Thank you for this video. Very useful! I'm a bit late to DipFA, but have been trading stocks and managing accounts for local SMEs for about a decade (I had a few in my family, then they recommended me to friends, then it branched from there). I've worked salaried jobs in payroll, accounts, government funding and also fintech. I have always been honest about being a 'hobbyist' and not a qualified IFA, but as I was making people good money they were fine with paying for my skills/knowledge. I'm now looking to get some relevant qualifications so I can do IFA work as an actual career, either independently or with a firm. DipFA seems like the entry route into IFA work, so I've started there. I studied 2 years of an economics degree at university, which seems to overlap a lot. So far most of the content isn't new to me, which helps a lot. My biggest confusion is over booking exams for each of the units. Is 3 months enough for unit 1 and 7 months enough for the coursework and then unit 2 exam? Or should I have a bigger gap? I was asked to pick exam dates at random when I signed up, but had no idea how long it would take back then.
Hi There, Thanks for your comment - we're glad you enjoyed it. On the timetable section (bit.ly/3uAtiez) for DipFA it says for unit one "We advise you to allow three months' study time for Unit 1, and to sit the exam before starting work on Unit 2" so that sounds about right. For unit two it says "we recommend allowing a study time of six months to complete the unit" so you have potentially given yourself more time than you would need - especially when considering your background as you mentioned. If in doubt, I would definitely recommend contacting the LIBF directly. When I have spoken to them previously they have always been very helpful and easy to get hold of. It may be worth asking about what options you may have with rearranging Hope this helps. Kind regards, Taylor Maddock Marketing Executive
Excellent video, found it really useful. I have a few questions if you have an opportunity to answer them: The first would be: would this qualification be adequate for an entry level role in financial advising? I’m unsure how I would stack against other candidates for entry level roles as I have no prior experience in financial advice. Secondly, what would be the average expected salary for someone going into an entry level role? There’s seems to be a lot of debate about this online and I’d be interested to hear your thoughts as you do appear to be very informed. Finally, do you think there could be any transferable skills from accounting? I’m a qualified and licensed member of AAT and I’m unsure whether some of my knowledge in accounting would be relevant to both the role itself or the course. Again, brilliant video and thanks for posting it. You’ve definitely earned a subscription, many thanks. 😃
Hi There, Thanks for the comment, we're glad you found the video useful. In answer to your questions: 1. Yes DipFA would be more than suitable for an entry level position - it is seen as the go-to qualification for Financial Advisors. 2. Although we don't have any data on entry level Financial Advisor positions the Trainee Financial Advisor position we do have open has a starting salary of £35,000. The data we do have from our own vacancies says that the average Financial Advisor salary is £51,061. 3. I'm sure there will be lots of transferable skills but unfortunately, I don't think that much of your studies from AAT will be directly transferable for DipFA. I would reccomend you check out a video we have created titled "How to transition your career" here's the link: th-cam.com/video/yB0zoFDNqJI/w-d-xo.html Hope this helps. Kind regards, Taylor Maddock Marketing Executive
Thank you - glad you liked it! This is something we are looking into covering in the future. The DipFA has a more holistic financial planning approach and better suited to Financial Advisors / Financial Planners. Whereas the IAD has much greater focus on investments (with less on pensions and protection) and better suited to Investment Managers / Wealth Managers. Both are good, depends on which area of the industry you want to get into
Very useful video, thank you.. I'm currently looking into studying for a DipFa to aid with a career change from the construction trade to Financial analysis, at 34 with no university degree do you think it would be possible to land a job in the industry after gaining a DipFa at this stage of my life . Many thanks
We can't guarantee anything, getting DipFA is a good place to start though and shows initiative. There are trainee roles, these are usually very competitive though and often our successful candidates have some level of industry experience whether that be Paraplanning or Mortgage advice.
Yes you can. When you register directly through the LIBF, you have the option to complete the qualification without tutor support. This costs £1,050 and includes the study materials you need and your exam fees. Hope this helps!
Hi There, Please see below the link to the Accredited Learning Support Providers: www.libf.ac.uk/learning-solutions/partnership/accredited-learning-support-provider Kind regards, Taylor Maddock Marketing Executive
Hi Tam, We have just spoken to the LIBF for you to clarify, they said "There is no exception when going from CeMAP to DipFA but there is other way round e.g., if you do you DipFA you get an exemption for the first CeMAP exam" - Taylor
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Thank you for this video. Very useful! I'm a bit late to DipFA, but have been trading stocks and managing accounts for local SMEs for about a decade (I had a few in my family, then they recommended me to friends, then it branched from there). I've worked salaried jobs in payroll, accounts, government funding and also fintech. I have always been honest about being a 'hobbyist' and not a qualified IFA, but as I was making people good money they were fine with paying for my skills/knowledge. I'm now looking to get some relevant qualifications so I can do IFA work as an actual career, either independently or with a firm.
