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: |
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 and content.
Teaching methods
Hawthorn
Type | Hours per week | Number of Weeks | Total |
Face to Face Contact Class Tutorial | 2 1 | 12 12 | 24 12 |
Unspecified Learning Activities Independent Learning | 9.5 | 12 | 114 |
TOTAL | 150 hours |
Swinburne Online
Type | Hours per week | Number of Weeks | Total |
Online Contact Directed Online Learning and Independent Learning | 12.5 | 12 | 150 |
TOTAL | 150 hours |
Assessment
1. Assignment (Group) 20-30%
2. Presentation (Group) 20-30%
3. Final Exam (Individual) 40-60%
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.