Minimum 2-3 years Financial Planning / Advice in Long-term Insurance and investment. NQF 5 FSB approved qualification (120 FAIS Credits). RE 5 Certification. Fit and proper for typical license categories.
To follow the six steps of financial planning in executing the role of a FAIS licensed financial adviser.
A professional introduction must be made to introduce the adviser and the services offered by the adviser.
Upon client approval the adviser may conduct a Financial Needs Analysis (FNA) in the disciplines of Investment, Life Insurance and Estate planning. Based on the concluded FNA, make recommendations to address single or multiple needs identified on behalf of the client. Advice recommendations must be presented under the license categories for which the adviser is accredited and approved product(s) that meet the needs of the client.
On client acceptance of all or part of the advice, the adviser is required t...