Abstract
This subject introduces the concepts involved in personal financial planning, placing particular attention to the various processes and principles which are involved. It provides an overview of the laws and regulations relating to the financial planning industry, the forms of government assistance to individuals, the choice of investments available, and … For more content click the Read More button below.
Syllabus
the financial planning profession;the financial planning process and the Statement of Advice;communication with clients;successful financial planning;budgeting and credit management;investing in shares and bonds;managed funds;investment risk;insurance;taxation issues;superannuation;social security;estate planning.
Learning outcomes
Upon successful completion of this subject, students should:
1.
be able to reflect critically on the structure, regulation and participants in the financial planning industry;
2.
be able to analyse and evaluate various approaches to the financial planning process;
3.
be able to use effective communication skills and financial planning principles to establish client goals and risk profile and develop a strategic statement that will form the basis of the financial plan;
4.
be able to evaluate sources of consumer credit and apply investment strategies for wealth accumulation;
5.
be able to apply risk management and taxation strategies for wealth protection;
6.
be able to demonstrate an understanding of legal, social security, and retirement-related rules associated with financial planning;
7.
be able to create, present, and interpret a professional-quality Statement of Advice that includes documentation of the decision process and a detailed action plan.
Enrolment restrictions
Postgraduate Courses in the Faculty of Business, Justice and Behavioural Science.