Availabilities:

2021 unit offering information will be available in September 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.

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
On completion of this unit, students should be able to:GA1GA2GA3GA4GA5GA6GA7
1Apply the financial advice process meeting legal and ethical requirements.CreativityEthical practiceCommunication and social skills
2Communicate with clients effectively to obtain personal information. CreativityEthical practiceCommunication and social skills
3Construct a compliant comprehensive Statement of Advice (SOA).CreativityEthical practiceCommunication and social skills
4Present the Statement of Advice (SOA). CreativityEthical practiceCommunication and social skills
5Evaluate and implement client relationship building through the ongoing review planning process.CreativityEthical practiceCommunication and social skills
6Develop file construction and retention techniques.CreativityEthical practiceCommunication and social skills
7Deliver advice in line with Best Interest Duty requirements.CreativityEthical practiceCommunication and social skills

On completion of this unit, students should be able to:

  1. Apply the financial advice process meeting legal and ethical requirements.
    • GA2: Creativity
    • GA3: Ethical practice
    • GA6: Communication and social skills
  2. Communicate with clients effectively to obtain personal information.
    • GA2: Creativity
    • GA3: Ethical practice
    • GA6: Communication and social skills
  3. Construct a compliant comprehensive Statement of Advice (SOA).
    • GA2: Creativity
    • GA3: Ethical practice
    • GA6: Communication and social skills
  4. Present the Statement of Advice (SOA).
    • GA2: Creativity
    • GA3: Ethical practice
    • GA6: Communication and social skills
  5. Evaluate and implement client relationship building through the ongoing review planning process.
    • GA2: Creativity
    • GA3: Ethical practice
    • GA6: Communication and social skills
  6. Develop file construction and retention techniques.
    • GA2: Creativity
    • GA3: Ethical practice
    • GA6: Communication and social skills
  7. Deliver advice in line with Best Interest Duty requirements.
    • GA2: Creativity
    • GA3: Ethical practice
    • GA6: Communication and social skills

Teaching and assessment

Notice

Intensive offerings may or may not be scheduled in every session. Please refer to the timetable for further details.

Southern Cross University employs different teaching methods within units to provide students with the flexibility to choose the mode of learning that best suits them. SCU academics strive to use the latest approaches and, as a result, the learning modes and materials may change. The most current information regarding a unit will be provided to enrolled students at the beginning of the study session.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.

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.

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