Financial Advice Technology Project
Duration
One Semester or equivalent
Contact hours
- 36 hours
On-campus unit delivery combines face-to-face and digital learning. For Online unit delivery, learning is conducted exclusively online.
2023 teaching periods
| Swinburne Online Teaching Period 1 |
Swinburne Online Teaching Period 3 | |
|---|---|---|
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Prerequisites
Concurrent pre-requisites
Indicates a unit can be either completed prior or in the same study period
AND
AND
Aims and objectives
This unit introduces students to the financial planning process and the development of a comprehensive financial plan. The unit considers issues relating to risk management, estate planning, salary packaging, investment and retirement planning covered in earlier units and incorporates all of these areas into a Comprehensive Statement of Advice (SOA). Students will utilise industry software and technology to facilitate the process of producing the SOA. In addition, students will learn about research methodologies to conduct a research project on aspects of financial planning industry.
Unit Learning Outcomes (ULO)
Students who successfully complete this unit will be able to:
1. Demonstrate coherent and advanced knowledge of fundamental concepts and key techniques in financial planning
2. Critically analyse financial planning scopes to develop strategies and formulate an ethical, Comprehensive Statement of Advice
3. Apply coherent and advanced knowledge of technology and research various financial planning products
4. Apply research methodologies in developing a research project.
5. Communicate proficiently and in a professional context and work effectively as a member of a team
Unit Learning Outcomes (ULO)
Students who successfully complete this unit will be able to:
1. Demonstrate coherent and advanced knowledge of fundamental concepts and key techniques in financial planning
2. Critically analyse financial planning scopes to develop strategies and formulate an ethical, Comprehensive Statement of Advice
3. Apply coherent and advanced knowledge of technology and research various financial planning products
4. Apply research methodologies in developing a research project.
5. Communicate proficiently and in a professional context and work effectively as a member of a team
Unit information in detail
- Teaching methods, assessment, general skills outcomes and content.
Teaching methods
Face to Face Mode:
Scheduled hours: Workshops (12 x 3 hours) weekly
Online Mode: SOL
Engaging with online content and discussions
Student workload:
For all teaching and learning structures (both face to face and online), students are expected to spend an average of 150 hours per unit in total over the duration of the study period
This includes all:
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
To be successful, students should:
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Scheduled hours: Workshops (12 x 3 hours) weekly
Online Mode: SOL
Engaging with online content and discussions
Student workload:
For all teaching and learning structures (both face to face and online), students are expected to spend an average of 150 hours per unit in total over the duration of the study period
This includes all:
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
• Non-scheduled learning events and activities (including directed online learning activities, assessments, independent study, student group meetings, and research)
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Assessment
1. Critical Analysis: research report (Individual) 40-60%
2. Comprehensive Statement of Advice (SOA) and presentation (Group) 40-60%
2. Comprehensive Statement of Advice (SOA) and presentation (Group) 40-60%
General skills outcomes
• Teamwork skills
• Problem solving skills
• Analysis skills
• Communication skills
• Ability to tackle unfamiliar problems
• Ability to work independently
• Problem solving skills
• Analysis skills
• Communication skills
• Ability to tackle unfamiliar problems
• Ability to work independently
Content
• Financial planning scopes, strategies and products
• FASEA Code of ethics
• Best interest duty and conflict of interest
• Advice cycle
• Use of technology in the development of a SOA
• Financial Technologies including, WealthTech, Insurtech, Robo-advise and Artificial intelligence
• Research process
• Research methodologies
• Data analysis
• Research report writing
• FASEA Code of ethics
• Best interest duty and conflict of interest
• Advice cycle
• Use of technology in the development of a SOA
• Financial Technologies including, WealthTech, Insurtech, Robo-advise and Artificial intelligence
• Research process
• Research methodologies
• Data analysis
• Research report writing
Study resources
- Reading materials and references.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.
References
Christi, S. and Puschmann, T., (2018) The Wealthtech Book: The Fintech Handbook for investors, Entrepreneurs and Finance Visionaries, Wiley.
CBinsights 2018, Insurance Tech Q1 2018, (https://www.cbinsights.com/research/report/ accessed 1st June 2018).
World Economic Forum, 2015, The future of Financial Services: How disruptive innovations are reshaping the way financial services are structured, provisioned and consumed (http://www3.weforum.org/docs/WEF_The_future__of_financial_services.pdf).