This subject focuses on the ethical and professional obligations of financial advisers through the broad lens of ethical and professional theoretical frameworks. The professional obligations and conduct imposed by the values and standards of the Financial Planners and Advisers Code of Ethics 2019 (Code of Ethics, previously known as the FASEA Code of Ethics) are explained and examined in detail. Students have the opportunity to recognise and respond appropriately to dilemmas encountered as a financial adviser. Students follow a fictitious case study through much of the assessment, so that they may apply their understanding of the ethical and professional obligations of financial advisers. Students are able to attend four one-hour online workshops, where key topic concepts and examples are discussed with a facilitator. Additionally, students are able to attend five drop-in sessions, where students can ask questions to gain further clarification on key concepts and the assessments. Students are encouraged to attend the online workshops and drop-in sessions throughout the study period. For more information, please refer to the subject outline. Learning Outcomes Subject content CPD Duration Assessment Prerequisites Assumed knowledge Course transition subject equivalence Reading list Recognition of Prior Learning (RPL) Key Dates Fees How to enrol Subject enhancements Learning Outcomes On successful completion of this subject, individuals should be able to: 1. Explain the role of ethical frameworks and professional standards within the financial planning profession. 2. Assess the impacts of cognitive, judgement and decision biases on financial advisers and their clients. 3. Demonstrate an understanding of professional obligations and conduct required by the values and standards of the Financial Planners and Advisers Code of Ethics 2019. 4. Identify and solve ethical dilemmas encountered as a financial adviser through application of ethical frameworks and professional standards. Subject content TopicTitle Topic 1Introduction to ethics, including individual cognitive bias and sources of judgement and decision bias Topic 2The concept of professionalism Topic 3The financial planning profession and the Code of Ethics Topic 4Values underpinning the Code of Ethics Topic 5The application of the Code of Ethics – Ethical behaviour (Standards 1 – 3) Topic 6The application of the Code of Ethics – Client care (Standards 4 – 6) Topic 7The application of the Code of Ethics – Quality process (Standards 7 – 9) Topic 8The application of the Code of Ethics – Professional commitment (Standards 10 – 12) Topic 9Contemporary issues in ethics and professionalism CPD Kaplan Professional has assessed this subject. Click here for the following CPD hours applicable from 1 January 2019 on successful completion of this course. For subjects or courses completed prior to this date, please contact Kaplan Professional’s CPD Support team on 1300 527 526 or pdmail@kaplan.edu.au. Duration The duration of this subject is one study period (12 weeks). Assessment Assessment TypeDescription Week Topics Weighting Analysis TaskResearch and reflection taskWeek 41-320% AssignmentAssignment (case study/scenario based long and short answer questions)Week 81-740% ExaminationSupervised, open book format, multiple-choice questions and case study/scenario based short answer questionsWeek 121-940% Prerequisites There are no prerequisites for this subject. However, individuals should review the ‘Assumed Knowledge’ tab to understand the prior knowledge Kaplan advises they should hold before enrolling in this subject. Assumed knowledge Not applicable. Course transition subject equivalence Individuals may not be required to complete this subject if they have transitioned from a SIA/Finsia/Kaplan course and have completed the following subjects: there are no equivalences for this subject. Reading list There is no prescribed text for this subject. Individuals are provided with key readings and access to Kaplan’s online databases. Individuals are encouraged to research and read widely on the topic. Recognition of Prior Learning (RPL) RPL for the Ethics for Professional Advisers subject may only be awarded if an approved equivalent subject as listed on the FAS Approved Courses by Institute of Higher Education list. Key Dates Next available intake Study Period 6, 2023 important dates Enrolments openNow KapLearn opens (early access)3 October 2023 Early access to assessments16 October 2023 Study period commences30 October 2023 Assessment datesClick here > Enrolments close / Census15 November 2023 Study period ends19 January 2024 For a full list of annual study period dates, click here > Fees Enrolment feesFee Subject fee 2023$2,600 Note: If this subject is undertaken as a standalone subject, no FEE-HELP is available. FEE-HELP is available for individuals undertaking this subject as part of a qualification. Click here to find out if you’re eligible. Click here for a full list of fees and allowances. How to enrol FASEA Bridging Courses can be located under the following category within the enrolment portal: Financial Services – Postgraduate Choose the following under ‘Select Course’: FASEA Bridging Courses You will then be required to select your chosen study period. Once you have completed this, select the ‘Ethics and Professionalism in Financial Advice’ subject. Click here to enrol. Need help? Talk to a Student Adviser on 1300 135 798. Subject enhancements We’re pleased to announce that the following enhancements have been made to this subject: transitioned exam to open book format inclusion of current and contemporary issues impacting financial advice models clarifications to all assessment instructions to improve student experience. 1300 135 798 Ask a question Name* First Last Phone*Please enter in the following format: 614********Email* State*StateACTNSWNTQLDSATASVICWAInternationalWhen would you like to start studying?*When would you like to start studying?Ready nowI'd like to start within 3-6 monthsI'd like to start within 6-12 monthsI'm just gathering information at this stageAsk a question (optional) Consent* I confirm the details entered above are correct and consent to Kaplan Professional using and handling my personal information in accordance with its privacy policy.*EmailThis field is for validation purposes and should be left unchanged. Enrol now
