This unit builds technical and specialist knowledge as well as critical client relationship skills required of financial planners. The unit has a strong focus on the higher-order responsibilities and legislative framework governing the provision of financial advice. Technical knowledge such as investing for effective financial planning, risk management and personal insurance, superannuation, retirement and estate planning and social security is applied in the construction of a scaled Statement of Advice. 

This unit is designed to meet the requirements of a Financial Adviser Standards and Ethics Authority [FASEA] approved degree and successful completion of this unit may count towards the annual Continuing Professional Development (CPD) requirement for the financial advisers and planners, to a maximum of 30 CPD hours per year. This unit aligns to the knowledge requirements of the Tax Practitioners Board.

Unit details

Victoria University Online
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Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Examine and explain the process and standards of holistic, professional and ethical financial planning practice impacting on the client relationship;  
  2. Articulate and apply the legal and operational components of superannuation, insurance, estate planning and social security entitlements relevant to providing financial planning advice;  
  3. Identify and analyse the benefits and risks of a range of investment options which consider economic influences and the diversity of the financial goals and risk tolerances of clients; and,  
  4. Use financial planning software, tools and/or financial mathematics during research, analyse and present financial planning solutions as a limited scope Statement of Advice.  


Assessment type Description Grade
Assignment Foundation Professional Financial Planning Knowledge and Skills (500 words) 10%
Portfolio Financial Planning Activities [Including Initial Client Interview Plan and Simulation] (2000 words) 40%
Project Scaled Statement of Advice - Non-Super [Medium Term] Wealth Accumulation (2500 words) 50%

Where to next?

As part of a course

This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.

Study a single unit

This unit can be studied on its own, without enrolling in a full degree. Learn more about single units of study at VU.

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