Financial Advisory Practice - 2017

Unit summary


  • Level of Study: Undergraduate Level 3
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: Yes
  • Duration: 13 weeks
  • Government loans available: FEE-HELP, HECS-HELP
  • Availability for 2017: SP2 , SP4
  • Availability for 2018: SP2 , SP4
  • Assessment: Assignment (50%) , Invigilated Exam (40%) - Learn more

Unit provided by

2017 Fees
Domestic 1,324.00
HECS 1,324.00
International 1,574.00

Please note: This unit was previously known as Financial Planning Practice Management.

Financial planning draws upon a range of disciplines and culminates in the preparation of a Statement of Advice for a client. The practice of financial planning requires understanding of regulation and the application of business management principles and techniques. The first aspect of this unit requires the application of these skills in the preparation, presentation, implementation and review of a personal financial plan for a client. The second aspect of the unit focuses on financial planning practice management and aims to ensure students are aware of many of the practical issues that will confront them in the financial planning industry. You will also identify and discuss the principal customer service issues associated with the management of a financial planning practice.

At the completion of this unit you will be able to:

  1. Identify and discuss the principal customer service issues associated with the management of a financial planning practice
  2. Identify client data requirements and demonstrate competence in the application of data collection techniques, including interview techniques
  3. Demonstrate competence in identifying clients' objectives and needs and establishing clients' risk profile
  4. Demonstrate competence in preparing a range of strategies based on clients objectives and needs
  5. Prepare a comprehensive financial plan appropriate to the client
  6. Demonstrate a knowledge of the procedures necessary to implement and review a financial plan
  7. Demonstrate a knowledge of ethical issues relevant to financial planning and an understanding of the Financial Planning Association of Australia Code of Ethics and Rules of Professional conduct
  8. Discuss issues relevant to the business management of a financial planning practice
  9. Demonstrate ability to discuss issues relating to planning and establishing a financial planning practice
  10. Understand succession planning for a financial planning business and how businesses are valued.
  • Assignment (50%)
  • Invigilated Exam (40%)
  • Test — Online (10%)
For more information on invigilated exams see Exams and results

This unit addresses the following topics.

1The process of financial planning
2Financial plan development
3Integration of the financial planning process
4Case studies in financial planning
5Professional practice and code of ethics
6Planning a financial planning practice
7Establishing a financial planning practice
8Licensing and staffing issues
9The dynamics of a model financial planning business
10Business succession planning and valuing a financial planning business

This unit is delivered using the following methods and materials:

Online materials

  • Printable format materials

This unit is a core requirement in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Co-Op textbook list.

Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a unit.

Click on the titles of the listed books below to find out more:

Required textbooks

  • Financial Planning


    ISBN: 9781118644836


    Supplier:Go to The Co-op Bookshop

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