Descriptions of Membership Types

All practitioner members of IFA have undergone credit and referee checks. All members undertake to:

  • Use the international best practice advice process - gathering facts, analysing the client's needs, researching options, providing written recommendations, implementing solutions, with ongoing reviews for the client
  • Comply with IFA Code of Ethics, Practice Standards and other rules
  • Keep up-to-date by doing at least 60 hours of Continuing Professional Development over each two-year period 
CFPCM Practitioner Member

A CFPCM (Certified Financial PlannerCM) Member has advanced competence as a comprehensive financial planner by completing:

  • Minimum of three years industry experience
  • Vocational training (the current requirement is a Certificate in Financial Services, equivalent to six months' full-time learning)
  • An approved Graduate or Post-Graduate Diploma, equivalent to a year's full-time university study
  • One years' approved supervision
  • A final Case Study based Certification Examination

Click HERE for more information on CFPCM designation.

CFPCM and are registered certification marks and CERTIFIED FINANCIAL PLANNERCM is a common law certification mark owned outside the U.S by Financial Planning Standards Board Ltd. Institute of Financial Advisers is the marks licensing authority for the CFP Marks in New Zealand, through agreement with FPSB. 

CLUCM Practitioner Member

A CLUCM (Certified Life UnderwriterCM) Member has demonstrated advanced competence as an insurance adviser by completing:

  • Minimum of three years industry experience
  • Vocational training (the current requirement is a Certificate in Financial Services, equivalent to six months' full-time learning)
  • An approved Graduate or Post-Graduate Diploma, equivalent to a year's full-time university study
  • One years' approved supervision 

Click HERE for more information on CLUCM designation.

Practitioner Member

A Practitioner Member is an Authorised Financial Adviser (AFA) or an adviser who has attained Level 5 , National Certificate in Financial Services.

Associate Member

An Associate Member is a Registered Financial Adviser (RFA) or an adviser working within a QFE (Banks, Insurance Companies) or advisory firm.

AFP

An AFP (Associate Financial Planner) Member has demonstrated intermediate competence as a financial planner by completing:

  • Vocational training (the current requirement is a Certificate in Financial Services, equivalent to six months' full-time learning)
  • 4 of the 8 university papers required for an approved Graduate or Post-Graduate Diploma, equivalent to a years' full-time study
  • Two years' approved mentored experience 
ALU

An ALU (Associate Life Underwriter) Member has demonstrated intermediate competence as an insurance adviser by

  • Vocational training (the current requirement is a Certificate in Financial Services, equivalent to six months' full-time learning)
  • 4 of the 8 university papers required for an approved Graduate or Post-Graduate Diploma, equivalent to a years' full-time study
  • Two year's approved mentored experience
Student Member

Open to all New Zealand resident students studying full or part time in the financial services area, who are not eligible for our other member classes.

IFA Membership Booklet

 

Click here to view the Membership Booklet.