial solutions and lead the client based on this analysis; and have full responsibility for the nature, quantity and quality of outcomes. To gain the qualification, candidates must demonstrate competence in professional skills, which are covered in the core compulsory and core elective sections, and in the strands. The core compulsory section covers knowledge and application of: . professional practice, requirements of regulations, professional practice standards, and operational guidelines as a financial adviser; . understanding of stages of financial advice and products; . understanding of relationships between economic environments and the financial market; . the steps of giving financial advice. The core elective section covers generic business management skills and knowledge. Some standards from the Financial Services subfield are also included in this section. This qualification offers a choice between three strands which reflect skills and knowledge relevant to the following areas of financial advice: . Investment Advice - competence in the principles of investment, investment risk and return, investment products, and investment advice; . Insurance Advice - competence in the principles of risk, risk management and underwriting, along with specialist knowledge in at least one area of insurance; . Residential Property Lending Advice - knowledge of the residential property market and residential property lending, including loan products and the mortgage application process. After qualifying for the certificate in one strand, candidates may qualify for additional strands by completing the requirements for those strands. For information on how this qualification relates to the authorisation of financial advisers visit www.afacompetence.org.nz. This qualification builds on the skills and knowledge introduced in the National Certificate in Financial Services (Level 4) [Ref: 1392]. However, that qualification is not a prerequisite for this qualification. This national certificate may lead on to higher level non-NQF financial services qualifications or higher level qualifications that ETITO plans to develop in the future. |
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Employment pathways |
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Entry Requirements | Not available | |||
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Developed By | Te Pukenga - New Zealand Institute of Skills and Technology | |||
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Quality Assured By | New Zealand Qualifications Authority | |||
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Number | 1476 | |||
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Status | Discontinued | |||
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Created | 2009-03-20 00:00:00.0 | |||
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Last Reviewed | 2016-12-31 00:00:00.0 | |||
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Last Date For Entry | 2016-12-31 00:00:00.0 | |||
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Discontinued | 2018-12-31 00:00:00.0 | |||
Qualification Title
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