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?

2019

Duration

13 weeks

Student rating

3.72

Study method

100% online

Available loans

FEE-HELP
HECS-HELP

Assessments

Subjects may require attendance

Prior study

Not required

Study terms

26 May 2019
25 Aug 2019
24 Nov 2019

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.

Subject details

What you'll learn

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

understand the meaning of financial management and establish a model on which a personal plan can be built
appreciate the interdependence of various aspects within financial planning
appreciate the various economic, political and regulatory factors influencing the financial planning environment
analyse and measure the risk and return of investments
understand concepts associated with portfolio theory
explain the features of various forms of investment available to individuals and outline their advantages and disadvantages
suggest the appropriateness of each investment type for particular investor needs
outline the role of insurance in personal financial management
understand and perform simple financial need analysis
appreciate the effects of taxation and social security on financial planning and calculate taxation liability and social security entitlements
explain the nature and purpose of pension schemes and retirement incomes policy
outline the role of estate planning within the financial planning process
develop and be able to critically evaluate a financial plan for an individual.

Topics covered

- Introduction to financial planning environment in Australia
- Analysing the risk and return of investments
- Taxation 1
- Taxation 2
- The investment planning process
- Direct investments
- Indirect investments
- Analysis of investments
- Risk management and insurance
- Superannuation and retirement planning
- Social security
- Estate planning
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

Gain an introduction to the workings of the financial planning and wealth management industry, with special emphasis placed on the development of a financial plan or strategy for an individual. You will cover the following topics: introduction to the financial planning environment in Australia; analysing the risk and return of investments; taxation; the investment planning process; direct investments; indirect investments; analysis of investments; risk management and insurance; superannuation and retirement planning; social security; and estate planning.

You will need access to a non-programmable, financial calculator or a calculator with a 'to the power of' function.

Assessments

Test (20%)
Participation (30%)
Invigilated Exam (50%)

Textbooks

Current study term (26 May 19 to 25 Aug 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 (25 Aug 19 to 24 Nov 19)

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)