Financial Advisory Practice

• • The process of financial planning
  • Financial plan development
  • Integration of the financial planning process
  • Case studies in financial planning
  • Professional practice and code of ethics
  • Planning a financial planning practice
  • Establishing a financial planning practice
  • Licensing and staffing issues
  • The dynamics of a model financial planning business
  • Business succession planning and valuing a financial planning business

• Study resources

  • Online materials

    • Printable format materials

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

• RMI-FNP31-Wealth Creation and Estate Planning
• RMI-FNP23-Risk, Insurance and Social Security
• RMI-FNP22-Law of Investments and Financial Markets
• CUR-BLW32-Introduction to Australian Tax Law
• CUR-BLW22
• RMI-FNP21-Superannuation and Retirement
• RMI-FNP11-Personal Wealth Management
• RMI-FNP32-Investment

Special 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.

• Assignment (50%)
• Invigilated Exam (40%)
• Online Test (10%)