Retraining course in the Czech Republic Financial Advisor
preparation for the CNB exams
Ready for all 4 professional exams in 12 weeks
Consumer credit, investments, insurance and supplementary pension savings in one course. Live online lessons with lecturers from practice – suitable for beginners too.
CZK 29,900 · 160 hours live online · instalments possible
4.9 ★★★★★ Google rating Not ready for the full course yet? Individual modules from CZK 4,500 ↓What you will gain
The knowledge and confidence to take the professional exams and meet your first clients
Certificate valid across the Czech Republic
The course is accredited by MŠMT (the Czech Ministry of Education). After passing it you receive a retraining certificate (osvědčení o rekvalifikaci) valid throughout the Czech Republic.
All 4 areas in one course
Consumer credit, investments, insurance and supplementary pension savings. No need to look for a separate course for each exam.
Mock exam
You practise test questions with one or more correct answers and take a mock exam at the end.
Working with clients
You learn to identify a client’s needs, assess their financial situation and recommend suitable products.
Financial mathematics in practice
You calculate loan repayments, the APRC (RPSN), investment returns and the impact of inflation on the value of money.
Regulation, ethics and AML
You will know the rules that apply to advisors: consumer protection, conflicts of interest, GDPR and AML obligations.
Missed a lesson or want to go over something again? All lessons are recorded, so you can come back to them at any time.
Who the course is for
People who want to start working in financial advice – even without previous experience
Employees of banks, insurers and advisory firms who need to pass the professional exams
Entrepreneurs and the self-employed (OSVČ) who want to provide financial services and work with their own clients
Once you have passed the professional exams and registered with the CNB, you can work for a bank, an insurer, an advisory firm or on your own account
Apply nowJobs and earnings
A financial advisor’s job in numbers
Financial advisors work in banks, insurance companies and advisory firms, or on their own account with their own clients.
CZK 39,885–134,794
Gross monthly earnings of 80 % of financial advisors according to Platy.cz.
Around CZK 119,000
Earnings after 5 years of practice according to Platy.cz. Every satisfied client helps your client base grow.
Hundreds of job offers
Banks, insurers and advisory firms are looking for new advisors. You will find current vacancies on Jobs.cz.
New products, new clients
Since 2024 the Czech Republic has a long-term investment product (DIP) with a tax relief of up to CZK 48,000 a year. Clients need someone to explain it to them.
A financial advisor’s income often depends on commissions and the number of clients. Sources: Platy.cz, Jobs.cz and the Czech Ministry of Finance (October 2026).
Course lecturers
You learn from people who work on the financial market every day
Ing. Marianna Luzanová, Ph.D.
Compliance and AML
Graduate of the Prague University of Economics and Business (VŠE). She specialises in financial regulation, compliance and anti-money laundering and trains professionals for regulated financial services.
Mgr. Bc. Daniel Václav Štěpánek, MBA
Tax advisor and lawyer
Lawyer and tax advisor, graduate of the Faculty of Law of Comenius University in Bratislava. He represents clients before administrative authorities and courts, including in cases involving the laundering of proceeds of crime.
Bc. David Kunovjánek
Financial Advisor
Graduate of VŠE in Prague. He worked as a financial consultant for over three years, prepared more than 20 financial plans and led over 20 public seminars on finance. He has passed the professional exams in consumer credit, insurance and investments.
Ing. Polina Kuliková
Financial Advisor
Graduate of VŠE in Prague. She works in financial advice and investment products and explains investment instruments, the capital market and collective investment clearly.
Ing. Vitalij Vorobjov
Financial Advisor
Graduate of VŠE in Prague. He works in financial advice and housing finance and explains how loans and mortgages work and what to watch out for in practice.
