AIF® Training
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What is the AIF® training?
AIF training covers investment practices substantiated in law and regulation for Australia and New Zealand advisers. It empowers financial professionals with the knowledge and tools they need to service their client’s best interests while successfully growing their business. In the US, the Accredited Investment Fiduciary® is one of the top ten financial certifications to hold according to U.S. News. It is now available in New Zealand, Australia and the Pacific through MyFiduciary - Broadridge training alliance. What is a Fiduciary? A Fiduciary is someone who is managing the assets of another person and stands in a special relationship of trust, confidence, and/or legal responsibility. Who should do the training? The AIF® is designed for Financial Advisers, Funds Managers, Trustees, Board and Investment Committee members, as well as all staff in organisations that are in a fiduciary role. |
Course Curriculum
The focus of our training programmes is to teach a comprehensive overview of fiduciary standards of care, clarity of roles and responsibilities, asset allocation, preparation of investment policy statements, fund manager search and due diligence, performance measurement, and other related subjects.
The training provides a comprehensive overview on the 8 core requirements for good investment governance:
- Know standards, laws and Trust provisions
- Diversify assets to specific risk/return profile of client
- Prepare investment policy statement (SIPO)
- Prudently select fiduciary and non-fiduciary service providers and document due diligence
- Control and account for investment expenses and other costs
- Avoid or manage conflicts of interest in favour of the client
- Monitor service providers and prudently manage service provider relationships
- Monitor and ensure conformity to fiduciary obligations owed to clients and beneficiaries
Learning Outcomes
Our goal is to offer participants practical guidance on how to implement an investment governance framework as well as keeping abreast of their legal requirements outlined by the Regulator. Upon successful completion of our training, participants will be able to:
- Articulate the basis for, and benefits of, fiduciary standards standard of care
- Identify the legal standards that require fiduciaries to prudently manage investment decisions
- Apply best Practices that define a prudent investment process for investment
- Strengthen own or clients' fiduciary policies and procedures
AIF® Training Options
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In-person Training
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Virtual Training
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Online Self-Paced
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Enrolling
For in-person or virtual training we require a minimum of 8 people for the course to go ahead. Please register your interest here and we will let you know dates for the upcoming training.
You can register with us to enroll for the self-paced option. We will provide you with instructions on payment and how to access the training platform.
Once enrolled, you will be able to follow steps to create an Fi360 account which enables you to access pre-training materials, resources, scheduling your exam and designation management.
Cancellation Policy
- MyFiduciary can switch a participant to another AIF® training option instead of a cancellation, if requested. The participant will need to pay the difference in fees if the switched course fees are more than what was originally paid for, or receive a refund of the difference in price.
- MyFiduciary will consider requests for refunds based on extenuating circumstances and compassionate grounds.
Experience pre-requisites to obtain the AIF® designation
There are five requirements for attaining the AIF® designation:
1. Experience Requirement:
One of the following combinations of education, industry experience, and/or professional development is required to meet the experience requirement for the Accredited Investment Fiduciary® (AIF®) Designation. Relevant experience is that which has been accrued in a non-clerical role within the financial services (or a related) industry.
- Minimum of two (2) years of relevant experience; a bachelor’s degree (or higher); and a professional credential.
- Minimum of five (5) years of relevant experience; a bachelor’s degree (or higher) or a professional credential.
- Minimum of eight (8) years of relevant experience.
2. Enrol and complete AIF® Training that satisfies AIF training requirements.
3. Pass the Examination
4. Satisfy the Code of Ethics and Conduct Standards
5. Submit the application and dues
All requirements must be met within one year of passing the Examination. After one year, a candidate must retake and pass the exam to meet the examination requirement for certification.
Access to Training Materials
Each AIF® training option includes access to online educational content. Once your Fi360 account is created, you have access to the online content for 180 days.
Reactivation and Extension
Upon expiration of access to the AIF® training content, a participant may purchase an extension for a fee (USD $150). Access to the content is granted for one hundred eighty days with each extension. For more information visit.
Sitting Your Exam
After the AIF® training course is complete, you can schedule your exam date via your Fi360 account.
ProctorU is the primary proctor solution for the majority of AIF® Candidates. Any AIF® Candidate who wishes to take the exam remotely and on-demand must schedule with ProctorU. No other remote proctoring solution is authorised for taking the exam.
A minimum score of 70% on the AIF® examination is required to attain the AIF® designation.
The proctored exam is a timed, closed-book assessment of the Prudent Practices and methodology, as well as their proper application. It consists of eighty multiple choice questions with a time-limit of one hundred twenty minutes. Re-testing is governed by the examination retake policy.
Re-sitting Your Exam
For the AIF® Designations, a testing fee of USD $75 applies from Fi360 for each attempt after the first.
Initial Retake (Second Attempt)
A waiting period of fifteen calendar days from the date of the previous exam attempt is required before the second attempt. The exam can be purchased online. Note: ProctorU requires scheduling at least 3 days in advance. If you want to take your exam on day 15, you must schedule with ProctorU on day 12 (or sooner).
Subsequent Attempts
A waiting period of thirty calendar days from the date of each exam attempt after the second attempt is required. There is a lifetime limit of five exam attempts. Exam retakes can be purchased online.
For more information please see here.
Designation Membership Annual Fee
The following steps must be completed annually in order to maintain the AIF® Designation:
- Accrue and report six hours of continuing education (CE), four of which must be delivered by Fi360 or one of Fi360’s approved CE providers.
- Satisfy the Code of Ethics and Conduct Standards
- Submit the application and dues (USD $325)
Access to CE Library and Ongoing CE
Fi360 Continuing Education (CE) Short Courses are available in your Fi360 Learning & Development portal.
You will also receive regular webinar invitations via e-mail.
Fi360 has guidelines for reviewing and accepting sources of continuing education from outside providers.
For more information, please see here.