FPC002B Ethics and Professionalism in Financial Advice (aligns to FAS bridging course: Ethics for Professional Advisers)
This subject focuses on the ethical and professional obligations of financial advisers through the broad lens of ethical and professional theoretical frameworks. The professional obligations and conduct imposed by the values and standards of the Financial Planners and Advisers Code of Ethics 2019 (Code of Ethics, previously known as the FASEA Code of Ethics) are explained and examined in detail. Students have the opportunity to recognise and respond appropriately to dilemmas encountered as a financial adviser. Students follow a fictitious case study through much of the assessment, so that they may apply their understanding of the ethical and professional obligations of financial advisers. Students are able to attend four one-hour online workshops, where key topic concepts and examples are discussed with a facilitator. Additionally, students are able to attend five drop-in sessions, where students can ask questions to gain further clarification on key concepts and the assessments. Students are encouraged to attend the online workshops and drop-in sessions throughout the study period. For more information, please refer to the subject outline. Learning Outcomes Subject content CPD Duration Assessment Prerequisites Assumed knowledge Course transition subject equivalence Reading list Recognition of Prior Learning (RPL) Key Dates Fees How to enrol Subject enhancements Learning Outcomes On successful completion of this subject, individuals should be able to: 1. Explain the role of ethical frameworks and professional standards within the financial planning profession. 2. Assess the impacts of cognitive, judgement and decision biases on financial advisers and their clients. 3. Demonstrate an understanding of professional obligations and conduct required by the values and standards of the Financial Planners and Advisers Code of Ethics 2019. 4. Identify and solve ethical dilemmas encountered as a financial adviser through application of ethical frameworks and professional standards. Subject content TopicTitle Topic 1Introduction to ethics, including individual cognitive bias and sources of judgement and decision bias Topic 2The concept of professionalism Topic 3The financial planning profession and the Code of Ethics Topic 4Values underpinning the Code of Ethics Topic 5The application of the Code of Ethics – Ethical behaviour (Standards 1 – 3) Topic 6The application of the Code of Ethics – Client care (Standards 4 – 6) Topic 7The application of the Code of Ethics – Quality process (Standards 7 – 9) Topic 8The application of the Code of Ethics – Professional commitment (Standards 10 – 12) Topic 9Contemporary issues in ethics and professionalism CPD Kaplan Professional has assessed this subject. Click here for the following CPD hours applicable from 1 January 2019 on successful completion of this course. For subjects or courses completed prior to this date, please contact Kaplan Professional’s CPD Support team on 1300 527 526 or pdmail@kaplan.edu.au. Duration The duration of this subject is one study period (12 weeks). Assessment Assessment TypeDescription Week Topics Weighting Analysis TaskResearch and reflection taskWeek 41-320% AssignmentAssignment (case study/scenario based long and short answer questions)Week 81-740% ExaminationSupervised, open book format, multiple-choice questions and case study/scenario based short answer questionsWeek 121-940% Prerequisites There are no prerequisites for this subject. However, individuals should review the ‘Assumed Knowledge’ tab to understand the prior knowledge Kaplan advises they should hold before enrolling in this subject. Assumed knowledge Not applicable. Course transition subject equivalence Individuals may not be required to complete this subject if they have transitioned from a SIA/Finsia/Kaplan course and have completed the following subjects: there are no equivalences for this subject. Reading list There is no prescribed text for this subject. Individuals are provided with key readings and access to Kaplan’s online databases. Individuals are encouraged to research and read widely on the topic. Recognition of Prior Learning (RPL) RPL for the Ethics for Professional Advisers subject may only be awarded if an approved equivalent subject as listed on the FAS Approved Courses by Institute of Higher Education list. Key Dates Next available intake Study Period 6, 2023 important dates Enrolments openNow KapLearn opens (early access)3 October 2023 Early access to assessments16 October 2023 Study period commences30 October 2023 Assessment datesClick here > Enrolments close / Census15 November 2023 Study period ends19 January 2024 For a full list of annual study period dates, click here > Fees Enrolment feesFee Subject fee 2023$2,600 Note: If this subject is undertaken as a standalone subject, no FEE-HELP is available. FEE-HELP is available for individuals undertaking this subject as part of a qualification. Click here to find out if you’re eligible. Click here for a full list of fees and allowances. How to enrol FASEA Bridging Courses can be located under the following category within the enrolment portal: Financial Services – Postgraduate Choose the following under ‘Select Course’: FASEA Bridging Courses You will then be required to select your chosen study period. Once you have completed this, select the ‘Ethics and Professionalism in Financial Advice’ subject. Click here to enrol. Need help? Talk to a Student Adviser on 1300 135 798. Subject enhancements We’re pleased to announce that the following enhancements have been made to this subject: transitioned exam to open book format inclusion of current and contemporary issues impacting financial advice models clarifications to all assessment instructions to improve student experience. 1300 135 798 Ask a question Name* First Last Phone*Please enter in the following format: 614********Email* State*StateACTNSWNTQLDSATASVICWAInternationalWhen would you like to start studying?*When would you like to start studying?Ready nowI'd like to start within 3-6 monthsI'd like to start within 6-12 monthsI'm just gathering information at this stageAsk a question (optional) Consent* I confirm the details entered above are correct and consent to Kaplan Professional using and handling my personal information in accordance with its privacy policy.*EmailThis field is for validation purposes and should be left unchanged. Enrol now