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Course overview


STUDY MODE

100% online

NUMBER OF SUBJECTS

0

NEXT INTAKE

N/A

COURSE FEE

$1,995.00

AVAILABLE LOANS

FEE-HELP

AQF LEVEL

N/A

COURSE DURATION

PROVIDER ID

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Duration

Individuals have a total of:

  • 36 weeks to complete the learning and assessment requirements for Diploma of Financial Planning FNS50615, from their initial activation date.
  • An optional six (6) weeks is provided for those individuals completing the ‘new to industry’ subject – Introduction to Finance Principles.
  • An additional four (4) weeks resubmission time – if an individual reaches the end of their initial enrolment period and has been deemed not yet competent in one or more assessment items, then an additional four (4) weeks will be granted, provided the individual attempted all assessment tasks during the initial enrolment period.

Therefore, if an individual completes the learning and assessment, and the resubmission time in every subject is granted, the duration will be 48 weeks. For those individuals completing the ‘new to industry’ subject, the duration will be 54 weeks.

Individuals who require the Diploma of Financial Planning FNS50615 qualification and optional Introduction to Finance Principles subject, must complete within two years of their initial enrolment date.

The subject breakdown for this course is below:

SubjectEstimated duration
IFP Introduction to Finance Principles -optional6 weeks course work
DFP1 Financial Planning Fundamentals12 weeks course work
4 weeks resubmission time as outlined above
DFP2 Insurance and Risk Protection12 weeks course work
4 weeks resubmission time as outlined above
DFP3 Superannuation and Retirement Planning12 weeks course work
4 weeks resubmission time as outlined above

The amount of training for the subjects DFP1 Financial Planning Fundamentals and DFP3 Superannuation and Retirement Planning may be up to 20 hours per week, and for the subjects Introduction to Finance Principles and DFP2 Insurance and Risk Protection, it may be up to 15 hours per week. The amount of training is the hours an individual can expect to spend to complete their course work and assessments.

In addition to the amount of training, individuals who are new to industry or vocational training could need up to five (5) hours per week known as unsupervised hours. These additional hours are for study skills or further research. For example, an individual not working in industry would need more time to review industry websites that are usually introduced in workplace compliance training.

Individuals working in industry may be able to complete the course requirements in a shorter timeframe or less hours per week.

Assessment

The assessments for each subject are listed below. Units of competency are co-assessed by topic within subjects, as listed in the subject outlines.

SubjectAssessmentsDetail
FIP Introduction to Finance Principles - optionalNo formal assessmentReview quizzes contained within each of the 8 topics
There are no Units of competency for this subject
DFP1 Financial Planning Fundamentals1 ExamSupervised, open book multiple choice examination, four (4) attempts.
1 Written and Oral AssignmentWritten and oral assignment – two (2) attempts

• Written – short answer questions and the preparation of a series of strategy recommendations for a case study client in line with legislative and best practice guidelines.

• Oral - role play.

The mode of oral assessment is by audio recording. As part of the course requirements, individuals will need to find a volunteer to assist with their role play in the oral assignment.
DFP2 Insurance and Risk Protection1 ExamSupervised, open book multiple choice examination, four (4) attempts.
1 Written and Oral AssignmentWritten and oral assignment – two (2) attempts

• Written - The preparation of a series of product and strategy recommendations for a case study client in line with legislative and best practice guidelines.

• Oral - role play.
The mode of oral assessment is by audio recording. As part of the course requirements, individuals will need to find a volunteer to assist with their role play in the oral assignment.
DFP3 Superannuation and Retirement Planning1 ExamSupervised, open book multiple choice examination, four (4) attempts.
1 Written and Oral AssignmentWritten and oral assignment – two (2) attempts

• Written - A series of short-answer questions and the preparation of a compliant Statement of Advice for a given case study (real life client scenario).

• Oral - role play

The mode of oral assessment is by audio recording. As part of the course requirements, individuals will need to find a volunteer to assist with their role play in the oral assignment.

Individuals may attempt the exam and/or submit their assignment at any time if they believe they are adequately prepared. Individuals will receive personal reminder emails as they approach their assessment deadlines.

