Types of Advisors

FPI professional designations

The Financial Planning Institute (FPI) offers three SAQA registered designations, namely RFP, FSA, and CFP® professional. The RFPand FSA professional designations are specifically for professional financial advisers and the internationally recognised CFP® professional designation is for Financial Planners.

WHAT ARE THE DIFFERENCES BETWEEN THE DESIGNATIONS?

REGISTERED FINANCIAL PRACTITIONER

A REGISTERED FINANCIAL PRACTITIONER has completed a FPI accredited level NQF5 (old) or level NQF6 (new) qualification; has one (1) year relevant financial services experience or more; has completed the professional competency examination (written or exempt); and has agreed to abide by the FPI Code of Ethics and Professional Standards.

FINANCIAL SERVICES ADVISOR

A Financial Advisors have completed a l FPI accredited level NQF6 (old) or NQF7 (new) qualification; has two or more years financial services experience; has completed the professional competency examination (written or exempt); and has agreed to abide by the FPI Code of Ethics and Professional Standards.

CERTIFIED FINANCIAL PLANNER®

A CERTIFIED FINANCIAL PLANNER professional completed a FPI accredited level NQF8 qualification; has three (3) years financial services experience or more or completed FPI mentorship programme; has completed the professional competency examination; and has agreed to abide by the FPI Code of Ethics and Professional Standards.

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