The lecturers explain the rules using examples from their own practice
Course programme
160 hours and 18 modules – everything you need for the professional exams in consumer credit, investments, insurance and supplementary pension savings
Financial market and legal basics
- The financial market, its structure and the role of the CNB
- The legal framework of financial advice and consumer protection
- Financial mathematics: interest, annuities, APRC (RPSN)
Consumer credit
- Consumer credit and credit intermediation
- Non-housing loans and linked credit
- Mortgages, housing loans and building savings
- Creditworthiness, collateral and debt collection
Investments
- Investment services and rules of conduct with clients
- Suitability and appropriateness tests
- Shares, bonds, funds and ETFs
- Investment strategies and risks
Insurance
- Basic concepts and the legal framework of insurance
- Life insurance and payment protection insurance
- Non-life, motor and liability insurance
- Claims settlement
Supplementary pension savings
- The Czech pension system
- Participant and transformed funds
- State contribution and tax relief
- Comparison with investing and life insurance
Advisory practice and exam preparation
- Comprehensive financial advice and ethics
- Conflicts of interest, GDPR and mis-selling prevention
- Compliance and AML
- Test questions, case studies and a mock exam
Each professional exam has its own group of modules. At the end you take a mock exam covering all areas.
Detailed course programmeHow to become a financial advisor in the Czech Republic
The course prepares you for the professional exams. You take them separately for each area with an accredited person (exam provider), not directly at the CNB.
Complete the course and receive a retraining certificate
Pass the professional exam with an accredited exam provider
Obtain authorisation from the CNB – usually the firm you will work for registers you
To register with the CNB you also need a secondary school leaving certificate (maturita) and a good reputation (including a clean criminal record).
Ask a questionHow the course works
Live online lessons, model situations and regular tests
Live online lessons
Lessons run live, so you can ask the lecturer straight away and go through specific examples together.
From rules to case studies
First you learn the rules and products, then you practise them in model situations from a financial advisor’s work.
Test questions and a mock exam
You practise test questions throughout the course. In the last module you revise all areas and take a mock exam.
Support throughout the course
Lessons are taught in Czech; our team will help you with organisation, the schedule and access to study materials.
You start with the basics of the financial market and finish with a mock exam covering all areas
Apply nowI am currently attending the “Accounting and Tax Records” course and I am very satisfied. The teaching is high-quality, clear and well structured. … A big advantage is the evening format, which makes it possible to combine the course with a job.
Translated from Czech.
I’ve recently completed the AML Specialist course, and it exceeded all my expectations. … Working through real-life cases helped me better understand how AML specialists think and make decisions in real situations.
I completed the management course at UniMFA and I was incredibly satisfied! The lectures, the lecturers and, above all, the knowledge I can apply in my career!
Translated from Czech.
Practical, to the point and without any unnecessary fluff. What impressed me most about this training was the number of examples taken straight from practice. It wasn’t boring theory – we went straight into how to post specific transactions correctly and what to watch out for at closing. …
Translated from Czech.
I have completed training in various areas. All the courses are sufficiently informative, have an engaging teaching format and are based on the latest legislation in force. It is the best school for business. …
Translated from Czech.
The best MBA school in Prague, excellent teaching – the lecturers, the programme, the location of the classrooms. Up-to-date information, fresh data, an individual approach to every student – I simply have no words. …
Translated from Russian.
Selected reviews from the UniMFA Google profile. Longer texts are shortened.
Comparison
Why a UniMFA course and not just e-learning?
There are different ways to prepare for the professional exams. See what each of them involves.
E-learning and test apps
from approx. CZK 500 per area
Cheap preparation for the test itself
Self-study only, no lecturer
No case studies or client work
Each area has to be covered separately
No MŠMT certificate
Training in an advisory network
“free”, but with conditions
Quick start in one firm
The training is tailored to that firm’s products and procedures
Usually conditional on a cooperation contract
The costs may be deducted from commissions or the firm may want them back – the CNB warns about this too
No MŠMT certificate
Financial Advisor course at UniMFA
CZK 29,900 · 160 hours
160 hours of live teaching by lecturers from practice
All 4 exam areas in one course
Case studies, financial mathematics and client work
Retraining certificate with MŠMT accreditation
Lesson recordings for 12 months
No commitments – you choose the firm you work for
Fees for the professional exams with an accredited exam provider are paid separately, however you prepare.
