Undergraduate RMI-FNP31-2019

Wealth Creation and Estate Planning

Analyse the world of financial planning, investing and wealth creation.

Hone an ability to decipher risk profiles and recommend wealth creation strategies. Administer and review investment portfolios. Understand how estate planning processes run.

From

$1,369 $1,619

Your upfront cost: $0

International student?

2019

Duration

13 weeks

Student rating

4.04

Study method

100% online

Available loans

FEE-HELP
HECS-HELP

Assessments

Subjects may require attendance

Prior study

Not required

Study terms

27 May 2019
25 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 you will be able to:

demonstrate an understanding of how investment and portfolio construction is applied to retail investors
demonstrate an understanding of the income and growth characteristics and risk and return characteristics of different investment asset classes
identify and discuss the merits of retail investors investing in direct investments, managed investments and investment platforms
assess a client's risk profile and use this information to recommend appropriate asset allocations and to construct portfolios for retail clients
demonstrate an understanding of the benefits and dangers of gearing as a wealth creation strategy
understand how to administer and review portfolios for retail clients
demonstrate a knowledge of estate planning issues and administration of deceased estates
understand the uses and applications of Powers of Attorney and the parties involved.

Topics covered

- Investing for individuals
- Investment assets
- Managed investments
- Gearing
- Asset allocation for individual investors
- Portfolio strategies
- Estate planning and administration of estates
- Administering individual portfolios
Study resources
- Online materials
  - Printable format materials

Entry requirements

You are recommended to have completed the following subjects(s) or have equivalent knowledge before starting this subject:

Special requirements

No special requirements

Description

Please note: This subject was previously known as Wealth Creation and Protection.

Build your knowledge of wealth creation for individual investors and estate planning within the financial planning process. You will learn the merits of retail investors investing in direct investments, managed investments and investment platforms. You will be able to assess an individual's risk profile and use this information to make informed recommendations for wealth creation, including the suitability of leveraged investment. Your knowledge will enable you to analyse client situations and to recommend appropriate wealth creation strategies. You will learn how to build, administer and review investment portfolios for retail clients. You will also learn about estate planning issues, the administration of deceased estates and the uses and applications of Powers of Attorney, in the context of identifying estate planning issues as part of the financial planning process.

Assessments

Test (15%)
Assignment (40%)
Invigilated Exam (45%)

Textbooks

Current study term (27 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 Nov 19 to 23 Feb 20)

Textbook information is pending.

Related degrees

undergraduate RMI-FIN-DEG-2019

Bachelor of Business Financial Planning