The Professional Financial Services program will give you the skills you need for limitless career success. This one-year graduate certificate is designed for university and college graduates looking for a career in financial services. You'll learn about personal financial management, tax and retirement planning, insurance, investment and estate planning. You will also study the importance of people skills - critical for working with clients, evaluating their needs and offering financial advice. Available 100% online or in a traditional in-class format with a September and January admission.
If you are thinking about completing your diploma online you can assess your readiness with www.amiready.ca, Fanshawe's Online Readiness Indicator, a measure of the degree to which distance learning and/or learning in a technology-rich environment is the right fit for you. We also have a handy checklist to guide you along the way to becoming an online learner.
Qualified graduates can continue on to acquire industry designations and/or licenses, including the CFP® (Certified Financial Planner®) designation awarded by the Financial Planning Standards Council. An approved degree is a requirement for CFP® certification in 2022. Students are also prepared to write the Canadian Securities Course® and Life Licensing Qualification Program examinations as prerequisites to securities and life insurance licensing. Students will also have the option to complete the Mutual Funds Licensing course.
Students entering Level 1 of Professional Financial Services in January are expected to proceed to Level 2 of the program in the summer term.
Applicants applying to the Online version of the program should select Campus Code LCL (LCL-London - Online).
Applicants applying to the Online version of the program should ensure they have the appropriate technological capacity to complete the program, including access to a computer, required software and internet access for each course in the program.
Students with diplomas or degrees in any discipline are encouraged to apply. There is no expectation of business or finance education prior to admission.
Completion of external examinations related to obtaining insurance, securities and financial planning licensing is at the discretion of the students and would depend on their occupational objectives.
Professional Financial Services has higher than normal associated costs for materials, external registrations and external exams.
The graduate has reliably demonstrated the ability to:
Evaluate the Canadian financial services industry, capital markets efficiency, regulatory issues and global integration.
Evaluate Canadian statute law as it applies to the formulation of financial planning strategy.
Analyse client information to formulate financial planning strategies.
Develop a financial services business plan to build long term relationships, maintain efficient client communication and ensure accurate client records management.
Analyse compliance cases to reconcile planner advice and conduct, against accepted industry conduct and practice standards that reflect the industry code of ethics.
Analyse customer credit capacity and select loan instruments to meet customer needs.
Evaluate client risk tolerance, net worth and wealth creation potential to select appropriate investments most likely to achieve client goals and objectives.
Evaluate financial products and recommend asset allocation strategies in a constantly changing economic and political environment.
Analyse client or business risk management needs and recommend appropriate insurance product strategies.
Plan tax minimization strategies for clients.
Evaluate client estate and personal care needs in order to recommend strategies to ensure efficient estate distribution and continuity of personal care.
Create a comprehensive financial plan.
Take all of the following Mandatory Courses:
FINA-6012 Canadian Securities 1 4
FINA-6026 Professional Financial Planning 4
INSR-6001 Insurance Planning 4
FINA-6010 Financial Business Development 3
FINA-6008 Professional Retirement Planning 3
FINA-6003 Consumer Credit 3
Take all of the following Mandatory Courses:
FINA-6013 Canadian Securities 2 4
LAWS-6014 Law, Ethics & Conduct 3
FINA-6009 Trust & Estate Planning 3
FINA-6027 Comprehensive Financial Planning 4
FINA-6005 Taxation & Tax Planning 4
Students will be enrolled in one of the following courses:
MGMT-3059 or INNV-6001
MGMT-3059 Strategic Client Engagement 4
INNV-6001 Innovation Applications 4
Students Must Complete a Minimum of 11 credits in this program at Fanshawe College to meet the Program Residency requirement and graduate from this program
A Two- or Three-Year College Diploma, or a Degree(Note: minimum 'C+' average or cumulative 2.5 GPA)
An acceptable combination of related work experience and post-secondary education as judged by the College*
Five years of work experience in the Financial Services Industry as judged by the College to be equivalent
*Applicants may be required to submit a resume and cover letter that includes details of work experience.
English Language Requirements
Applicants whose first language is not English will be required to demonstrate proficiency in English by one of the following methods:
A Grade 12 College Stream or University Stream English credit from an Ontario Secondary School, or equivalent, depending on the program's Admission Requirements
Test of English as a Foreign Language (TOEFL) test with a minimum score of 88 for the Internet-based test (iBT), with test results within the last two years
International English Language Testing System (IELTS) Academic test with an overall score of 6.5 with no score less than 6.0 in any of the four bands, with test results within the last two years.
Canadian Academic English Language (CAEL) test with an overall score of 70 with no score less than 60 in any of the four bands, with test results within the last two years
Pearson Test of English Academic (PTE) with a minimum score of 59, with test results within the last two years
A Cambridge English Test (FCE/CAE/CPE) with an overall score on the Cambridge English Scale of 176 with no language skill less than 169, with test results within the last two years
An English Language Evaluation (ELE) at Fanshawe College with a minimum score of 75% in all sections of the test, with test results within the last two years
Fanshawe College ESL4/GAP5 students: Minimum grade of 80% in ESL4/GAP5 Level 9 or 75% in ESL4/GAP5 Level 10
Recommended Academic Preparation
It is highly recommended that students be proficient in the following areas before entry into the program:
Computer applications, particularly Microsoft Word, Excel and PowerPoint
Applicants may apply for advanced standing on the basis of previous academic achievement at another institution and/or Prior Learning Assessment and Recognition (PLAR). Advanced standing qualifies the applicant for direct entry to a second or higher level of the program.
Applicant Selection Criteria
Where the number of eligible applicants exceeds the available spaces in the program, the Applicant Selection Criteria will be:
Preference for Permanent Residents of Ontario
Receipt of Application by February 1st (After this date, Fanshawe College will consider applicants on a first-come, first-served basis until the program is full)
Achievement in the Admission Requirements
Graduates of Professional Financial Services are prepared to enter the financial services sector in a variety of fields, including customer service, banking, wealth management, life insurance, investments and credit financial planning. Graduates are suited to a variety of junior-level to intermediate-level positions, including sales representative, customer service supervisor, call centre supervisor, loan officer, mortgage specialist, bank supervisor, insurance advisor, investment advisor, tax advisor, credit counsellor, financial planner, wealth manager, retirement planners, estate planner and securities dealer.