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FPC002 Applied Financial Planning

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.

For more information, please refer to the subject outline.

  • Learning outcomes
    • At the completion of this subject students should be able to:

      1. Apply techniques to establish and develop client relationships.
      2. Compare the key features and risks of each asset class and the products within that asset class.
      3. Analyse various types of managed investments and administrative structures.
      4. Conduct appropriate quantitative and qualitative research as part of the financial planning process.
      5. Assess clients’ goals and financial position to form the basis of advice.
      6. Design a suitable asset allocation and investment strategy for a client.
      7. Present recommendations of suitable products and strategies that you have developed.
      8. Apply the financial planning process to ensure clients’ objectives and needs are met.
  • Subject content
    • Topic Title
      Topic 1 The financial planning process
      Topic 2 Asset classes
      Topic 3 Debt and equity securities
      Topic 4 Managed investments
      Topic 5 Investment risk
      Topic 6 Taxation basics
      Topic 7 Superannuation, insurance and estate planning
      Topic 8 Client interview and communication skills
      Topic 9 Understanding the client
      Topic 10 Analysis of current situation
      Topic 11 Investment strategy development and portfolio development
      Topic 12 Advice implementation and ongoing reviews
  • Face-to-face lectures and workshops
    • Prefer to attend face-to-face classes?

      Take advantage of the benefits of blended learning by attending weekly face-to-face lectures or a series of three intensive workshops.*

       

      Weekly lectures

      A series of lectures will be conducted over the study period for subjects FPC001 Economic, Legal and Ethical Context for Financial PlanningFPC002 Applied Financial PlanningFPC003 Superannuation and Retirement Advice and FPC004 Insurance Advice. Face-to-face lectures will be progressively rolled out for further subjects throughout 2018. Each two-hour lecture will focus on specific topics, giving you the flexibility to pick and choose which lectures to attend. Weekly lectures will be held at a central Sydney CBD location and will also be live streamed online via webinar if you are located in another city or unable to attend in person. Recorded versions of each webinar will also be made available.

       

      Intensive workshops

      A series of three intensive workshops will be offered throughout the study period for subjects FPC001 Economic, Legal and Ethical Context for Financial PlanningFPC002 Applied Financial PlanningFPC003 Superannuation and Retirement Advice and FPC004 Insurance Advice. Intensive workshops will be progressively rolled out for further subjects throughout 2018. Each full-day workshop will be offered from central Sydney, Melbourne and Brisbane CBD locations and will cover multiple topics.

       

      Lectures and workshops are hosted by a leading industry practitioner and will complement online study materials by focusing on key concepts using practical examples. Not only will this provide you with practical application of theory and knowledge, you’ll also have the opportunity to interact with other individuals in your cohort to discuss current and topical affairs.

       

      Expect to benefit from:

      • A practical understating of each topic  
      • Clarification on any challenges you may be having with a particular topic  
      • Asking questions about upcoming exams and assignments

      You can register for lectures or intensive workshops at no additional charge, once successfully enrolled in subjects FPC001 Economic, Legal and Ethical Context for Financial PlanningFPC002 Applied Financial PlanningFPC003 Superannuation and Retirement Advice or FPC004 Insurance Advice.

       

      * Face-to-face lectures and workshops are offered for subjects FPC001, FPC002, FPC003 and FPC004 only. Weekly face-to-face lectures are offered in Sydney CBD only. Lectures and workshops are offered for Study Period 3 2018 and are subject to change for the remainder of 2018. Attendance is not compulsory.

  • Assessment
  • Prerequisites
  • Course transition subject equivalence
    • Students who transition from a SIA/Finsia/Kaplan course and have completed the following subjects within the course completion time frame may not also complete this subject:

      • FIN211 Financial Planning Fundamentals or
      • 155 Financial Planning Fundamentals

      plus

      • FIN212 Investment Advice or
      • 156 Investment Products
  • Reading list
    • Prescribed text

      There are no prescribed texts for this subject.

      Details of any required and further readings for this subject are provided in the subject room. Purchase of any text is not required from SP2 2018.