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Gold Coast
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Unit Summary

Unit type

UG Coursework Unit

Credit points

12

Unit aim

Introduces students to key financial planning concepts and issues including an overview of the Australian financial advice industry, financial planning functions, processes and areas, regulatory and legal framework, code of ethics, client-adviser relationship, and Statement of Advice (SOA). Students will develop professional skills by engaging in teacher directed activities and experiences relevant to responsible financial planning and the construction and presentation of a limited scope SOA.

 

Unit content

Topic 1a: Financial Planning

Topic 1b: Financial Planning Functions and Processes

Topic 2a: Financial Planning Areas: An Overview

Topic 2b: The Regulatory and Legal Framework I

Topic 3a: The Regulatory and Legal Framework II

Topic 3b: Ethical and Professional Conduct: An Introduction

Topic 4a: The Client-Adviser Relationship

Topic 4b: Client Data, Risk Profiling, Needs and Objectives

Topic 5a: The Statement of Advice (SOA)

Topic 5b: Financial Plan Development and Presentation

Topic 6a: Financial Plan Recommendations and Implementation

Topic 6b: Financial Monitoring and Review

 

 

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.

On completion of this unit, students should be able to:
1 describe and critically appraise the role (including advisory functions/processes/scopes) of a financial adviser
2 outline and explain the regulatory framework which financial advisers operate within and their legal, social, and ethical responsibilities
3 demonstrate the importance of the best interests duty, financial adviser-client relationship and effective communication in delivering advice
4 construct and present a limited scope Statement of Advice (SOA).

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

  1. describe and critically appraise the role (including advisory functions/processes/scopes) of a financial adviser
  2. outline and explain the regulatory framework which financial advisers operate within and their legal, social, and ethical responsibilities
  3. demonstrate the importance of the best interests duty, financial adviser-client relationship and effective communication in delivering advice
  4. construct and present a limited scope Statement of Advice (SOA).

Prescribed texts

  • No prescribed texts.
Prescribed texts may change in future teaching periods.