Availabilities:
Not currently available in 2020
Unit description
Introduces students to the financial plan including an overview of the financial advice industry and contemporary issues, the professional, legal and regulatory environment, client relationship building and best interests duty, client risk profiling, needs and objectives, the statement of advice (SOA), and key elements of the financial plan. In this capstone unit, students will develop professional skills by engaging in teacher directed activities and experiences relevant to the responsible construction and delivery of a comprehensive financial plan. Students will also develop a practical understanding of the critical aspects of the financial adviser-client relationship.
Unit content
Topic 1: The Financial Plan: An Introduction
Topic 2: Contemporary Issues in the Australian Financial Advice Industry
Topic 3: The Professional, Legal and Regulatory Environment
Topic 4: The Client-Adviser Relationship and Best Interests Duty I
Topic 5: The Client-Adviser Relationship and Best Interests Duty II
Topic 6: Client Data and Risk Profiling
Topic 7: Client Needs and Objectives
Topic 8: The Statement of Advice (SOA)
Topic 9: Financial Plan Development
Topic 10: Financial Plan Recommendations
Topic 11: Financial Plan Implementation and Presentation
Topic 12: Financial Plan Review and Monitoring
Learning outcomes
Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.
Learning outcomes and graduate attributes
| On completion of this unit, students should be able to: | GA1 | GA2 | GA3 | GA4 | GA5 | GA6 | GA7 | |
|---|---|---|---|---|---|---|---|---|
| 1 | Apply the financial advice process meeting legal and ethical requirements. | Creativity | Ethical practice | Communication and social skills | ||||
| 2 | Communicate with clients effectively to obtain personal information. | Creativity | Ethical practice | Communication and social skills | ||||
| 3 | Construct a compliant comprehensive Statement of Advice (SOA). | Creativity | Ethical practice | Communication and social skills | ||||
| 4 | Present the Statement of Advice (SOA). | Creativity | Ethical practice | Communication and social skills | ||||
| 5 | Evaluate and implement client relationship building through the ongoing review planning process. | Creativity | Ethical practice | Communication and social skills | ||||
| 6 | Develop file construction and retention techniques. | Creativity | Ethical practice | Communication and social skills | ||||
| 7 | Deliver advice in line with Best Interest Duty requirements. | Creativity | Ethical practice | Communication and social skills | ||||
Teaching and assessment
Fee information
Domestic
Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2020 Commonwealth Supported only. Student contribution band: 3
Fee paying courses
For POSTGRADUATE or UNDERGRADUATE full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees
International
Please check the international course and fee list to determine the relevant fees.