Possess GCE 'A' Level or diploma/ degreeorPossess prior working experience in a Financial Institution
Explain the features, benefits, limitations, risks and suitability of financial products to individuals with financial planning needs.
Exemption available upon completion of:
-Capital Markets & Financial Advisory Services (CMFAS) Module 8 and 8A or 9 and 9A
and
-Certificate in Health Insurance.
Apply relevant laws and regulations governing financial planning activities and maintain awareness of industry trends and developments.
Exemption for this Competency Unit available upon completion of the Capital Markets & Financial Advisory Services (CMFAS) Module 5
Develop professional relationships with clients based on trust, empathy, credibility and ethical conduct.
Recognise sources of client acquisition and perform client acceptance checks and on-boarding of prospective client
Gather information on client's income, expenses, taxes and savings to analyse their management of cash flows.
All competencies are portable to IBF Standards: Wealth Management Relationship Management - Retail Banking/Priority Banking (Level 1) subject to bridging programme and provided learner has completed all competencies within IBF Standards: Financial Planning - Personal (Level 1)
Analyse client's life, health and personal general insurance needs and establish their risk profile.
Analyse client's basic investment needs to establish their investment profile.
Analyse client's financial situation to establish their retirement goals and needs.
Construct personal financial plan for client to ensure financial goals are successfully achieved over the planning horizon.
Review client's financial plan and engage client to perform ongoing servicing of their accounts.
All competencies are portable to IBF Standards: Weal th Management Rel ationship Management - Retail Banking/ Priority Banking (Level 1) subject to bridging programme and provided learner has completed all competencies within IBF Standards: Financial Planning - Personal (Level 1)