Principles of Financial Planning
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.
2021 teaching periods
Hawthorn
| Higher Ed. Semester 2 | ||
|---|---|---|
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Swinburne Online
| Teaching Period 2 | ||
|---|---|---|
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Aims and objectives
This unit aims to provide an overview of the financial planning industry. Students will learn about the background and purpose of financial planning legislations and the relevant code of conducts. They will also learn the financial advice process and the steps involved in construction and communication of a Statement of Advice, considering clients’ objectives and needs. This unit introduces the management of a financial planning practice. Students will also be introduced to relevant technologies, client engagement process and ethical principles in Financial Planning.
Unit Learning Outcomes (ULO)
Students who successfully complete this unit will be able to:
1. Identify scope of financial advice and demonstrate knowledge of financial advice processes and technologies.
2. Exhibit an understanding of legislation and codes of conduct in the financial planning industry.
3. Develop a Statement of Advice for clients while considering the relevant ethical principles and professional conduct requirements.
4. Demonstrate professional communication skills, in order to effectively articulate an idea and convince others of its merit.
5. Work collaboratively and effectively in diverse teams
Unit Learning Outcomes (ULO)
Students who successfully complete this unit will be able to:
1. Identify scope of financial advice and demonstrate knowledge of financial advice processes and technologies.
2. Exhibit an understanding of legislation and codes of conduct in the financial planning industry.
3. Develop a Statement of Advice for clients while considering the relevant ethical principles and professional conduct requirements.
4. Demonstrate professional communication skills, in order to effectively articulate an idea and convince others of its merit.
5. Work collaboratively and effectively in diverse teams
Unit information in detail
- Teaching methods, assessment, general skills outcomes and content.
Teaching methods
Face to Face Mode:
Scheduled hours: Class (12 x 3 hours)
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: Class (12 x 3 hours)
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. Assignment (Group) 20-30%
2. Presentation (Group) 20-30%
3. Final Exam (Individual) 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
• Economic environment
• Overview of financial planning industry
• Relevant legislations and code ethics and conducts in the financial planning industry
• Financial advice process
• Scopes of Financial Planning
• Construction and presentation of strategic Statement of Advice (SoA)
• Financial planning practice management
• Use of technology in Financial Planning
• Client engagement and communication
• Overview of financial planning industry
• Relevant legislations and code ethics and conducts in the financial planning industry
• Financial advice process
• Scopes of Financial Planning
• Construction and presentation of strategic Statement of Advice (SoA)
• Financial planning practice management
• Use of technology in Financial Planning
• Client engagement and communication
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.