Course Finder

08. I want to specialise in a particular area. What training do I need?

As mentioned previously, Generic Knowledge is the FOUNDATION COURSE required by any individual seeking to provide general or personal advice in any Specialist Knowledge area.  At IIT, our courses are as follows:

GK = Generic Knowledge (first FOUR Modules of FPP)

FPP = Financial Planning in Practice

PRM = Principle of Risk Management

PIP = Principles of Investment Planning

PRS = Principle of Retirement and Superannuation

If you wish to specialize as a particular type of Financial Adviser then you need to undertake the following courses:

Courses Required Workshop Distance Education Courses Required Workshop Distance Education
Type of Adviser Personal Advice General Advice
Insurance Adviser FPP + PRM 4 Days YES GK + PRM 3 Days YES
Investment Adviser FPP + PIP 4 Days YES GK + PIP 3 Days YES
Superannuation Adviser FPP + PRS 4 Days YES GK + PRS 3 Days YES
Financial Planner / Adviser FPP + PIP + PRS + PRM (Full Diploma) 8 Days YES Must provide PERSONAL advice N/A YES

Depending on the type of advice you want to provide and the specialist knowledge area(s) you wish to provide advice in, the courses detailed in the table above will provide you with the required Unit of Competencies to meet the minimum training standards as set out by ASIC in RG146.

Units of Competency issued include:
•       ASIC Units of Competency
•       Prerequisite Units of Competency (for ASIC Units)
•       Industry Core Units of Competency
•       Sectoral Core Units of Competency
•       Elective Units of Competency

Please call our friendly team of Education Advisers if you want more details about the specific units of competency covered in each IIT course.