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Undergraduate RMI-FNP11-2021

Personal Wealth Management

See how the financial planning and wealth management industry operates from the inside.

Extend your knowledge of taxation, insurance and investment risks and returns. Look at this industry from political, regulatory and economic perspectives.

From

$1,812 $2,062

Your upfront cost: $0

International student?

Duration

13 weeks

Study method

100% online

Available loans

  • HECS-HELP
  • FEE-HELP

Assessments

Subjects may require attendance

Prior study

Not required

Study terms

  • 31 May 2021
RMIT University - Logo
Australia's largest dual-sector institute, offering both TAFE and higher education, RMIT University proudly delivers work-related education and practical research relevant to current business and community needs. More than 60,000 students study with RMIT, and many of their degrees are available through Open Universities Australia.

QS RANKING 2021

15

Times Higher Education Ranking 2021

23

  • 2021

Subject details

What you'll learn

On successful completion of this subject you will be able to:

  1. Select and recommend the most appropriate financial and investment strategies for individual clients.
  2. Critically analyse the role of insurance in personal financial management and risk protection.
  3. Calculate taxation liability and social security entitlements for a range of clients.
  4. Evaluate asset management structures best suited for estate and succession planning for an individual.
  5. Explain the nature and purpose of pension schemes and retirement incomes policy to clients.
  6. Develop basic financial plans for clients with diverse needs.
Topics covered
    • Please refer to RMIT University’s Learning Management System - Canvas, for further details.
Entry requirements

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

  • GRF-AFE134
  • GRF-IBA134

Special requirements

No special requirements

Description

Personal Wealth Management introduces you to the workings of the financial planning and wealth management industry. It provides a framework that enables the analysis of problems and the development of action plans designed to assist people to achieve their financial goals and improve their "financial health". Increasing interest in the area of financial planning and the growth in demand for financial advisory services over the past decade has led to a rapidly expanding industry.

The area of personal financial planning and wealth management encompasses many disciplines. These include investments, retirement and cash-flow planning, pension schemes, insurance, taxation, legal structures, borrowing money to invest, financial analysis and risk assessment, amongst many other areas. This subject introduces you to the process of personal wealth management that brings all of these areas together in a way to meet an individual’s requirements.

Assessments

  • Assessment Task 1 (Linked CLOs: 1, 6) (20%)
  • Assessment Task 2 (Linked CLOs: 1, 3, 6) (30%)
  • Assessment Task 3 (Linked CLOs: 2, 3, 4, 5, 6) (50%)
Textbooks

Check the learning management system (LMS) of your university for textbook details.

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