Financial Advisory Practice
UndergraduateRMI-FNP342021
Course information for 2021 intake
Count the steps involved in launching your own financial planning business. Get a handle on business management concepts and tools. Make note of potential customer service issues.
Produce a detailed financial statement of advice for a client.
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Prior study needed
- Duration
- 13 weeks
- Loan available
- HECS-HELP and FEE-HELP available
Financial Advisory Practice
About this subject
On successful completion of this subject you will be able to:
- Prepare a range of financial planning strategies based on clients’ objectives, needs and risk profile.
- Identify clients’ financial aims using a variety of data collection and interview techniques.
- Critically examine ethical and conflict of interest issues in the provision of financial services to consumers.
- Produce a comprehensive and compliant Statement of Advice (SoA).
- Implement and review a financial plan and use software skills to engage with clients in real-time.
- Demonstrate the integration of specialist technical knowledge areas within financial planning in developing strategies and recommendations for a client.
- Please refer to RMIT University’s Learning Management System - Canvas, for further details.
Please note: This subject was previously known as Financial Planning Practice Management.
This subject draws upon a range of disciplines and culminates in the preparation of a Statement of Advice for a client. The practice of financial planning requires understanding of regulation and the application of business management principles and techniques. The first aspect of this subject requires the application of these skills in the preparation, presentation, implementation and review of a personal financial plan for a client. The second aspect of the subject focuses on financial planning practice management and aims to ensure students are aware of many of the practical issues that will confront them in the financial planning industry. You will also identify and discuss the principal customer service issues associated with the management of a financial planning practice.
This course includes a Work Integrated Learning (WIL) experience in which your knowledge and skills will be applied and assessed in a real or simulated workplace context and where feedback from industry and/or community is integral to your experience. The course also provides you with a capstone experience that will give you the opportunity to critically reflect on and consolidate what you have previously learnt in the program.
- Assessment Task 1 (Linked CLOs: 1, 2, 4) (10%)
- Assessment Task 2 (Linked CLOs: 1, 2, 3, 4, 5, 6) (50%)
- Assessment Task 3 (Linked CLOs: 2, 3, 4, 5) (40%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Others
This is a capstone subject. All other subjects in the Bachelor of Business (Financial Planning) must be completed prior to enrolling.
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
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