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Level 4 Diploma for Financial Advisers DipFA

Course Code


Study a highly relevant and practical finance qualification giving you the knowledge and skills to kickstart or boost your career in financial planning.

  • Quality training without having to leave your office or home.
  • Industry experienced tutors, specifically trained to support in an engaging and interactive way ensuring the best possible chance of exam success.
  • Enhance your chances of landing a job in financial planning.
  • Upon completion, you are able to use the ‘DipFA’ designation after your name.
  • An industry leading benchmark qualification approved by the FCA, allowing learners to gain their Financial Advisor qualification and take it into the workplace.
This course is only available to study online.

Course overview

The DipFA is an industry benchmark financial adviser qualification which meets the FCA’s requirement for retail investment advisers. Highly relevant and practical, the qualification is tailored to reflect the Independent Financial Adviser (IFA) role, giving you the knowledge and skills you need to use your learning in the workplace. The assessments include case study-based learning that replicates the real-life activities of advisers and multiple choice tasks with results provided on the day.

Course Duration

12 months.

Course Outcome

Upon completion, you will be awarded the Level 4 Diploma for Financial Advisors (DipFA).

Entry Requirements

There are no entry requirements for this course.


Coursework and multiple choice exams.

Course content

Extra info

Entry requirements

There are no entry requirements for this course.

Course duration

You will have 12 months to complete this course.

Awarding body

This course is provided by Simply Academy, a leading financial services training provider who have achieved Trusted Partner Status the highest accolade awarded by The London Institute of Banking & Finance. To achieve this status an organisation must be able to demonstrate that they can provide the highest standards of education and training.


Module 1 – one, 2 hour-multiple choice assessment split into two units with each unit including 25 multiple-choice questions, 3 case studies with 5 linked multiple-choice questions. Both units are worth a total of 80 marks.

Modules 2-5 each have a 90-minute multiple-choice exam that is split into 2 units. Each unit includes 20 multiple-choice questions, 2 case studies with 5 multiple-choice questions related to each case study. Each unit is worth 30 marks.

Module 6 – Coursework consisting of pre-released fact find with an essay response worth 240 marks.

Assessment fees are not included within the course price. These can be taken on a modular basis, and paid for as you progress through the qualification.

Exam fees are currently as follows:

Module 1 – Financial Services Regulation & Ethics – £320

Module 2 – Taxation – £220

Module 3 – Investment – £220

Module 4 – Protection – £220

Module 5 – Retirement Planning – £220

Module 6 – Coursework – £180

If learners wanted to go on and gain their CEMAP qualification after completing this course, they would not be required to complete Module 1 of the CEMAP qualification.

Study method

Due to the nature of the qualification, there is online study but also a number of virtual events the students have to attend. These are full days which the student can book onto. 21 days in advance of the session taking place, they are provided with a digital course pack. The sessions themselves run for full days split into morning (9:30-12:30) and afternoon (13:30-16:30) sessions.

The sessions required for each module are as follows:

Module 1 – 4 days

Module 2 – 2 days

Module 3 – 3 days

Module 4 – 2 days

Module 5 – 3 days

For module 6 learners are given access to study aides to help complete their coursework assignment. They need to complete the coursework element within four weeks.

Course outcome

Providing all assessments are passed and completed the student will be awarded the Level 4 Diploma for Financial Advisors (DipFA). Upon completion, you are also able to use the ‘DipFA’ designation after your name.


This qualification provides a route for learners to become a qualified financial adviser.


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