Subject details

At the completion of this subject you will be able to:

  1. Identify and discuss the principal customer service issues associated with the management of a financial planning practice
  2. Identify client data requirements and demonstrate competence in the application of data collection techniques, including interview techniques
  3. Demonstrate competence in identifying clients' objectives and needs and establishing clients' risk profile
  4. Demonstrate competence in preparing a range of strategies based on clients objectives and needs
  5. Prepare a comprehensive financial plan appropriate to the client
  6. Demonstrate a knowledge of the procedures necessary to implement and review a financial plan
  7. Demonstrate a knowledge of ethical issues relevant to financial planning and an understanding of the Financial Planning Association of Australia Code of Ethics and Rules of Professional conduct
  8. Discuss issues relevant to the business management of a financial planning practice
  9. Demonstrate ability to discuss issues relating to planning and establishing a financial planning practice
  10. Understand succession planning for a financial planning business and how businesses are valued.

  • Topics

    • 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

Entry Requirements

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

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%)

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 subject.

View textbooks

Related Degrees

undergraduate RMI-FIN-DEG-2018

Bachelor of Business (Financial Planning)