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.
Enrolments for this year have closed. Keep exploring subjects.
Subjects may require attendance
- 31 May 2021
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.
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On successful completion of this subject you 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.
- Please refer to RMIT University’s Learning Management System - Canvas, for further details.
You are recommended to have completed the following subjects(s) or have equivalent knowledge before starting this subject:
- GRF-AFE134 (Not currently available)
- GRF-IBA134 (Not currently available)
No additional requirements
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.
- 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%)
Current study term: 30 May 21 to 29 Aug 21
Check the learning management system (LMS) of your university for textbook details.