Wealth Management Training

Home /

Wealth Management Qualification Level 5 Programmes

The FAIS Fit and Proper regulations have introduced important regulatory examination requirements under the direction and management of the Financial Sector Conduct Authority (FSCA). This includes the requirement of a relevant qualification. This Wealth Management 120 credit qualification is regarded as relevant by the FSCA.

IHRM is now facilitating the programme via Teams Microsoft online meetings. Learners can access the training material via an eLearning platform, and are further supported by WhattsApp groups and email.

IHRM offers the unit standards-based Wealth Management qualification split over two programmes:

the Risk Skills Programme, and
the Healthcare Skills Programme.

Learners will receive learning material two weeks prior to the start of the programme to assist and support them in their learning journey. In addition learners will be required to complete eLearning programmes in preparation before the commencement of class. Attendance of the online classes is compulsory.

Scroll down for the details for each of these programmes.

Email us on info@ihrm.co.za should you want to schedule customised in-house training.

Entry criteria for the qualification: Matric certificate

Target Audience: These programmes are targeted towards healthcare brokers, medical scheme fund managers, medical scheme principal officers and trustees, and people working in the medical scheme administration environment.

2022 training dates TBA

Wealth Management Healthcare Module

This programme consists of the following unit standards:

242582 – Analyse the implications of the South African Government’s National Health Policy and the potential impact on medical schemes Credits 10

242575 – Conduct an in-depth investigation into the current healthcare sector in South Africa using published data Credits 8

242616 – Objectively evaluate the criteria that materially affect the performance of a medical scheme and its administration Credits 10

242567 – Analyse the product design/structure of different medical schemes to evaluate the benefits of each scheme Credits 5

242568 – Apply knowledge and insight of the medical scheme environment to evaluate risk in a selected medical scheme Credits 4

242579 – Analyse the implications of current and/or proposed reform for the Retirement Fund / Medical Scheme sub-sector in order to formulate a possible response Credits 3

242565 – Manage costs in a specific case with due regard for quality Credits 2

242594 – Apply knowledge of the different asset classes in order to give financial advice Credits 4

Portfolio of evidence completion (assignment) – six weeks for submission

Exam – three hours once a competent portfolio has been achieved

Class of Business Training will be achieved on successful completion for medical scheme brokers

WEALTH MANAGEMENT HEALTHCARE MODULE TO WEALTH MANAGEMENT RISK MODULE

This programme consists of the following unit standards:

242580 – Apply scenario planning to explain potential risk in a specified financial services context Credits 6

242573 – Determine the needs and wants of an entity in order to propose an appropriate financial solution Credits 4

242601 – Apply a researched trend to individual financial risk Credits 5

242554 – Research information in order to assist in conducting a financial risk assessment Credits 7

230071 – Apply basic economic principles to the financial services sector Credits 5

120075 – Demonstrate insight into current affairs in the Financial Services sector Credits 10

230075 – Demonstrate knowledge and insight into the changing nature of the financial services industry and its consumers Credits 6

119997 – Demonstrate knowledge and understanding of risk in a Financial Services environment Credits 5

230077 – Describe the financial life cycle of an individual and how this influences financial decisions Credits 8

230070 – Present an informed argument on a current issue in a business sector Credits 5

242574 – Present a proposal to optimize the tax aspects of the wealth management of an entity Credits 4

230078 – Apply the principles of ethics to a business environment Credits 10

Portfolio of evidence completion (assignment) – six weeks for submission

Exam – three hours once a competent portfolio has been achieved

The programmes are demanding and requires learners to commit to many hours of study to make the most of this experience and translating it into success.

This Wealth Management Qualification will be replaced by an Occupational Qualification: Financial Advisor. However the current qualification is still in place.