Elements of Financial Planning and Regulation
Overview
This unit provides an insight to the elements of the financial planning profession. Students will learn about the necessary acumen of analysing economic factors and their impact on individuals’ financial plans. This unit also examines the regulatory environment and contemporary issues within the financial planning industry and underpinning elements of an adviser’s professional capacity and conduct. Financial planning strategies, processes and related due diligence will be investigated in this unit. Additionally, students will be introduced to financial planning technologies and ethical principles.
Requisites
09-February-2025
05-October-2025
Learning outcomes
Students who successfully complete this unit will be able to:
- Critically analyse financial advice process with regard to current legislations and industry code of conducts
- Evaluate the relevant macro and micro economics factors and integrate them into the assessment of clients’ situations
- Assess range of financial planning scopes to develop advanced client strategies
- Utilise technological platforms to integrate client information, strategies and macro and micro economic factors to generate a Statement of Advice
- Demonstrate an advanced understanding of professional competencies and work collaboratively in teams
Teaching methods
Hawthorn
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| On-campus Class | 2.00 | 12 weeks | 24 |
| Unspecified Activities Independent Learning | 9.50 | 12 weeks | 114 |
| Online Lecture | 1.00 | 12 weeks | 12 |
| TOTAL | 150 |
Swinburne Online
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| Online Directed Online Learning and Independent Learning | 12.50 | 12 weeks | 150 |
| TOTAL | 150 |
Assessment
| Type | Task | Weighting | ULO's |
|---|---|---|---|
| Assessment | Individual | 30 - 50% | 1,2,3 |
| Assignment | Group | 20 - 30% | 1,2,3,4,5 |
| Online Quizzes | Individual | 20 - 30% | 1,2,3 |
| Presentation | Individual | 10 - 20% | 1,2,3 |
Content
- Economic environment
- Overview of financial planning industry
- Financial advice regulatory and legal obligation
- Financial advice process
- Scopes and strategies to generate advice
- Construction and presentation of strategic Statement of Advice
- Use of technology in Financial Planning
- Client engagement and necessary elements for a contemporary professional
Study resources
Reading materials
A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.