DUBAI, United Arab Emirates
Nexus Financial Services today emphasized its position as one of Qatar’s best qualified financial advisors.
All of Nexus Financial Services’s advisors are now qualified to UK Diploma for Financial Advisers (DipFA®) – Level 4, or proven equivalent
The company currently boasts one of the largest teams of Level 4-standard advisors outside of the UK.
Since February 2014, the Qatar Financial Center Regulatory Authority (QFCRA) has been the only country outside of the UK requiring all licensed Financial Advisors to hold a Level 4 qualification. These qualifications must be of UK standard or equivalent from a jurisdiction with comparable regulation. The UK is amongst the most regulated and mature financial advisory markets worldwide.
In order to qualify, financial advisers need to pass examinations on a broad range of financial and regulatory subjects to ensure that they are able to provide advice to the required standard.
“Since the world economic crisis in 2008, the financial sector has aggressively attempted to address weaknesses from this period by increasing standards and regulations in a more proactive manner, particularly when it comes to both Risk Management and Conduct ,” said Paul Neave -Sales Manager, Nexus Financial Services.
“Nexus is committed to offering its customers a world class service, and we are proud to be among the first in Qatar to get all our advisors qualified to Level 4 standard.Planning your personal finances is one of life’s most critical requirements, and the QFCRA is leading the way in the region to ensure those providing advice in this field are fit for purpose,” added Neave.