Financial Planning

• • The regulatory framework and professional framework for financial planning in Australia
  • Risk profile
  • The role and importance of personal financial planning
  • Overview of personal financial planning products
  • Communication and ‘knowing your client’ skills applied to financial planning
  • Direct investments in the various asset classes and the managed funds industry
  • Ethical and moral dilemmas affecting the financial planning industry
  • How to manage consumer credit, personal budgeting, and credit use
  • Leveraged investing using gearing or financial derivatives
  • The benefits of superannuation, social security, and estate planning
  • Formulation of financial plan

• Study resources

  • Instructional methods

    • Discussion forum/Discussion Board
    • Online assignment submission
    • Virtual Classroom

  • Online materials

    • Online Assessment
    • Printable format materials
    • Resources and Links

In order to enrol in this subject, you must be accepted into one of the following degrees:

Core

• ACU-FIN-GDI-2020

Elective

• OUA-PSU-GCE-2020
• UNE-PRO-GCE-2020

Special requirements

No special requirements

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 subject 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 subject 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.

• Assignment 1 (25%)
• Assignment 2 (25%)
• Assignment 3 (50%)

Current study term (17 Nov 19 to 14 Feb 20)

Next study term (23 Feb 20 to 24 May 20)