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Financial Planning
Financial planning is the process of meeting your life goals through the proper management of your finances. Life goals can include buying a home, saving for your child’s education or planning for retirement.
The financial planning process consists of steps that help you take a "big picture" look at where you are financially. Using these steps, you can work out where you are now, what you may need in the future and what you must do to reach your goals.
The process involves gathering relevant financial information, setting life goals, examining your current financial status and coming up with a strategy or plan for how you can meet your goals given your current situation and future plans and reviewing this on an ongoing basis.
Training:
- ASSOCIATE FINANCIAL PLANNER™ (AFP™)
The FPI has partnered with a number of providers and currently recognises the following qualifications for membership purposes as an ASSOCIATE FINANCIAL PLANNER™ (AFP™):
- B.Iuris Financial Planning (University of the Free State)
- B.Com Financial Planning ((Nelson Mandela Metropolitan University)
- B.Com Financial Planning (University of Johannesburg)
- National Certificate in Financial Planning (Milpark Business School) [SAQA ID: 57695]
The FPI’s AFP™ Professional Board Assessment is embedded in these qualifications and having obtained the qualification and passed the board assessment through one of the above institutions, the learner will be invited to take up membership with the FPI. The minimum relevent industry experience requirement for AFP™ professional membership is 2 years.
Each provider has their own admission requirements. For more information, please contact the institution directly.
In addition, the AFP™ Professional Board Assessment is available to individuals who are already in possession of an NQF Level 6 qualification (degree or equivalent diploma) and who wish to take up membership with the FPI.
Examinations take place twice a year in February and October.
- CERTIFIED FINANCIAL PLANNER® (CFP®)
The Financial Planning Institute has partnered with a number of educational institutions and recognises the following qualifications for membership purposes as a CERTIFIED FINANCIAL PLANNER® professional (CFP®):
- Post Graduate Diploma in Financial Planning:(University of the Free State) &(University of Stellenbosch
- B. Com Honours Financial Planning (University of Johannesburg)
The FPI’s CFP® Professional Board Assessment is embedded in these qualifications and having obtained the qualification and passed the board assessment through one of the above institutions, the learner will be invited to take up membership with the FPI.
Each University has their own admission requirements. For more information kindly contact the institution directly.
Source: FPi (The Financial Planning Institute). The FPi is regarded as the leading independent professional body for financial planners in South Africa.
