Financial Plan Construction and Client Management

Unit code: BAO7006 | Study level: Postgraduate
12
(Generally, 1 credit = 10 hours of classes and independent study.)
Victoria University Online
BAO6001 - Principles of Financial and Investment Planning; and
BAO6002 - Superannuation and Retirement Wealth Planning; and
BAO6004 - Risk Management and Estate Planning; and
BAO6005 - Taxation Law of Australia; and
BAO7005 - Professionalism and Ethics; and
BAO7007 - Behavioural Finance for Financial Advisers; and
BAO7008 - Financial Advice Corporation and Commercial Law
(Or equivalent to be determined by unit coordinator)
Overview
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Overview

This capstone unit applies prior knowledge to all 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. There is a higher-order focus on written and presentation communication aimed at building and managing the client relationship, as well as meet industry standards and expectations of professional financial planning advice. Professional skills including leadership and interpersonal skills, are given attention via podcast interviews with practitioners, structured discussion and metacognitive interaction.


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 may count towards the annual Continuing Professional Development (CPD) requirement to a maximum of 30 CPD hours per year.

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.

Assessment

For Melbourne campuses

Assessment type: Assignment
|
Grade: 10%
Quality File Notes (500 words)
Assessment type: Report
|
Grade: 40%
Gathering and Analysis of Client Data (2000 words)
Assessment type: Presentation
|
Grade: 50%
Complex Statement of Advice and Presentation (2500 words)

Required reading

Selected readings will be made available via the unit VU Collaborate site.

As part of a course

This unit is studied as part of the following course(s):

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