Course price
Complete preparation for all 4 professional exams in one course
Financial Advisor
Preparation for the professional exams in loans, investments, insurance and pension savings
What the price includes
- Live teaching by lecturers from practice
- 18 modules including a mock exam
- All 4 professional exam areas
- Retraining certificate with MŠMT accreditation
- Lesson recordings for 12 months
Admission: secondary education with a school leaving certificate (maturita), Czech at level A2 or higher
Final exam (min. 80 %): test + attendance
Fees for the professional exams with an accredited exam provider are paid separately
Payment methods:
Course dates
Choose a start date
None of the dates suit you? Write to us or call +420 774 057 609 – we will find a solution.
How to apply
The application is non-binding. Just fill in your name, phone and e-mail.
Fill in a non-binding application
It takes a minute. Sending it costs nothing.
We will contact you within one working day
We answer your questions and agree on the course date.
We sign the contract
You pay a deposit or the full price straight away. Instalments are possible too.
Apply for the course
Fill in the form and we will contact you within one working day.
Sending the application costs nothing and is non-binding. We will contact you within one working day, agree on the date and send you the contract.
We process personal data in accordance with our Privacy Policy (in Czech).
Prefer to call? +420 774 057 609 (Mon–Fri 9:00–17:00)
Individual modules
Want to start with just one area?
Some topics of the course are also available as short stand-alone courses. Try studying with us and continue with the full course later.
Mortgages and housing finance in the Czech Republic
How mortgage loans, collateral and refinancing work and what to watch out for.
CZK 4,500 · 14 hours · Ing. Vitalij Vorobjov
More (in Czech) →Investing in the Czech Republic: shares, bonds and funds
How shares, bonds, funds and ETFs, the capital market and investment costs work.
CZK 4,500 · 16 hours · Ing. Polina Kuliková
More (in Czech) →AML and compliance in practice
Customer due diligence, risk assessment and sanctions – AML rules illustrated with real cases.
CZK 4,500 · 16 hours · Ing. Marianna Luzanová, Ph.D.
More (in Czech) →More individual modules are on the way.
FAQ
Questions we are often asked
Answers to questions about the professional exams, the course and payment.
Professional exams and the advisor’s job
Which professional exams does the course prepare me for?
All four areas in which the professional exam is taken: consumer credit (including housing loans), investments, insurance and supplementary pension savings. Each area has its own group of modules and at the end of the course you take a mock exam.
Where is the professional exam taken?
You do not take the professional exam at the CNB itself but with an accredited person (exam provider) accredited by the CNB. The exam is taken separately for each area and you receive a certificate once you pass. The list of accredited providers is on the CNB website.
Are the professional exam fees included in the course price?
No. You take the professional exams with an accredited provider and pay the fee directly to them. The price depends on the area and the exam centre; with some providers it starts at roughly CZK 1,200 per exam. You choose the exam date yourself once you are ready.
Can I work as a financial advisor straight after the course?
Not automatically. For registration the CNB requires three things: general knowledge (the maturita school leaving certificate), professional knowledge (the passed professional exam for the given area) and a good reputation (including a clean criminal record). The course gives you a retraining certificate and prepares you for the professional exams. You then obtain authorisation by being entered in the CNB register or by being granted a licence.
How much does a financial advisor earn and are they in demand?
According to Platy.cz, 80 % of financial advisors earn between CZK 39,885 and 134,794 gross per month, and around CZK 119,000 with 5 years of experience. Income often depends on commissions and the number of clients. Banks, insurers and advisory firms are looking for advisors – see current vacancies on Jobs.cz.
The course and teaching
Do I need previous experience or a degree in economics?
No. The course starts with the basics of the financial market and gradually takes you through all the areas you need for the exams. A degree in economics is an advantage but not a requirement. You do, however, need the maturita school leaving certificate – without it the CNB will not register you as an advisor.
