Personal Wealth Management
UndergraduateRMI-FNP112021
Course information for 2021 intake
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 course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Prior study needed
- Duration
- 13 weeks
- Loan available
- HECS-HELP and FEE-HELP available
Personal Wealth Management
About this subject
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.
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%)
For textbook details check your university's handbook, website or learning management system (LMS).
One of Australia's largest dual-sector institutes, 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 96,000 students study with RMIT, and many of their degrees are available through Open Universities Australia.
Learn more about RMIT University.
Explore RMIT courses.
- QS World University Ranking 2025, within Australia:
- 10
- Times Higher Education World University Ranking 2025, within Australia:
- 16
Entry requirements
Prior study
To help set you up for success before you start this subject, we suggest completing or having equivalent knowledge in:
one of
GRF-AFE134 (Not currently available)
GRF-IBA134 (Not currently available)
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.
Single subject FAQs
What’s a single subject?
Single subjects are the individual components that make up a degree. With Open Universities Australia, you’re able to study many of them as stand-alone subjects, including postgraduate single subjects, without having to commit to a degree.
Each of your subjects will be held over the course of a study term, and they’ll usually require 10 to 12 hours of study each week. Subjects are identified by a title and a code, for example, Developmental Psychology, PSY20007.
How can I use single subjects to get into a full degree?
First, find the degree that you would like to study on our website.
If that degree allows entry via undergraduate subjects, there will be information about this under the Entry Requirements section. You will find a list of 2-4 open enrolment subjects you need to successfully complete to qualify for admission into that qualification.
Once you pass those subjects, you will satisfy the academic requirements for the degree, and you can apply for entry.
Our student advisors are here to help you take that next step, so don’t hesitate to reach out when you’re ready! We’ve also made it easier to figure out the right way to get started on our pathways page.
Can anyone help me choose a subject?
Our student advisors are more than happy to help you plan your online study. Get in touch with an advisor by:
How do I pay for my subjects?
You can pay up front with your credit card, or you may be eligible for a HELP loan from the Australian government depending on your citizenship status and where you’ll live during your studies.
For more information about how to pay for your studies visit our fees page or contact a student advisor.
How do I enrol?
When you’ve made your choice, click ‘Enrol now’ on the relevant course page and follow the prompts to begin your enrolment. We’ll ask you to supply some supporting documentation, including proof of your identity, your tax file number, and a unique student identifier (USI) during this process.
Your university will get in touch with you via email to confirm whether or not your application has been successful.
If you get stuck at any time, reach out to us and we’ll talk you through it.
You can also take a look at our online self-service enrolling instructions.
When is the cut-off date for enrolling?
Close of enrolment times vary between universities and subjects. You can check the cut-off dates for upcoming study terms by visiting key dates.