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.
When combined with the two core units (UK Regulation & Professional Integrity and Investment, Risk & Taxation) the technical units cover the following RDR FCA activities:
- Securities: Advising on (and dealing in) Securities (FCA Activities 2 & 12)
- Derivatives: Advising on (and dealing in) Derivatives (FCA Activities 3 & 13)
- Financial Planning & Advice: Advising on Retail Investment Products and Friendly Society Tax-Exempt Policies (FCA Activities 4 & 6)
Holders of a fully RDR compliant qualification can add additional specialist areas by passing the appropriate technical unit without the need to complete the core areas again.