Our approach to qualifications
Whether you’re new to financial advice or already hold one of the qualifications listed below, there are two routes to join our Academy.
A guide to qualifications
To give financial advice in the UK, you’ll need to hold a Level 4 Regulated Financial Advice qualification, recognised by the Financial Conduct Authority, and achieve Competent Adviser Status (CAS).
The following qualifications meet the Level 4 requirement and are the most common qualification pathways to becoming a financial adviser.
However, some individuals may have become qualified via an alternative route.
- CII’s Diploma in Regulated Financial Planning (DipPFS)
- LIBF’s Diploma for Financial Advisers (DipFA)
- CISI’s Investment Advice Diploma (IAD)*
*For the CISI IAD, you must also complete the Financial Planning & Advice unit or an equivalent, such as Retail Advice and Planning or Private Client Advice.
Who are the professional bodies?
These organisations provide professional qualifications, training, and continuous development opportunities for their members. They are committed to maintaining high standards of professionalism and ethical conduct within the financial services profession.
Explore the sections below to learn more about each professional body and the qualifications they offer for individuals aspiring to provide financial advice:
London Institute of Banking and Finance (LIBF)
The LIBF is the professional body for those working in banking, finance, and related fields.
LIBF’s Diploma for Financial Advisers is split across six modules, assessed via multiple choice exams, case study questions and coursework.
Chartered Institute for Securities and Investments (CISI)
The CISI is a professional body popular with those working in banking and investments as the Securities and Derivatives units are most relevant for these professions.
The CISI’s Investment Advice Diploma (IAD) is split The CISI route consists of three units. Units 1 and 2 are mandatory, whereas Unit 3 can be chosen by the candidate.
* If you have already completed CISI’s Investment Advice Diploma (IAD) in Derivatives or Securities, you’ll also need to have attained the Financial Planning & Advice unit to start at Term 2. Otherwise, your journey begins in Term 1.