Enrolments for 2018 have closed.
Personal Wealth Management
Undergraduate | RMI-FNP11 | 2018
Course information for 2018 intake
View information for 2019 course intakeSee 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.
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Prior study needed
- Duration
- 13 weeks
HECS-HELP and FEE-HELP available
Personal Wealth Management
About this subject
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.
- 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
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.
- Test (30%)
- Participation (20%)
- Invigilated Exam (50%)
For textbook details check your university's handbook, website or learning management system (LMS).
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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.
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