In which language is the course taught?
The course is taught in Czech, so you need Czech at least at level A2. Our team will help you with organisational questions, the schedule and access to study materials.
How is the course taught and how much time will it take?
Lessons run live online on weekday afternoons and Saturday mornings – you will find the exact schedule under Course dates. You can ask the lecturer anything straight away. Besides the lessons, allow time for revision and test questions; how much depends on your existing knowledge.
What if I miss a lesson?
No problem. Every lesson is recorded and the recordings are available for 12 months, so you can catch up whenever it suits you. To be admitted to the final exam, however, you need at least 80 % attendance.
What is the final exam like and what certificate will I receive?
The course ends with a final test in which you need at least 80 % correct answers; attendance of at least 80 % is also required. Once you pass, you receive a retraining certificate (osvědčení o rekvalifikaci) with MŠMT accreditation, valid throughout the Czech Republic. The retraining certificate does not replace the professional exam with an accredited provider.
Price and payment
How can I pay for the course? Can I pay in instalments?
You can pay by bank transfer, card or cash, via Benefit Plus, or your employer can pay for you. Instalments are possible too – we agree the terms individually.
Can I buy just part of the course?
Yes. Some topics are also available as short stand-alone courses: Mortgages and housing finance, Investing, and AML and compliance, each for CZK 4,500. More are on the way. You will find them all under Individual modules.
Can the Labour Office (Úřad práce) pay for the course?
In some cases retraining can be paid for by the Czech Labour Office (Úřad práce). At the moment, however, it provides funding only to a limited extent. We will be happy to advise whether and how to apply.
Didn’t find your answer?
Call us on +420 774 057 609 (Mon–Fri 9:00–17:00) or leave your details in the application form. We will get back to you within one working day.
Financial Advisor
18 modules · 160 hours · MŠMT accreditation 4034/2026-4
The financial market, its structure, functions and regulation
- The financial market as part of the financial system
- Money, capital and foreign exchange markets, the precious metals market
- Retail and corporate financial markets
- Primary and secondary markets
- The role of banks, insurers, investment and pension companies and intermediaries
- Functions of the financial market: capital allocation, liquidity, risk transfer, price formation
- The role of the Czech National Bank in supervising the financial market
- Basic classification of financial products for retail clients
The legal framework of financial advice and consumer protection
- The Civil Code and contractual relationships in financial advice
- Consumer Protection Act
- Consumer Credit Act
- Capital Market Undertakings Act
- Insurance and Reinsurance Distribution Act
- Supplementary Pension Savings Act
Basics of financial mathematics
- Nominal and real return, gross and net return
- Interest rates p. a., p. s., p. q., p. m.
