Course overview

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 Financial Planning specialist knowledge area.

This course provides individuals with the opportunity to develop the professional knowledge and skills (if required) to provide financial planning advice following a step–by–step process as defined by the Financial Planning Association of Australia (FPA).

This subject also introduces key areas of financial advice, including investment markets, taxation, social security, and retirement planning and risk management.

Individuals can elect to study either a general advice or personal advice 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 financial planning 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 financial planning to retail clients.

Units of competency are only awarded to individuals who complete the personal advice option of this subject. Please see the Tier 1 Financial Planning  – Personal Advice to view the relevant units of competency.

Please refer to the subject outlines for more information:

• Tier 1 Financial Planning – General Advice
• Tier 1 Financial Planning – Personal Advice

Fees

Tier 1 Compliance Solution – Financial Planning

Personal Advice: $120 (GST exempt)

General Advice: $270 (GST exempt)

For additional study-related fees, please click here

Duration

General Advice:

Individuals have a total of:

• 12 weeks to complete the learning and assessment requirements for the Tier 1 Financial Planning – General Advice subject, from their initial activate date.
• 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 the exam, then an additional 4 weeks will be granted. This time can be used to re-sit the exam.

Therefore, if an individual completes the learning and assessment, and the resubmission time in every subject is granted, the duration will be 16 weeks.

Personal Advice:

Individuals have a total of:

• 12 weeks to complete the learning and assessment requirements for the Tier 1 Financial Planning – Personal Advice subject, from their initial activation date.
• 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 tasks, then an additional 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 16 weeks.

The amount of training for this course may be up to 10 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.

Entry requirements

Education requirements

General Advice

Individuals completing Tier 1 Financial Planning – General Advice will need to have completed Generic Knowledge.

Personal Advice

Individuals completing Tier 1 Financial Planning – 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:

• FNSFPL501 Comply with financial planning practice ethical and operational guidelines and regulations
• FNSFPL502 Conduct financial planning analysis and research

Enrolment information

Enrolment

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

To enrol online, please follow these steps:

• In the ‘category’ drop down list select Financial Services – Tier 1
• In the ‘Search by’ drop down list select subject
• If you just click search this will show all Tier 1 subjects and you will be able to enrol into multiple subjects

Or

• You can search for the specific subject you are wishing to enrol into by entering the name of the subject and clicking search.

Delivery

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.

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

Recognition of Prior Learning (RPL)

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 Credit Transfer and Recognition of Prior Learning (RPL) page.

* If you have not previously completed Generic Knowledge, please ensure you enrol into this subject as it is a prerequisite of the Tier 1 knowledge areas.

Pathways

The Tier 1 ASIC RG146 competencies identified on your Statement of Attainment will be recognised towards the Kaplan Financial Planner Level 1 – FNS50615 Diploma of Financial Planning.

CPD

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.

Assessment

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 Professional exam venues

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.

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 does not 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