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Level 6 Diploma in Financial Advice
(Adv DipFA)

Professional qualifications

Level 6 Diploma in Financial Advice (Adv DipFA)

Do you want to go further in your career? The Adv DipFA will broaden your skillset and help you achieve chartered status.

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About the qualification

Not all financial advisers are the same. Some provide more sophisticated advice for clients who have more complex financial circumstances. With Adv DipFA, you can be one of them.

Not only will you learn how to plan and advise in complex cases, you'll gain skills that help you contribute to your company's business strategy. And if you have three years' relevant work experience, Adv DipFA could lead you to chartered status.

While you study online, we will support you with weekly study guides. Our team of dedicated tutors will also be on hand to answer your queries.

And if you have qualifications from us or another awarding organisation, we may be able to count them as credits towards Adv DipFA. See our Recognition of Prior Learning Policy.

While studying with us, you’ll become a Member of The London Institute of Banking & Finance (MLIBF), receiving benefits including careers support and access to professional networking events.


Your studies will cover

  • How to examine the rules, data and information to develop a taxation and trusts strategy for clients
  • How to build and develop a client’s investment portfolio by selecting different products and investment strategies
  • How to simplify and understand the technical language, tools, methods and good practice
  • How to analyse, prepare and interpret financial data
  • How to apply theories, evidence and concepts in wealth management
How much does it cost?              £495 for each compulsory unit.
The price includes study materials and exam entry.

View the fee section for a full breakdown with the specialist unit options.
Average time to complete
18 months to 2 years
Number of units Four
How will I be assessed? Exams and assessments. View the assessment section for further details.

You can take your exam at a test centre or at home with remote invigilation
What study materials do I get?

As part of your fee, you’ll get: 

  • access to our virtual library KnowledgeBank
  • online access to our student portal MyLIBF
  • online student forum and group activities
  • exam papers
  • coursework exemplars
  • online study materials
  • online tutor support
  • webinars
You will be learning on our new VLE Brightspace, click on the logo to find out more.
Brightspace-logo
How will I study? Everything is online, you'll follow a structured timetable
Entry requirements
  • If you hold an RDR-compliant qualification in financial advice, with us or another awarding body
  • If you hold a Statement of Professional Standing (SPS) as a retail investment adviser, with us or another awarding body
Regulation
  • Registered with Ofqual in the Regulated Qualifications Framework (RQF)
  • Meets the Financial Conduct Authority's (FCA) examination standards


Get up-to-date information relating to Coronavirus.

Units

Adv DipFA comprises of five units but you only need to complete four, which you can study in any order.

The two compulsory units are TTTC and MANI. You can then pick from at least one of the Level 6 optional units and either one of the Level 4 optional units or a specialist unit.

Unit – Taxation, Trusts and Tax Compliance (TTTC)

  • Developing a taxation and trusts strategy within an ethical framework
  • Advising UK clients on taxation and the administration of trusts

This unit is compulsory.

Unit – Managing Investments (MANI)

  • The principles and theories associated with measuring investment performance
  • Managing investment portfolios to achieve client objectives

This unit is compulsory.

Level 4 specialist unit options

Or you can pick one Level 6 optional units and one of the following:


The specialist unit must have a minimum of 10 credits and be at Level 4 or above.

Exemptions

If you have a previous financial advice qualification, you may be exempt from some of the units. Here are a few exemptions you can use towards Adv DipFA:

  • You can claim credit for the specialist unit if you have completed the Later Life Adviser Accreditation from the Society of Later Life Advisers (SOLLA)
  • Practical Investment Planning (PIP) has been formally recognised by LIBF as an eligible specialist unit Adv DipFA.

You’ll need to provide details of your current qualifications and accreditations in the Recognition of Prior Learning (RPL) form on our website.

If you’re not sure whether an exemption applies to you, please contact our Student and Customer Services team on +44 (0) 1227 818609 or email customerservices@libf.ac.uk

Timetable

You can register for one of the following study sessions throughout the year:

TTTC unit:

Details Date 
 Registration deadline   23 January 2023
 Course start date   13 February 2023 
 Coursework deadline   25 April 2023
 Exam date  08 June 2023

MANI unit:

Details Date 
 Registration deadline   23 January 2023 
 Course start date   13 February 2023 
 Video presentation deadline   17 April 2023 
 Exam date  15 June 2023

TTTC unit:

Details Date 
 Registration deadline   24 July 2023
 Course start date   14 August 2023
 Coursework deadline   24 October 2023
 Exam date  07 December 2023 

MANI unit:

Details Date 
 Registration deadline   24 July 2023
 Course start date   14 August 2023
 Video presentation deadline   16 October 2023
 Exam date  14 December 2023  

TTTC unit:

Details Date 
 Registration deadline   22 January 2024 
 Course start date   12 February 2024 
 Coursework deadline   23 April 2024
 Exam date  06 June 2024 

MANI unit:

Details Date 
 Registration deadline   22 January 2024
 Course start date   12 February 2024 
 Video presentation deadline   15 April 2024
 Exam deadline  13 June 2024 

 

Assessment

We assess each unit of Adv DipFA differently.

  • TTTC – coursework and three-hour 15 minute exam
  • MANI – video presentation and three-hour exam with multiple choice and written responses

These exams will be pre-booked for you depending on which study session you join. Please refer to the timetable section (above) for dates of the exams.

You will also be assessed when you take the optional units. The popular choices are:

  • Certificate in Long-term Care and Later Life Planning (CertLTCP), which is tested by an electronic exam. 
  • CeMAP Diploma has two elements – an exam with 50 multiple-choice questions and coursework.
  • PETR has a 3-hour 15 minute exam with a mixture of multiple-choice, short answer and long answer questions.
  • Financial Planning in Retirement (FPIR) has three different types of assessments – forum contribution, video presentation and timed assessment.

Depending on the unit and availability, exams take place at test centres nationwide or at home through remote invigilation.

Exam and assessment information

When you have successfully completed the qualification, we will post your certificate to you.

Accredited Learning Support Providers (ALSP)

We understand that everyone has different learning styles. Some students prefer a qualification route with extra learning support. 

We have recognised a select number of Advanced DipFA training providers offering to help support your learning and understanding of the concepts and materials.

Find out more

Please note that using a learning support provider is entirely up to you: it is NOT a requirement of your studies.

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