Level 6 Diploma in Financial Advice (Adv DipFA)

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Level 6 Diploma in Financial Advice
(Adv DipFA)

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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.

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?	£460 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.
Recognition of prior learning	If you hold an RDR-compliant qualification in financial advice, with us or another awarding body, you can register to study Adv DipFA. If you hold a Statement of Professional Standing (SPS) as a retail investment adviser, with us or another awarding body, you can register to study Adv DipFA.
How will I study?	Everything is online, you'll follow a structured timetable
Regulation	Registered with Ofqual in the Regulated Qualifications Framework (RQF) Meets the Financial Conduct Authority's (FCA) examination standards

View the qualification specification

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 6 optional units

You can then pick from at least one of the following Level 6 optional units:

Level 4 specialist unit options

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

Long Term Care and Later Life Planning (CertLTCP)
CeMAP Diploma
Or a specialist unit

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

Timetable

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

August study session

TTTC unit:

Details	Date
Registration deadline	25 July 2022
Course start date	15 August 2022
Coursework deadline	25 October 2022
Exam date	08 December 2022

MANI unit:

Details	Date
Registration deadline	25 July 2022
Course start date	15 August 2022
Video presentation deadline	17 October 2022
Exam deadline	15 December 2022

February study session

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

August 2023 study session

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

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.

Fees

Registration
£460 for each unit (TTTC and MANI) plus the specialist unit options you decide to take. The total price includes study materials and exam entry.

You can choose from:
CertLTCP at £395
CeMAP Diploma at £495
FPIR at £490
PETR at £490

An example of the overall qualification fee is if a student were to take CertLTCP and FPIR as their optional units would be £1,805.

Exam resit
£215

Coursework resit
£185

Video presentation resit
£155

Coursework resubmission fee
£95

How to register

Recognition of prior learning

If you have obtained qualifications and achievements through us or another awarding organisation, you may be eligible for credits towards Adv DipFA. Please read our Recognition of Prior Learning Policy to find out how to apply.

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). To claim accreditation, you’ll need to submit the details through a recognition of prior learning form.

Progression

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Diploma for Financial Advisers (DipFA)

Financial Planning in Retirement

Diploma in Paraplanning

Level 6 Diploma in Financial Advice (Adv DipFA®)

Level 6 Pension Transfers (PETR)

Certificate in Long Term Care and Later Life Planning (CertLTCP)

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