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Are you looking to enter the financial services industry to provide General or Personal Advice to retail clients?
Are you looking to become ASIC RG146 compliant?
Kaplan Professional, a leading national provider of education in financial services recommends the Kaplan Tier 1 RG146 Compliance Solution for those wanting to provide either general advice or personal advice in the securities and managed investments specialist knowledge area.
This subject introduces individuals to the concepts of securities and managed investments as they apply to retail clients. Individuals will learn the purpose of investing – the return and risk undertaken in making investments as well as the relationship between the two concepts. The subject explores diversification, its effect on risk and return and other key elements of portfolio construction.
Individuals can elect to complete either a general advice or personal advice study option.
Upon successful completion of the general advice option, individuals will meet the education requirements of ASIC Regulatory Guide 146 (RG146) for providing general advice in securities and managed investments to retail clients.
Upon successful completion of the personal advice option, individuals will meet the education requirements of ASIC Regulatory Guide 146 (RG146) for providing personal advice in securities and managed investments to retail clients.
Individuals have 12 weeks to complete this subject.
Units of competency are only awarded to individuals who complete the personal advice option of this subject. Please see the Tier 1 Securities and Managed Investments subject outline to view relevant units of competency.
Please refer to the subject outlines for more information:
Tier 1 Compliance Solution – Securities and Managed Investments
Personal Advice: $585 (GST exempt)
General Advice: $500 (GST exempt)
For additional study-related fees, please click here.
Individuals have a total of:
Therefore, if an individual completes the learning and assessment, and the resubmission time in every subject is granted, the duration will be 16 weeks.
The amount of training for this course may be up to 20 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 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.
Individuals completing Tier 1 Securities and Managed Investments – General Advice will need to have completed Generic Knowledge.
Individuals completing Tier 1 Securities and Managed Investments – Personal Advice must hold the pre-requisite units of competency and have completed Tier 1 Generic Knowledge. If individuals do not meet the entry requirements, they are required to complete DFP1 Financial Planning Fundamentals.
The pre-requisite units are as follows:
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 firstname.lastname@example.org.
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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:
You may enrol into this course at any time and begin studying immediately on enrolment.*
To enrol online, please follow these steps:
You can search for the specific subject you are wishing to enrol into by entering the name of the subject and clicking search.
* General Advice – If you have not previously completed Generic Knowledge, please ensure you enrol into this subject as it is a prerequisite.
* Personal Advice – If you have not previously completed the pre-requisite units of competency and have not completed Generic Knowledge or, If you do not meet the entry requirements, please ensure you enroll into DFP1 Financial Planning Fundamentals as it is a prerequisite.
This course is delivered online via Kaplan’s learning management system KapLearn.
You will receive login details to KapLearn upon enrolment. When you log on to KapLearn you are 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.
Recognition of Prior Learning (RPL)
Individuals may be able to obtain Recognition of Prior Learning (RPL) for a Kaplan 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 Credit Transfer and Recognition of Prior Learning (RPL) page.
The assessments for each subject are listed below:
Individuals may attempt the exam and/or submit their written and oral assignment at any time if they believe they are adequately prepared. Individuals will receive personal reminder emails as they approach their assessment deadlines.
For Personal Advice, individuals must be deemed competent in all assessment items 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.
Individuals who complete the Personal Advice subject will receive a statement of attainment.
Kaplan provides students with a case study (real life client scenario) for which students are required to research and develop strategies and/or prepare a compliant Statement of Advice for the client. You will be assessed on your ability to engage with your client — from initial contact, to the development and documentation of a financial strategy to meet their specific needs.
You must submit your assignment within 12 weeks of your enrolment date.
If your first submission is deemed ‘not yet competent’ you are required to resubmit it. You will only need to resubmit the question(s) that do not have the demonstrated knowledge requirement. If a resubmission is required, it must be within 16 weeks of your enrolment date. More detailed information about the assignments are in the subject outlines.
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.
Continuing professional development (CPD) of your knowledge and skills is essential to remaining compliant under ASIC’s Regulatory Guide 146 (RG146).
Kaplan offers CPD training through Ontrack — our online CPD platform — which delivers monthly multimedia training, along with tracking and reporting capabilities.
Kaplan’s CPD training is recognised and accredited by the FPA, AFA and SPAA. To learn more about our RG146 compliance offerings, visit the CPD page for more information, or contact our CPD support team on 1300 527 526.
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 does not go as planned and they need extra support.
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1300 728 505
1300 728 505