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SII offers level 6 wealth management qualification

The Securities & Investment Institute has developed a stand-alone, higher level qualification for existing wealth managers.

The Certificate in Private Client Investment Advice & Management focuses on giving advisers the skills to understand and apply the principles of private client investment advice.

It consists of one unit which is assessed by a three-hour written examination.

The qualification is accredited by Ofqual as a level six qualification and the certificate also covers the four core areas required by the FSA, including regulation and ethics, investment principles and risk, taxation and the practical application of knowledge.

The SII says the certificate has been endorsed by the FSA and the Financial Services Skills Council as an appropriate qualification that can be taken now in advance of the new minimum higher-level exam standards being developed.

Candidates can then bridge any gaps between the new and the previous exam standards through continuing professional development.

SII managing director Ruth Martin says: “The Private Client Investment Advice & Management qualification has been an established examination within the prestigious postgraduate SII diploma.

“Many firms have used it as a stand-alone competence test for investment managers and directors; its recognition as a challenging, relevant stand alone qualification in its own right will enable existing advisers to meet the exacting requirements of the RDR with a qualification already used and applauded across the sector.”


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