This subject focuses on the realities faced by a financial adviser working in the Australian advice industry. Topics 1–8 will provide the foundation necessary for giving advice. Topics 9–12 build upon this basic knowledge and show its practical application in advice giving.
Comprehensive coverage of the main asset classes and managed investments includes how these investment products are used in financial planning.
The subject also covers basic practical and personal skills necessary to establish and maintain client relationships and examines the advice process in depth, including how to develop and implement a portfolio to suit a client’s investment objectives in light of risk–return trade-offs, other considerations such as tax issues and the legal and administrative frameworks supporting the industry and its products and services.
Also included are a series of case studies and applications to help demonstrate the planning and development of investment strategies and client portfolios in line with a client’s stated objectives.
An understanding of the economic, legal and ethical contexts of financial planning is recommended knowledge for this subject. It is therefore recommended that students complete Economic, Legal and Ethical context for Financial Planning (FPC001) prior to undertaking this subject.
Note: A basic understanding of financial mathematics is assumed knowledge for this subject. Students may wish to familiarise themselves with some basic concepts outlined in the resource below before commencing the subject.