Elements of Financial Planning
Duration
One Semester or equivalent
Contact hours
- 36 hours face to face + blended
On-campus unit delivery combines face-to-face and digital learning. For Online unit delivery, learning is conducted exclusively online.
Aims and objectives
This unit provides an insight to the elements of the financial planning profession. Students will learn about the necessary acumen of analysing economic factors and their impact on individuals’ financial plans. This unit also examines the regulatory environment and contemporary issues within the financial planning industry and underpinning elements of an adviser’s professional capacity and conduct. Financial planning strategies, processes and related due diligence will be investigated in this unit. Additionally, students will be introduced to financial planning technologies and ethical principles.
Unit Learning Outcomes (ULO)
Students who successfully complete this unit will be able to:
2. Evaluate the macro and micro economics factors and integrate them into the assessment of clients’ situation
3. Assess range of financial planning scopes to develop advanced client strategies
4. Utilise technological platforms to integrate client information, strategies and macro and micro economic factors to generate a Statement of Advice
5. Demonstrate an advanced understanding of professional competencies and work collaboratively in diverse teams
Unit information in detail
- Teaching methods, assessment and content.
Teaching methods
Hawthorn
Type | Hours per week | Number of Weeks | Total |
On Campus Class | 3 | 12 | 36 |
Unspecified Activities Independent Learning | 9.5 | 12 | 114 |
TOTAL | 150 hours |
Swinburne Online
Type | Hours per week | Number of Weeks | Total |
Online Learning Activities | 12.5 | 12 | 150 |
TOTAL | 150 hours |
Assessment
Types | Individual/Group Role | Weighting | Unit Learning Outcomes (ULOs) |
Assignment | Group | 40-60% | 1,2,3,4 |
| Examination | Individual | 40-60% | 1,2,4,5 |
| Presentation | Group | 10-20% | 1,2,3,4,5 |
Content
• Economic environment
• Overview of financial planning industry
• Relevant legislations and code ethics and conducts in the financial planning industry
• Financial advice process
• Scopes and strategies to generate advice
• Construction and presentation of strategic Statement of Advice
• Use of technology in Financial Planning
• Client engagement and necessary elements for a contemporary professional
• Overview of financial planning industry
• Relevant legislations and code ethics and conducts in the financial planning industry
• Financial advice process
• Scopes and strategies to generate advice
• Construction and presentation of strategic Statement of Advice
• Use of technology in Financial Planning
• Client engagement and necessary elements for a contemporary professional
Study resources
- Reading materials.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.