Individuals must be deemed competent in all assessment items, including demonstrating competency in all of the exam questions, in order to be awarded their qualification or course.

To learn more about what to expect when completing an oral assignment using audio please click here.

Assignments

You must submit your assignment within 12 weeks of your enrolment date.

If your first submission is deemed ‘not yet competent’ you’re required to resubmit it. You’ll only need to resubmit the question(s) that don’t have the demonstrated knowledge requirement. More detailed information about the assignments are in the subject outlines.

Exams

Kaplan Professional’s exams are open book multiple-choice exams where emphasis is placed on the application of knowledge.

You must sit your first exam within 12 weeks of your enrolment date.

To achieve an overall grade of ‘competent’ in the exam, you must achieve competency in all of the exam questions If you are deemed ‘not yet competent’  you are provided with a re-sit and are only required to attempt the questions you got incorrect in the re-sit.

You can sit your exam while being supervised in your workplace or at a Kaplan Professional office.

Click here for Kaplan Professional office exam times and venues.

Individuals who successfully complete DFP1–3 will receive a qualification certificate.

Pathways

Kaplan Professional has developed clear pathways for individuals looking to elevate their career within the financial planning industry. Kaplan Professional is currently reviewing the pathways to attain a degree and a designation as a result of the recent FASEA announcement.

CPD

Continuing professional development (CPD) of your knowledge and skills is essential to remaining compliant under ASIC’s Regulatory Guide 146 (RG 146).

Kaplan Professional offers CPD training through Ontrack — our online CPD platform — which delivers monthly multimedia training, along with tracking and reporting capabilities.

Kaplan Professional’s CPD training is recognised and accredited by the FPA, AFA and SMSF Association. To learn more about our RG 146 compliance offerings, visit the CPD page for more information, or contact our CPD support team on 1300 527 526.

Entry Requirements

There are no minimum education requirements.

For individuals who are new to industry*, Kaplan Professional recommends individuals complete an optional subject as part of their Financial Planner Level 1 course. In the subject, Introduction to Finance Principles, individuals are provided with an introduction to finance, including budgeting and forecasting, balance sheet, income statement, cash flows and accounting principles. To enrol in this option please select ‘Financial Planner Level 1 – new to industry’ in your course selection.

*New to industry is considered less than 6 months experience in the financial services industry.

Language, Literacy and Numeracy (LLN) requirements

This course requires you to read comprehensive learner workbooks, complete a range of written assessments, undertake independent research activities and at times engage in online forums and discussions. Furthermore, the delivery mode relies on the extensive use of written communication.

If you have any doubts about whether you have the language, literacy and numeracy skills to undertake a Kaplan Professional program, we recommend you speak with our Student Services team on 1300 662 203 or email mail@kaplan.edu.au.

Computing requirements

Recommended browsers

You can access KapLearn using any of the browsers below, but it runs best on the latest versions:

  • Firefox 3 or later
  • Chrome 4 or later
  • Safari 3 or later
  • Internet Explorer

You may find it helpful to have more than one browser installed on your computer. If you experience problems using Kaplan’s online learning system, try using another browser.

Browser settings and support

For the best user experience at Kaplan’s online learning system, select the following browser settings:

  • enable cookies
  • enable JavaScript
  • do not block pop-up windows

Audio recording app

You will need to use a free or paid audio-recording app on your phone, tablet or computer to record and submit your oral assignment. Most devices come with a free built-in audio/voice-recording app. More information should be available in your device manual or on the device manufacturer’s website. Below are help links for some popular devices.

Skill requirements

To successfully complete this qualification, individuals will require basic computing skills. This may include:

  • saving and editing Microsoft Office documents
  • researching, accessing and searching the internet
  • downloading and saving documents from websites
  • uploading documents through websites
  • making an audio recording using a smartphone, tablet or computer
  • participating in online discussions

This course requires you to read comprehensive learner workbooks, complete a range of written assessments, undertake independent research activities and at times engage in online forums and discussions. Furthermore, the delivery mode relies on the extensive use of written communication.

