Enrolments for 2019 have closed.

View information for 2020 course intake.

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Financial Advisory Practice

Undergraduate | RMI-FNP34 | 2019

Course information for 2019 intake

View information for 2020 course intake

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.

Study method
100% online
Assessments
Subject may require attendance
Entry requirements
Prior study needed
Duration
13 weeks

HECS-HELP and FEE-HELP available

Financial Advisory Practice

About this subject

  • 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.

Entry requirements

Prior study

To help set you up for success before you start this subject, we suggest completing or having equivalent knowledge in:

and one of

Additional requirements

No additional requirements

Study load

0.125 EFTSL
This is in the range of 10 to 12 hours of study each week.

Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.

Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.

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