Higher Certificate in Wealth Management (NQF 5)

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 enrol?

  • 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.

This qualification is ideal for:

  • Access to the Financial Services Industry.
  • Meeting fit and proper requirements for a qualification
  • Building block to becoming a financial planning professional.

Modules covered

Module name

Compulsory / Elective

Credit allocation of Module

Financial Planning Environment Fundamentals
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.

Compulsory

30

Risk Planning Fundamentals
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.

Compulsory

30

Investment and Retirement Planning Fundamentals
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.

Compulsory

30

Introduction to Tax in Financial Planning
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.

Compulsory

15

Business Assurance Fundamentals
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.

Elective

15

Retirement Funds Fundamentals
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.

Elective

15

Healthcare Benefits Fundamentals
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.

Elective

15

Total credits:

120

Learning Material

Students will have online access to their study material which will include a study guide, self-assessments and relevant additional resources.

Fees

Payment is made per module. A discount will apply if the full qualification is paid upfront.
Please contact our office for more information: help@mbse.ac.za

Dates

Registration deadline:
Registration for this qualification closes on 16 February 2020

Payment deadline:
On registration per Module or full qualification.

Start date and end date:

  • February 2020

Accreditation and Certification

Certification

Moonstone Business School of Excellence (Pty) Ltd acknowledges that, certification in vocational education and training and the content of the certificate, are regulated by the National Board of Education and governed by the Higher Education Act, 1997 (Act No 101 of 1997) as well as Regulation 1 of the Regulations for the Registration of Private Higher Education Institutions, 2002 (hereafter referred to as “the Regulations”).

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.

Students also need to comply with the minimum statutory entry requirements as follows:

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 (see explanation that follows)

HOW TO CALCULATE YOUR ADMISSION POINT SCORE

  • The APS system allocates point values to the levels of achievement obtained for matric subjects;
  • Write down your relevant NSC (National Senior Certificate) subjects and the symbols obtained;
  • Allocate points according to the table below;
  • Add up the number of points you have to calculate the APS.

Individuals who do not meet the statutory entry requirement for this qualification, can enrol with MBSE for the FETC: Wealth Management Qualification at NQF Level 4, or FETC: Short term Insurance Qualification at NQF Level 4.
After successful completion, students can continue with this qualification

How to Register?

July 2019 intake

February 2020 intake

Applications Open:

January 2019

July 2019

Applications Close:

July 2019

January 2020

ASSESSMENTS

Students will have to complete online Formative Assessments and a final invigilated written Summative Assessment for each module.
overview
Starting Date 
Applications currently open
First semester registration: by end of January
Second semester registration: by end of June

Method of Training
Online learning via MBSE Online eLearning Platform

Qualification Duration
1 year full-time
2 years part-time

Admission Requirements
National Senior Certificate (Grade 12) or equivalent NQF Level 4 certificate

Fees:
Download the brochure for a breakdown of fees
or contact us at assist@mbse.ac.za

  • The aim of the Higher Certificate in Wealth Management is to provide learners with a wide range of specialised and technical skills, as well as broad-based knowledge of the applicable legislation, economic principles and the financial services industry.