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Unit Summary

Unit type

UG Coursework Unit

Credit points

12

Unit aim

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 SOA, with a specific focus on insurance and estate planning aspects.

 

Unit content

Topic 1a: The Financial Plan: An Introduction

Topic 1b: Contemporary Issues in the Australian Financial Advice Industry

Topic 2a: The Professional, Legal and Ethical Environment

Topic 2b: The Client-Adviser Relationship and Best Interests Duty

Topic 3a: Client Data and Risk Profiling

Topic 3b: Client Needs and Objectives

Topic 4a: The Statement of Advice (SOA)

Topic 4b: Financial Plan Development

Topic 5a: Financial Plan Recommendations

Topic 5b: Financial Plan Implementation

Topic 6a: Financial Plan Presentation

Topic 6b: 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.

On completion of this unit, students should be able to:
1 apply the financial advice process meeting legal and ethical requirements
2 communicate with clients effectively to obtain personal information
3 construct a compliant comprehensive Statement of Advice (SOA)
4 present the Statement of Advice (SOA)
5 evaluate and implement client relationship building through the ongoing review planning process
6 develop file construction and retention techniques
7 deliver advice in line with Best Interest Duty requirements.

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

  1. apply the financial advice process meeting legal and ethical requirements
  2. communicate with clients effectively to obtain personal information
  3. construct a compliant comprehensive Statement of Advice (SOA)
  4. present the Statement of Advice (SOA)
  5. evaluate and implement client relationship building through the ongoing review planning process
  6. develop file construction and retention techniques
  7. deliver advice in line with Best Interest Duty requirements.