What are the disadvantages of the IAF financial advisor training?
Financial Advisor IAF training enables you to provide independent financial advice to private individuals in personal and financial circumstances of low to medium complexity in the areas of assets, pensions, insurance and real estate. You will be able to place investment, pension, insurance and financing products in such a way that they meet the needs of your clients.
The main disadvantages of the IAF financial advisor training are:
The Financial Advisor IAF qualification is not a federally recognized qualification.However, it is recognized by Finma (Financial Market Supervisory Authority) as a professional qualification for registration as an insurance intermediary, by all FinSA advisor registers, by the Swiss Financial Planners Organization SFPO, by Cicero (continuing education register of the Swiss insurance industry) and by the SAQ (Swiss Association for Quality).
At certificate level, the course content and admission requirements are generally not regulatedand can be determined autonomously by the schools. Quality assurance is carried out by the IfFP Institute for Financial Planning, which organizes and conducts the examinations.
For a job in financial consultingin addition to basic knowledge of finance and professional experience with customer contactarithmetic skills, economic thinking, reliability and memory are also required.Not everyone has all of these skills and not all of them can be acquired through training as a financial advisor IAF.
The training costs of just under CHF 10,000 are not covered by the federal government,if the Federal Professional Examination is not also taken.
Even as a qualified financial advisor IAF, the learning does not stop:This is only the first step on the way to becoming a financial planner with a federal certificate. If you want to work as a qualified financial planner, you should still take the Federal Professional Examination.
Graduates work, for example, in retail and affluent customer advisory services at banks, in the sales force of life insurance companies or as advisors at independent financial institutions.
