Financial Advisory Practice
Count the steps involved in launching your own financial planning business. Get a handle on business management concepts and tools. Make note of potential customer service issues.
Produce a detailed financial statement of advice for a client.
Your upfront cost: $0
Subjects may require attendance
- 25 Nov 2019
- 01 Jun 2020
- 30 Nov 2020
QS RANKING 2020
Times Higher Education Ranking 2020
On successful completion of this subject you will be able to:
- Prepare a range of financial planning strategies based on clients’ objectives, needs and risk profile.
- Identify clients’ financial aims using a variety of data collection and interview techniques.
- Critically examine ethical and conflict of interest issues in the provision of financial services to consumers.
- Produce a comprehensive and compliant Statement of Advice (SoA).
- Implement and review a financial plan and use software skills to engage with clients in real-time.
- Demonstrate the integration of specialist technical knowledge areas within financial planning in developing strategies and recommendations for a client.
- Please refer to RMIT University’s Learning Management System - Canvas, for further details.
- Printable format materials
No eligibility requirements
No special requirements
Please note: This subject 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 subject 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 subject 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.
- Assessment 1 (10%)
- Assessment 2 (50%)
- Invigilated Exam (40%)
Textbooks are not required.
Check the learning management system (LMS) of your university for textbook details.