Undergraduate RMI-FNP11-2019

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

$1,369 $1,619

Your upfront cost: $0

International student?

Duration

13 weeks

Study method

100% online

Available loans

FEE-HELP
HECS-HELP

Assessments

Subjects may require attendance

Prior study

Not required

Study terms

26 Aug 2019
25 Nov 2019
02 Mar 2020
01 Jun 2020
31 Aug 2020
30 Nov 2020

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.

University ranking

2019
2020

Subject details

What you'll learn

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

Select and recommend the most appropriate financial and investment strategies for individual clients.
Critically analyse the role of insurance in personal financial management and risk protection.
Calculate taxation liability and social security entitlements for a range of clients.
Evaluate asset management structures best suited for estate and succession planning for an individual.
Explain the nature and purpose of pension schemes and retirement incomes policy to clients.
Develop basic financial plans for clients with diverse needs.

Topics covered

- Please refer to RMIT's Learning Management System - Canvas, for further details.
Study resources
- Instructional methods
  - Discussion forum/Discussion Board
- Online materials
  - Resources and Links
  - Printable format materials
  - Online Assessment
  - FAQs
  - Quizzes

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 course 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 1 (20%)
Assessment 2 (30%)
Invigilated Exam (50%)

Textbooks

Current study term (25 Aug 19 to 24 Nov 19)

Click on the titles of the listed books below to find out more:

Financial Planning, 2nd Update ed.

Warren McKeown, Mike Kerry and Marc Olynyk

Required

Next study term (24 Nov 19 to 23 Feb 20)

Textbook information is pending.

Related degrees

undergraduate RMI-FIN-DEG-2019

Bachelor of Business Financial Planning

undergraduate SWI-BUS-DEG-2019

Bachelor of Business

10 available majors

Major in Economics (THIS MAJOR IS CURRENTLY IN TEACH-OUT)
Major in Finance (THIS MAJOR IS CURRENTLY IN TEACH-OUT)
Major in Information Systems
Major in Marketing
Co-Major in Economics (for Finance students) (THIS CO-MAJOR IS CURRENTLY IN TEACH-OUT)
Co-Major in Economics (not for Finance students) (THIS CO-MAJOR IS CURRENTLY IN TEACH-OUT)
Co-Major in Finance (cannot be taken with the Finance or Economics Major) (THIS CO-MAJOR IS CURRENTLY IN TEACH-OUT)
Co-Major in Finance (for Economics students) (THIS CO-MAJOR IS CURRENTLY IN TEACH-OUT)
Co-Major in Information Systems
Co-Major in Marketing (cannot be taken with the Marketing Major)