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Considering doing a qualification? – Some guidelines on the Higher Certificate in Wealth Management

With qualifications being a definite “must” for advisors in most categories, it is important to know which one is the right choice.

The FSCA recently released FAIS Notice 36 of 2019, providing updated lists of qualifications for FSPs, KIs and Representatives in different categories.

Moonstone Business School’s Higher Certificate in Wealth Management (NQF5) appears on list 1 for Category I FSPs, as does the National Certificate: Wealth Management (NQF5).

We receive quite a number of enquiries from students who want to know whether they should rather apply for the Moonstone Business School Higher Certificate in Wealth Management, or for the National Certificate: Wealth Management which we offer as an INSETA accredited training provider.

The short answer to this question is that Moonstone Business School will no longer accept new entrants into the National Certificate: Wealth Management as from June 2019. All existing students or students who completed a portion of the National Certificate: Wealth Management will however still be allowed to continue their studies and can be assured of the same level of dedicated student service as in the past.

If you are still deciding whether or not to start your studies this year, here is a useful summary table on how Higher Certificate in Wealth Management works:

Admission requirements Minimum statutory entry requirements:

Pass National Senior Certificate (NSC) with an achievement rating of 3 (40 – 49%) or better in four subjects, and 24 Admission Point Score (APS) points

*Note that Moonstone Business School may accept a limited number of students through a recognition of prior learning process (RPL) should they have prior experience in financial services.

Duration of studies Four compulsory subjects and one elective subject are completed over a two-year period for part-time students
Mode of study Online distance learning.

Students are enrolled in their chosen subject/s for a six-month semester. During the semester, students take part in online discussions moderated by the subject matter expert and complete their assignments and formative assessment online.

At the end of the semester, an invigilated exam must be written at one of Moonstone’s approved exam centres.

Certificate conferring process for qualification achievement Moonstone Business School issues the qualification certificate once all the requirements for the qualification have been met by the student and results have been ratified by our Academic Committee.
Credits Credits for higher education qualifications are notional credits and are not unit-standards based. This means that the full qualification must be achieved in order for students to be deemed to have achieved the credits.

The Higher Certificate has 120 credits on completion.

Subjects Compulsory:
• Financial Planning Environment Fundamentals
• Risk Planning Fundamentals
• Investment and Retirement Planning Fundamentals
• Introduction to Tax in Financial PlanningElective (choose one):
• Business Assurance Fundamentals
• Retirement Funds Fundamentals
• Healthcare Benefits Fundamentals
Cost Fee per Module:

Online distance learning R5 260 (Excl VAT)

Full qualification fee:

The total cost will amount to R 5 260 X 5 = R 26 300 (Excl VAT)

Fees are payable per Module or the full qualification can be paid upfront. If the full qualification is paid upfront, students will qualify for a 7,5% discount.

Click here to access more information and to apply for the Higher Certificate in Wealth Management.

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