FPC008 Investment Advice

This subject focuses on the investment advice process in practice. It examines the portfolio theory and portfolio construction techniques.  The subject explains how to evaluate and deliver quality investment advice to retail clients, the importance of researching and proposing investments, and determining reasonable basis for advice.

Students will follow a fictitious case study to apply their understanding of asset classes, investment markets and tax when preparing a limited Statement of Advice.

For more information, please refer to the subject outline.

  • Learning outcomes
    • On successful completion of this subject, individuals should be able to:

      1. Evaluate investment advice processes and frameworks in the delivery of quality investment advice to retail investors
      2. Analyse Efficient Market Hypothesis (EMH) with respect to the empirical evidence for it and its usefulness and applications for the provision of investment advice
      3. Reflect upon the role of portfolio theory and construction techniques in developing investment advice
      4. Critically analyse a client’s investment objectives and constraints
      5. Apply knowledge of asset classes, investment markets and tax in providing expert investment advice
      6. Critically analyse the different investment structures and fund managers available to retail investors
      7. Conduct appropriate quantitative and qualitative research in recommending suitable investment strategies and products
      8. Evaluate the performance of investment advice as it relates to a client’s needs and objectives
  • Subject Content
    • Topic Title
      Topic 1 The investment advice process in practice
      Topic 2 Portfolio theory
      Topic 3 Asset classes and investment markets
      Topic 4 Investment vehicles, platforms and direct investment
      Topic 5 Portfolio construction techniques
      Topic 6 Fund manager styles and strategies
      Topic 7 Fund manager selection
      Topic 8 Tax issues in investment advice
      Topic 9 Evaluate investment advice
      Topic 10 Investment advice frameworks

  • 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
  • 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
    • Whilst there are no prerequisites for this subject, Kaplan assumes that individuals have completed FPC001B Economic and Legal Context for Financial Planning , FPC002B Ethics and Professionalism in Financial Advice, FPC003 Superannuation and Retirement Advice, FPC004 Insurance Advice, FPC005 Estate and Succession Planning, FPC006 Tax and Commercial Law for Financial Planning and FPC007B Client Engagement Skills or understand the content covered in those subjects, prior to undertaking FPC008 Investment Advice.

  • 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.