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This diagram sets out the current education and qualification paths for practitioner members. For more details, please refer to the Membership & Certification Bylaws on the website at www.ifa.org.nz under Library: Institute Documents. |
All membership and qualification matters come under the jurisdiction of the Certification Committee. This committee is independent of the Board and Executive. If you believe you should not have to meet one or more of the requirements below, you should make a detailed case and send it, with supporting documentation, to this committee via the National Office: PO Box 5513, Wellington. Phone 0800 404 422. | |
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1. New members join as Provisional members; at the time of application you:
- declare involvement as a financial adviser
AND
- agree to complete the Education/Training and other requirements for General membership within 2 years. In some cases, prior learning and or industry experience is recognised. This can change the education and/or mentoring requirements.
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a. COMPLETE educational qualifications:
EITHER:
Vocational path: Complete the Certificate in Financial Services (CertFS) run by Adviserlink Learning:
OR
University path:Complete 4 Papers of an approved University Diploma*, and undertake to complete the full Diploma within 4 years of becoming a Provisional member.
AND
b. Complete 2 years MENTORING.
Provisional members working for an ATO (Approved Training Organisation) complete similar requirements.
ON COMPLETION OF THESE REQUIREMENTS YOU MAY APPLY FOR GENERAL MEMBERSHIP.
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Stop here, or go on for higher practitioner membership status | |
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Associate Financial Planner
(AFP) Complete 4 papers towards Diploma in Personal Financial Planning* and declare intention to qualify as CFPCM
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Associate Life Underwriter
(ALU) Complete 4 papers towards Diploma in Personal Risk Management*, approved course in business financial services and declare intention to qualify as CLU
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4. Finally, once you have COMPLETED THE APPROVED DIPLOMA* or its equivalent, and subject to the final requirements below, you may apply for our highest designation: | |
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Comprehensive
Case Study (from 2011) |
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CFPCM
CERTIFIED FINANCIAL PLANNERCM | |
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CLU
CHARTERED LIFE UNDERWRITER | |
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Finally, ALL PRACTITIONER MEMBERS, whether fully qualified or not, have to complete the required hours of Continuing Professional Development (CPD) every two membership years. Refer to the CPD Guidelines for details.
Note: All Adviserlink Learning courses can be ‘challenged’ (if you don’t think you need to complete a particular course, you may be eligible to apply to complete the Adviserlink Learning challenge assessment). |
*Approved Diplomas:
Financial Planners
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Insurance Advisers
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Effective from 01 January 2009 |
