This unit will contextualise behavioural finance theory to the practise of professional financial planning. Academic and professional literature will be explored and applied to contemporary wealth planning and investment strategies to suit a range of client preferences and biases. Also explored are the strengths and weakness of investment options and investment portfolios built to customise asset allocations for a range of client needs. The intention is to develop competencies that empower client engagement in the wealth management elements of financial planning. 

This unit is designed to meet the requirements of a Financial Adviser Standards and Ethics Authority [FASEA] bridging course and extend the meaning of a client's wealth to include their behavioural bias for investment. Successful completion of this unit has the added advantage of satisfying the relevant FASEA education requirements of a bridging unit within 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:
BAO7007

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Articulate and apply behavioural finance and allied theory to the adviser's best interest obligations and building a professional client relationship;  
  2. Research and communicate the strengths and weakness of investment options in the construction of different investment portfolios that optimise asset allocation interventions for a range of client needs and preferences; and,  
  3. Adapt behavioural biases to the client relationship situation to suggest innovative and culturally sensitive solutions in the context of appropriate client wealth management.  

Assessment

Assessment type Description Grade
Assignment Review of Behavioural Finance Theory and Contemporary Applications (500 words) 10%
Assignment Comparing Advice and Communication Strategies for Clients with Different Bias (2000 words) 40%
Case Study Construction and Presentation of a Best Interest Strategy Addressing Specific Client Preferences for Investments (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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