FETC: WEALTH MANAGEMENT NQF 5
Key Facts

  • Learning Material:
    Students will have online access to their study material which will include a study guide, self-assessments and relevant additional resources.
  • Mode of Study: Live evening online classes

Enquire Now FAQs

The Higher Certificate in Wealth Management (HCWM) provides an ideal entry point into the financial services industry in various roles, or to kickstart your career in financial planning.

The HCWM is recognised by the Financial Services Conduct Authority for all product sub-categories of Category I FSPs, and can be used to fulfil fit and proper requirements for FAIS roles in Category I FSPs.

What will the qualification enable you to do?

Upon successful completion of the HCWM students will be able to:

  • Demonstrate knowledge and understanding of legislation, ethics, and compliance in the context of the financial services sector in South Africa.
  • Demonstrate knowledge and understanding of the financial planning process in terms of collecting, analysing and synthesising appropriate data to develop solutions and make judgments and recommendations that take into consideration client needs and attitudes.
  • Apply a fundamental knowledge of insurance, economics, investment practices, tax and other financial information to match the financial requirements of clients to financial products.
  • Communicate and present information, in writing and verbally, to demonstrate insight into current issues in the Financial Services Sector.

Who should Apply?

  • Administrators in financial planning practices, insurance companies, banks and retirement funds;
  • Self-employed financial advisors or brokers working under supervision who need a qualification to meet fit and proper requirements;
  • Tied agents; or employed personnel rendering intermediary services in a variety of roles.

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Course Content

Module nameCompulsory / ElectiveCredit allocation of Module
Financial Planning Environment FundamentalsCompulsory30
Provides an introduction to the financial services sector, its role-players and its products, as well as current issues and trends in the sector. The module also provides knowledge and understanding of the main legislation applicable in the context of financial planning; and the important role of ethics in financial planning.
Risk Planning Fundamentals Compulsory30
Provides knowledge of client life-cycle stages and financial needs with an emphasis on personal risk needs, as well as detailed knowledge of the financial products and financial management strategies that are used to address personal risk planning needs. The module further provides a fundamental understanding of the financial planning process, and the use of a basic capital needs analysis in analysing a client’s personal risk needs.
Investment and Retirement Planning Fundamentals Compulsory30
Provides knowledge of basic economic concepts, client life-cycle stages and financial needs with an emphasis on savings, investment and retirement planning needs, as well as detailed knowledge of the asset classes, financial products and financial management strategies used to address personal investment and retirement planning needs. The module further provides a fundamental understanding of the financial planning process, and the use of a basic capital needs analysis in analysing a client’s investment and retirement planning needs.
Introduction to Tax in Financial Planning Compulsory15
This module provides an introduction to the South African tax system and different direct and indirect taxes that are applicable to individuals and businesses. The module further provides knowledge of the relevant sections of the Income Tax Act, as well as of different forms of business ownership to enable students to complete basic income tax and capital gains tax calculations for individuals and various business entities, and to gain understanding of the tax impacts relating to different financial products.
Business Assurance FundamentalsElective15
Provides knowledge of different forms of business ownership and their advantages and disadvantages in starting a business. The module also provides knowledge of basic financial statements used in a business, business assurance needs and the different business assurance structures used to address these needs.
Retirement Funds Fundamentals Elective15
Provides knowledge of the main legislation and tax implications relating to pension fund benefits, as well as detailed knowledge of pension fund products and related group risk products and the benefits provided by these products.
Healthcare Benefits FundamentalsElective15
Provides an introduction to the medical scheme and healthcare benefits environment in South Africa. The module provides knowledge of main legislation impacting on and detailed knowledge of health care products.
Total credits:120

Entry Requirements

GRADE 12 0R EQUIVALENT

Learning Material
Students will have online access to their study material which will include a study guide, self-assessments and relevant additional resources.
Important Information, Terms & Conditions
  • These courses are planned to run throughout the year. However, they are subject to student demand. For more information info@finlite.co.za
Fees

Corse cots R22500

Registration costs R650

for more information: finlite@gmail.com

Dates
Applications:
Applications for Semester 1 close on 31 January
Applications for Semester 2 close on 26 June

Registrations:
Registrations for Semester 1 close on 16 February
Registrations for Semester 2 close on 6 July

Accreditation and Certification

Certification).

The Qualification consists of Fundamental, Core, and Elective components. To be awarded the qualification,
students are required to obtain a minimum of 120 credits in line with the component requirements.
Certification will occur as soon as all the relevant unit standards toward the qualification have been
completed, verified, and endorsed by INSETA and uploaded onto the INSETA Indicium System.

 

Method of training
Admission Requirements

A knowledge, comprehension and application of the English language at NQF Level 4 (Grade 12 or equivalent level) is required.

How to Apply?

Apply Here

Assessments
Students will have to complete online Formative Assessments and a final invigilated written Summative Assessment for each module.
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