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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. |
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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.
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a. COMPLETE educational qualifications:
EITHER:
Vocational path: Complete the National Certificate in Financial Services (Level 5)
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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3. Finally, once you have COMPLETED THE APPROVED DIPLOMA* or its equivalent, and a minimum of three years' experience as a Financial Adviser; | |
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Comprehensive
Case Study (from 2011) | |
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CFPCM Practitioner
CERTIFIED FINANCIAL PLANNERCM Practitioner | |
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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. |
*Approved Diplomas:
Financial Planners
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Insurance Advisers
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CFPCM and  are registered certification marks and CERTIFIED FINANCIAL PLANNERCM is a common law certification mark owned outside the U.S by Financial Planning Standards Board Ltd. Institute of Financial Advisers is the marks licensing authority for the CFP Marks in New Zealand, through agreement with FPSB. |
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Effective from 06 April 2011
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