If you have any doubts about whether you have the language, literacy and numeracy skills to undertake a Kaplan Professional program, we recommend you speak with our Student Services team on 1300 662 203 or email mail@kaplan.edu.au.

Recommended browsers

You can access KapLearn using any of the browsers below, but it runs best on the latest versions:

  • Firefox 3 or later
  • Chrome 4 or later
  • Safari 3 or later
  • Internet Explorer

You may find it helpful to have more than one browser installed on your computer. If you experience problems using Kaplan’s online learning system, try using another browser.

Browser settings and support

For the best user experience at Kaplan’s online learning system, select the following browser settings:

  • enable cookies
  • enable JavaScript
  • do not block pop-up windows

Audio recording app

You will need to use a free or paid audio-recording app on your phone, tablet or computer to record and submit your oral assignment. Most devices come with a free built-in audio/voice-recording app. More information should be available in your device manual or on the device manufacturer’s website. Below are help links for some popular devices.

To successfully complete this qualification, individuals will require basic computing skills. This may include:

  • saving and editing Microsoft Office documents
  • researching, accessing and searching the internet
  • downloading and saving documents from websites
  • uploading documents through websites
  • making an audio recording using a smartphone, tablet or computer
  • participating in online discussions

Industry Education Requirements

Education requirements for financial advisers

We encourage you to book a consultation over the phone to discuss the options and study pathways available to you in more detail. These consultations allow our experienced and knowledgeable team to understand your needs, identify the qualification most appropriate for you, and address your questions thoroughly.

Book a consultation >

Alternatively, you can get in touch directly on 1300 320 760 or educationrequirements@kaplan.edu.au .

Enrolment Information

You may enrol into this course at any time and begin studying immediately on enrolment.

Enrol now

Individuals must complete subjects DFP1  to DFP3 in sequential order.

This course is delivered online via Kaplan Professional’s learning management system, KapLearn.

You’ll receive login details to KapLearn on enrolment. When you log on to KapLearn, you’re able to access the subject notes, assessments, additional learning materials such as media, case studies, practice activities and your online tutor.

Assessments are accessed and submitted through KapLearn.

Corporate clients should contact our Corporate Solutions team on 1300 728 505 to discuss face-to-face delivery options and how we can tailor our training to your business needs.

Individuals may be able to obtain Recognition of Prior Learning (RPL) for a Kaplan Professional award subject based on their previous study and/or work experience. To do this, individuals must submit evidence that demonstrates they have already met the requirements of the subject through these other means.

Evidence can take many forms, such as information about approved study, information about work experience, certificates, transcripts or other credentials.

To find out if you are eligible for RPL, refer to our exemptions page.

Policies

Student Policies

Individuals who enrol in a Kaplan Professional course are bound by our published policies, including the policy that sets out our rules for assessment. Individuals can review these policies here. The policies also assist individuals when their study program doesn’t go as planned and they need extra support.

Terms and Conditions

Click here to access our terms and conditions.

Refund Policy

Access our refund policy.

Fees and FEE-HELP

Enrol directly into DFP1–3 for $1995 (GST exempt).

Individual subjects are $585 (GST exempt) each.

The subject, Introduction to Finance Principles is provided at no additional cost.

For additional study-related fees, please click here.

Support and wellbeing

We understand studying isn’t always easy; you may not have studied for some time or perhaps you haven’t studied online previously. Kaplan Professional recognises juggling study with work and family commitments, while trying to find the balance can be demanding.

Your wellbeing and safety is paramount to Kaplan Professional. We want to ensure your experience is well-rounded and balanced to help you attain the most from your studies, so we encourage you to take advantage of the services available to you.

Support and wellbeing

We understand studying isn’t always easy; you may not have studied for some time or perhaps you haven’t studied online previously. Kaplan Professional recognises juggling study with work and family commitments, while trying to find the balance can be demanding.

Your wellbeing and safety is paramount to Kaplan Professional. We want to ensure your experience is well-rounded and balanced to help you attain the most from your studies, so we encourage you to take advantage of the services available to you.

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