DipFA seems like the entry route into IFA work, so I've started there. I studied 2 years of an economics degree at university, which seems to overlap a lot. So far most of the content isn't new to me, which helps a lot. My biggest confusion is over booking exams for each of the units. Is 3 months enough for unit 1 and 7 months enough for the coursework and then unit 2 exam? Or should I have a bigger gap? I was asked to pick exam dates at random when I signed up, but had no idea how long it would take back then.
Hi There,
Thanks for your comment - we're glad you enjoyed it.
On the timetable section (bit.ly/3uAtiez) for DipFA it says for unit one "We advise you to allow three months' study time for Unit 1, and to sit the exam before starting work on Unit 2" so that sounds about right. For unit two it says "we recommend allowing a study time of six months to complete the unit" so you have potentially given yourself more time than you would need - especially when considering your background as you mentioned.
If in doubt, I would definitely recommend contacting the LIBF directly. When I have spoken to them previously they have always been very helpful and easy to get hold of. It may be worth asking about what options you may have with rearranging
Hope this helps.
Kind regards,
Taylor Maddock
Marketing Executive
Thanks for your video, got the answers I was looking for, informative and concise.
Thank you Reece!
Kind regards,
Taylor Maddock
Marketing Executive
Excellent video, found it really useful. I have a few questions if you have an opportunity to answer them:
The first would be: would this qualification be adequate for an entry level role in financial advising? I’m unsure how I would stack against other candidates for entry level roles as I have no prior experience in financial advice.
Secondly, what would be the average expected salary for someone going into an entry level role? There’s seems to be a lot of debate about this online and I’d be interested to hear your thoughts as you do appear to be very informed.
Finally, do you think there could be any transferable skills from accounting? I’m a qualified and licensed member of AAT and I’m unsure whether some of my knowledge in accounting would be relevant to both the role itself or the course.
Again, brilliant video and thanks for posting it. You’ve definitely earned a subscription, many thanks. 😃
Hi There,
Thanks for the comment, we're glad you found the video useful. In answer to your questions:
1. Yes DipFA would be more than suitable for an entry level position - it is seen as the go-to qualification for Financial Advisors.
2. Although we don't have any data on entry level Financial Advisor positions the Trainee Financial Advisor position we do have open has a starting salary of £35,000. The data we do have from our own vacancies says that the average Financial Advisor salary is £51,061.
3. I'm sure there will be lots of transferable skills but unfortunately, I don't think that much of your studies from AAT will be directly transferable for DipFA. I would reccomend you check out a video we have created titled "How to transition your career" here's the link: th-cam.com/video/yB0zoFDNqJI/w-d-xo.html
Hope this helps.
Kind regards,
Taylor Maddock
Marketing Executive
Whats the difference between DipFA from LIBF and CISI Level 4 Investment Advice Diploma (IAD) ? thanks mate, very informative vid!
Thank you - glad you liked it! This is something we are looking into covering in the future. The DipFA has a more holistic financial planning approach and better suited to Financial Advisors / Financial Planners. Whereas the IAD has much greater focus on investments (with less on pensions and protection) and better suited to Investment Managers / Wealth Managers. Both are good, depends on which area of the industry you want to get into
How could i contact you. Thank you
Very useful video, thank you.. I'm currently looking into studying for a DipFa to aid with a career change from the construction trade to Financial analysis, at 34 with no university degree do you think it would be possible to land a job in the industry after gaining a DipFa at this stage of my life . Many thanks
We can't guarantee anything, getting DipFA is a good place to start though and shows initiative. There are trainee roles, these are usually very competitive though and often our successful candidates have some level of industry experience whether that be Paraplanning or Mortgage advice.
@@PremierJobsUKforgot to tag you
Hi, is there any exam exceptions if I have completed a Bsc financial economics degree?
Hi, it is our understanding that there are no exceptions. Get in touch with the LIBF though, just to make sure. Hope this helps!
Can I sit the exams if I’m self taught so not through a course? And obtain the qualification if they’re both passed?
Yes you can. When you register directly through the LIBF, you have the option to complete the qualification without tutor support. This costs £1,050 and includes the study materials you need and your exam fees. Hope this helps!
Hai dude, I need more details about this course..whom to contact for study
Hi There,
Please see below the link to the Accredited Learning Support Providers:
www.libf.ac.uk/learning-solutions/partnership/accredited-learning-support-provider
Kind regards,
Taylor Maddock
Marketing Executive
I already have a CeMAP. Do I have any exemptions for DipFA? Thanks
Hi Tam,
We have just spoken to the LIBF for you to clarify, they said "There is no exception when going from CeMAP to DipFA but there is other way round e.g., if you do you DipFA you get an exemption for the first CeMAP exam"
- Taylor
Nice info mate , can i have a word with you
Hi, happy to have a chat. Please call 0208 0044 154 or email ryanv@premierjobsuk.com
Hai dude, I need more details about this course..whom to contact for study
Hi Rajkumar, as mentioned in the video (6:40) there is a list of accredited training providers from the LIBF. Or contact the LIBF directly