Investment Advice Diploma

CISI level 4 Diploma in Investment Advice

ESMA/MiFID II compliant

Why study the Investment Advice Diploma (IAD)?

The IAD was specifically developed to comply with the examination standards of the RDR and it appears on the FCA’s Appropriate Qualification tables. It provides a sound grounding in UK financial services and consumer relationships, macro-economic environment, settlement, safe custody and prime brokerage, exchange traded futures and options and financial protection.

Is the Investment Advice Diploma right for me?

The IAD is suitable for practitioners advising and/or dealing in Securities or Derivatives, or advising on Retail Investment Products and Friendly Society Tax-Exempt Policies and/or Managing Investments.

Key features:

  • Offers a progressive study pathway – the IAD is the first step in the CISI’s UK wealth management qualifications study pathway and offers access to higher-level qualifications
  • Recognised by the FCA and RDR compliant – the IAD features on the Financial Conduct Authority’s Appropriate Qualification tables (Securities unit: regulated activities 2 and 12; Derivatives unit: regulated activities 3 and 13; Private Client Advice and Financial Planning & Advice units: regulated activities 4 and 6)
  • Free CISI Student membership – become associated with a Chartered professional body and take advantage of an extensive range of benefits
  • Access to Associate membership and ACSI designatory letters

Qualification factsheet

Qualification Structure

The IAD is achieved by successfully passing the units listed below. 

Exemptions from certain units are available. View exemption list.

The Investment Advice Diploma is regulated by Ofqual (on its Regulated Qualifications Framework) as the CISI Level 4 Diploma in Investment Advice. On the European Qualifications Framework, this equates to a level 5 qualification.

Total Qualification Time:
426 hours

Total Qualification time is a term that Ofqual require awarding organisations to use. It is an estimate of the total time a candidate might typically take to complete the qualification. It includes Guided Learning Hours and any other time a candidate is likely to spend in studying for the qualification.

 

Exam Details

Exam Availability

Pass Mark / Pass Rate

The current pass rate for this exam is and the pass mark is . The exam grades are as follows:

Regulated Qualifications Framework

credits on the Regulated Qualifications Framework are awarded upon successfully passing this exam

Feedback and Appeals

For further details on how to give us your feedback and / or Appeal your result, please refer to our Exam Policies.

Study support

Self-study

A CISI workbook is required to be purchased when booking each exam. This is to ensure there is one standard workbook from which all exam candidates can prepare. You can also choose to purchase CISI elearning to support your exam preparation.

Buy study material Find out about My Study

Accredited Training Partners

You can choose to complete formal training for our exams with a CISI Accredited Training Partner (ATP).

Find an ATP near you

Post Qualification Opportunities

Membership

Obtaining the Investment Advice Diploma entitles candidates to join the Institute at ACSI membership level. As a member of the Institute, you will enjoy the recognition of being a professional in a world of increasing competition. The extensive continuing professional development (CPD) opportunities available through the CISI’s suite of membership benefits ensures financial services practitioners can maintain competence and meet the requirements of firms and the regulator.

Higher Level Qualifications