- Simple and compound interest
- Inflation and its impact on the real value of money
- Present and future value of money
- Annuity repayment and calculating a loan instalment
- APRC (RPSN) and the total cost of credit
- Bond yield, coupon and accrued interest
Consumer credit
- The concept of consumer credit
- Consumer, creditor and intermediary
- Independent intermediary, tied agent, foreign intermediary
- The consumer credit agreement
- Interest, fees, commissions and inducements
- APRC (RPSN) and the total cost of consumer credit
- The right of withdrawal
- Early repayment
Consumer credit other than for housing
- Purpose and non-purpose consumer loans
- Cash loans, overdrafts, credit cards, credit accounts
- The “American mortgage” – a non-purpose loan secured by property
- Leasing and similar financial products
- Complaints, early repayment and changes to the contract
- The risks of over-indebtedness
- Practical examples of calculating the cost of credit
Linked consumer credit
- Definition of linked consumer credit
- Linking a loan to the purchase of goods or services
- How linked credit differs from other consumer credit
- Liability when intermediating linked credit
- Consumer rights on withdrawal from a purchase contract
- Model situations from selling goods on instalments
Housing consumer credit, mortgages and building savings
- Housing consumer credit and its purpose
- Loans secured by real estate or a right in rem
- Mortgage loans, building savings loans, bridging loans
- Liens on real estate and the land register
- Property valuation and market value
- LTV and the importance of collateral value
- Early repayment and refinancing
- Interest rate and fixation risks
Creditworthiness assessment, collateral, debt collection and documentation
- The obligation to assess the consumer’s creditworthiness
- The client’s income, expenses, liabilities and financial situation
- Debtor registers
- Loan collateral: guarantees, liens, payment protection insurance
- What to do when a consumer is in arrears
- Debt collection, court proceedings and enforcement
- Communicating with the consumer during collection
- Record keeping and the intermediary’s liability
Investment services and rules of conduct with clients
- Core investment services and investment advice
- Receiving and transmitting orders, portfolio management
- Rules of conduct with clients and professional care
- Information provided to clients
- The client’s knowledge, experience, financial situation and investment objectives
- Suitability and appropriateness tests
- When an advisor must not provide a service
- Protection of client assets and the Securities Traders Guarantee Fund
Investment instruments, the capital market and collective investment
- Investment instruments under the Capital Market Undertakings Act
- Shares, bonds and fund units
- Collective investment funds, ETFs and fund products
- Money market instruments and mortgage bonds
- Derivatives – the basics
- Regulated markets and multilateral trading facilities
- Issuer, investor, securities dealer, depositary and investment company
- Costs of investment products, distributing and accumulating fund classes
Investment strategies, risks, product suitability and case studies
- The relationship between return, risk and liquidity; the investment horizon
- Diversification and volatility
- Risks: credit, market, interest rate, currency, inflation and liquidity risk
- Basic investment strategies
- Conservative, balanced and dynamic client profiles
- Investments for short-, medium- and long-term goals
- Financial reserves and investing for retirement
Insurance – basic concepts and the legal framework
- Policyholder, insured person, insurer, entitled person and beneficiary
- Premium, insured event, insurable value and sum insured
- Deductibles, exclusions and waiting periods
- Bonus and malus
- Reinsurance
- The legal framework of insurance distribution
Life insurance, savings products and payment protection insurance
- Life insurance: term, endowment and investment-linked
- Technical interest rate, capital value and surrender value
- Net and gross premium
- Insurance against death, disability, incapacity for work and inability to repay a loan
- Linking insurance to consumer credit
- When an insurance product is suitable for the client and when it is not
Non-life, motor and liability insurance
- Property and accident insurance
- Comprehensive motor insurance and compulsory motor liability insurance
- Assistance services
- Insurable value and the limit of indemnity
- Claims settlement
- How to recommend an insurance product to a client
Supplementary pension savings and long-term provision products
- The Czech pension system
- Supplementary pension savings and the participant
- Participant and transformed funds
- Participant and employer contributions, the state contribution
- Tax relief
- Changing strategy and transferring to another pension company
- Lump-sum settlement (odbytné) and the designated person
- Comparison with collective investment and life insurance
Comprehensive financial advice, ethics and GDPR
- Principles of responsible financial advice
- The client’s needs, financial situation and goals
- Recommending a suitable combination of products
- Conflicts of interest and how to manage them
- Advisor ethics and personal data protection
- Preventing mis-selling
- Client complaints
- Documenting the advice process
- Communicating with clients in difficult financial situations
Compliance and AML
- Money laundering (AML) and terrorist financing (CFT)
- Tax evasion
- International sanctions and asset freezing
- Vulnerability of products and services
- Risk assessment (risk scoring)
- Customer due diligence
Final revision, test questions and model case studies
- Revision of all topics
- Test questions with one or more correct answers
- Case studies in consumer credit, investments, insurance and pension savings
- Analysis of typical mistakes
- Mock exam
Final exam
Final test: you need at least 80 % correct answers to pass. Attendance of at least 80 % is also required.
The application is non-binding – sending it costs nothing.
Apply now