Learn what’s expected as a financial planner. Build a range of skills – from evaluating clients’ goals, through to creating a financial plan. Put yourself ahead of other planners with a focus on professional behaviour, ethics and communication.
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22 Nov 2021
Established in 1991 after amalgamating four eastern Australian Catholic tertiary institutes, Australian Catholic University now has seven campuses, from Brisbane to Melbourne and welcomes students of all beliefs. Specialising in arts, business, education, health sciences, law, theology and philosophy, ACU encourages its students to think critically and ethically and bring change to their communities and offer this online through Open Universities Australia.
On successful completion of this subject, students should be able to:
critically analyse the role of the financial planner in the context of serving the common good and the inherent challenges in the role
evaluate the needs and risk profiles of clients
compare and contrast diverse financial services and products
formulate a financial plan
apply the ethical frameworks available to manage the inherent conflicts of interest and moral concerns within the financial planning industry and the effects on personal financial planning and compliance demands on the financial planner
Personal financial services have been one of the dynamic growth sectors of the recent past. Australia has the third largest holder of superannuation assets in the world. Compulsory superannuation contributions will generate continued growth in the value of assets under management. The financial advice industry is expected to thrive with increasing needs for unbiased and appropriate financial advice. The dynamic nature of the sector and multitude of complex financial products require suitably qualified financial planners with enhanced professional behaviour and ethical values.
The unit focuses on the role of the financial planner, regulatory, social, economic and ethical considerations involved in financial planning, understanding and evaluating investors’ goals, risk management strategies, evaluating investments and financial instruments and constructing a financial plan. The unit aims to provide students with fundamental knowledge and competencies in financial planning with a special focus placed on professional behaviour, ethical awareness and communication skills.
Assessments are used primarily to foster learning. ACU adopts a constructivist approach to learning which seeks alignment between the fundamental purpose of each subject, the learning outcomes, teaching and learning strategy, assessment, and the learning environment. In order to pass this subject, you are required to achieve an overall score of at least 50%. Using constructive alignment, the assessment tasks are designed for you to demonstrate your achievement of each learning outcome.