In this unit students will apply prior knowledge to elements of the financial planning process including conducting an initial client interview, planning and constructing a full statement of advice and presenting a financial plan to a client. A higher order focus will be on both communication skills aimed at building and managing the client relationship as well as industry standards and expectations of professional financial planning advice. 

This unit is designed to meet the approved degree requirements of Financial Adviser Standards and Ethics Authority [FASEA]. Successful completion of this unit has the added advantage of satisfying the relevant FASEA education requirements of an approved degree and will count towards the annual Continuing Professional Development (CPD) requirement to a maximum of 30 CPD hours per year.

Unit details

Location:
Victoria University Online
Study level:
Postgraduate
Credit points:
12
Unit code:
BAO7006

Prerequisites

BAO6001 - Principles of Personal Financial Planning and Advice and

BAO6002 - Superannuation and Retirement Wealth Planning and

BAO6004 - Risk Management Insurance and Estate Planning and

BAO6005 - Taxation Law of Australia

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Gather and evaluate client data and apply critical judgement in planning, solving and making decisions pertaining in the construction and review of a complex Statement of Advice;  
  2. Articulate the legal, professional and ethical principles to the financial planning process, file construction and retention;  
  3. Synthesise broad technical knowledge and employ clear, communication skills to build client relationships and effectively present financial advice to a client; and  
  4. Consolidate and analyse client data and use financial planning software to model and review a range of client scenarios.  
  5. Learn and work independently and collaboratively as a basis for self-managed lifelong learning.  

Assessment

Assessment type Description Grade
Assignment Risk Management Essentials (500 words) 10%
Portfolio Portfolio of Risk Management and Estate Planning Situation Review and Application Activities (2000 words) 40%
Presentation Scaled Statement of Advice - Retirement Planning (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.

VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.