Course Overview

Existing Advisers, are you looking to become ASIC RG146 compliant in Securities and Managed Investments?

Kaplan Professional, a leading national provider of education in financial services offers the Kaplan Professional Tier 1 RG146 Compliance Solution for existing advisers to provide either general advice or personal advice in the margin lending specialist knowledge area.

This subject introduces existing advisers to the concepts of securities and managed investments as they apply to retail clients. Existing advisers 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.

Existing advisers can elect to complete either a general advice or personal advice study option.

Upon successful completion of the general advice option, existing advisers 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, existing advisers will meet the education requirements of ASIC Regulatory Guide 146 (RG146) for providing personal advice in securities and managed investments to retail clients.

Existing advisers have 12 weeks to complete this subject.

Units of competency are only awarded to existing advisers 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 Securities and Managed Investments – General Advice
• Tier 1 Securities and Managed Investments – Personal Advice

Fees

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.

Duration

General Advice:

Existing advisers have a total of:

• 12 weeks to complete the learning and assessment requirements for the Tier 1 Securities and Managed Investments – General Advice subject, from their initial activate date.
• An additional four (4) weeks resubmission time – If an existing adviser 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. There is no fee for this extension.

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

Personal Advice:

Existing advisers have a total of:

• 12 weeks to complete the learning and assessment requirements for the Tier 1 Securities and Managed Investments – Personal Advice subject, from their initial activation date.
• An additional four (4) weeks resubmission time – If an existing adviser 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 existing adviser 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 existing adviser can expect to spend to complete their course work and assessments.

In addition to the amount of training, existing advisers 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.

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

Additional study-related fees apply to formal extensions and re-enrolments. Please refer to the Vocational Education Fees schedule found here.

Please also refer to our Vocational Education and Training (VET) Enrolment Terms and Conditions here or our Student Handbook here for important information on:

• Subject activation and completion timeframes
• Extensions
• Subject re-enrolment

Entry requirements

Education Requirements

From 1 January 2019, FASEA’s new professional standards requirements for financial advisers will progressively replace training standards in Regulatory Guide 146 Licensing: Training of financial product advisers (RG 146). RG 146 sets out the minimum training standards for financial advisers.

RG 146 will continue to apply to financial advisers who are authorised by their Australian financial services (AFS) licensee as an ‘existing provider’ until the new requirements apply to them.

RG 146 will also continue to apply to advisers who are not ‘relevant providers’ – that is, those who only provide general advice, those who provide advice about Tier 2 or less complex financial products and those who only give advice in relation to a time-sharing scheme. ASIC will review and update their guidance for advisers who are not relevant providers.

RG 146 will not apply to new entrants to the industry seeking to become a relevant provider from 1 January 2019. They will need to meet FASEA’s new professional standards requirements.

General Advice:

Existing advisers completing Tier 1 Securities and Managed Investments – General Advice will need to have completed Generic Knowledge.

Personal Advice:

Existing advisers 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 existing advisers do not meet the entry requirements, they are required to complete DFP1 Financial Planning Fundamentals.

The pre-requisite units are as follows:

• FNSINC501          Conduct product research to support recommendations
• FNSIAD501          Provide appropriate services, advice and products to clients
• FNSCUS505         Determine client requirements and expectations
• FNSCUS506         Record and implement client instructions

Individuals are required to be aged 18 years or older to enrol in this course.

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.

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• 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.

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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.

• Apple iOS
• Apple (mac OS)
• Samsung (Android)
• HTC (Android)
• Windows 10

Skills Requirement

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

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:

1. In the ‘category’ drop down list select Financial Services – Tier 1
2. In the ‘Search by’ drop down list select subject
3. 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.

* 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.

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.

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. 

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’s assignments

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.

Kaplan’s exams

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.

Pathways

Pathways

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

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