Personal Wealth Management - 2017

Unit summary


  • Level of Study: Undergraduate Level 1
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: Yes
  • Duration: 13 weeks
  • Government loans available: FEE-HELP, HECS-HELP
  • Availability for 2017: SP1 , SP2 , SP3 , SP4
  • Availability for 2018: SP1 , SP2 , SP3 , SP4
  • Assessment: Invigilated Exam (50%) , Participation (20%) - Learn more

Unit provided by

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

Gain an introduction to the workings of the financial planning and wealth management industry, with special emphasis placed on the development of a financial plan or strategy for an individual. You will cover the following topics: introduction to the financial planning environment in Australia; analysing the risk and return of investments; taxation; the investment planning process; direct investments; indirect investments; analysis of investments; risk management and insurance; superannuation and retirement planning; social security; and estate planning.

You will need access to a non-programmable, financial calculator or a calculator with a 'to the power of' function.

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

  1. understand the meaning of financial management and establish a model on which a personal plan can be built
  2. appreciate the interdependence of various aspects within financial planning
  3. appreciate the various economic, political and regulatory factors influencing the financial planning environment
  4. analyse and measure the risk and return of investments
  5. understand concepts associated with portfolio theory
  6. explain the features of various forms of investment available to individuals and outline their advantages and disadvantages
  7. suggest the appropriateness of each investment type for particular investor needs
  8. outline the role of insurance in personal financial management
  9. understand and perform simple financial need analysis
  10. appreciate the effects of taxation and social security on financial planning and calculate taxation liability and social security entitlements
  11. explain the nature and purpose of pension schemes and retirement incomes policy
  12. outline the role of estate planning within the financial planning process
  13. develop and be able to critically evaluate a financial plan for an individual.
  • Invigilated Exam (50%)
  • Participation (20%)
  • Test (30%)
For more information on invigilated exams see Exams and results

Recommended prerequisites

You are recommended to have completed the following unit(s) or have equivalent knowledge before starting this unit:

  • AFE134 — Business Statistics
  • Additional materials

This unit addresses the following topics.

1Introduction to financial planning environment in Australia
2Analysing the risk and return of investments
3Taxation 1
4Taxation 2
5The investment planning process
6Direct investments
7Indirect investments
8Analysis of investments
9Risk management and insurance
10Superannuation and retirement planning
11Social security
12Estate planning

This unit is delivered using the following methods and materials:

Instructional Methods

  • Discussion Forum/Discussion Board

Online materials

  • FAQs
  • Online Assessment
  • Printable format materials
  • Quizzes
  • Resources and Links

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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