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Subject overview


STUDY MODE

100% online

AQF LEVEL

8

NEXT INTAKE

4 Mar 2024

SUBJECT DURATION

12 weeks

SUBJECT FEE

$2,600.00


This subject focuses on behavioural finance concepts to understand different types of behavioural biases that may impact an individual’s financial decision-making. It examines portfolio and prospect theories and the application of behavioural finance to the outcomes of client engagements. It explains how emotional intelligence and critical thinking can assist a financial adviser to understand their client’s decisions.

Students can apply their understanding of the above key concepts by critically evaluating their own emotional intelligence strengths and weakness. They can also evaluate personal communication styles to support client relationships.

For more information, please refer to the subject outline here.

Subject information

Learning outcomes

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

  • Critically evaluate the explanations of market and investor behaviour according to Portfolio and Prospect theories
  • Extend the insights of behavioural finance to understand the nature of client relationships in the context of financial planning
  • Compare and contrast the effects of emotionally intelligent behaviours and critical thinking behaviours on the outcomes of client engagements in a financial services company or licensee
  • Critically examine the authenticity of communications from a financial adviser to a client with feedback from an assessment of communication styles
  • Evaluate a range of heuristics, biases and decision errors made by financial advisers and clients in a context of financial services
  • Build a professional development plan based on results and feedback from various sources

Topics covered

  1. Introduction to behavioural finance
  2. Decision making and behavioural bias
  3. Critical thinking and decision-making
  4. Emotional intelligence
  5. Trustworthiness and authenticity
  6. Communication styles
  7. Consumer decisions to seek financial advice
  8. Consumer behaviour and marketing decisions

Continuing Professional Development (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).

Reading list

There is no prescribed text for this subject.

Individuals are provided with key readings and access to Kaplan Professional’s online databases. Individuals are encouraged to research and read widely on the topic.

Reading list

Assessments

Assessment typeAssessedWeighting
TaskWeek 420%
Assignment 1Week 840%
Assignment 2Week 1240%

Previous study requirements

Recognition of prior learning (RPL)

RPL for the Behavioural Finance subject may be awarded if your completed prior studies are listed on the FAS Approved Courses by Institute of Higher Education list and are deemed equivalent to this subject. RPL may also be awarded based on prior post graduate studies in accordance with the Kaplan Professional Recognition of Prior Learning Policy.

Prerequisites

There are no prerequisites for this subject.

However, individuals should review the ‘Assumed knowledge’ section to understand the prior knowledge Kaplan Professional advises they should hold before enrolling in this subject.

Assumed knowledge

While there are no prerequisites for this subject, Kaplan Professional 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 and FPC004 Insurance Advice, or understand the content covered in those subjects, prior to undertaking FPC007B Client Engagement Skills.

Course transition subject equivalence

There are no equivalences for this subject.

Key dates

For a full list of annual study period dates, click here >

Study Period 1

11 Dec 2023 - 29 Mar 2024

❌ Enrolments now closed

Early access opens 11 December 2023

Early access to assessments 21 December 2023

Study period commences 8 January 2024

Enrolments close/census 24 January 2024

Study period ends 29 March 2024

Assessment dates See assessment timetable

Study Period 2

5 Feb 2024 - 24 May 2024

✓ Enrolments open now

Early access opens 5 February 2024

Early access to assessments 19 February 2024

Study period commences 4 March 2024

Enrolments close/census 20 March 2024

Study period ends 24 May 2024

Assessment dates See assessment timetable

Study Period 3

1 Apr 2024 - 19 Jul 2024

✓ Enrolments open now

Early access opens 1 April 2024

Early access to assessments 15 April 2024

Study period commences 29 April 2024

Enrolments close/census 15 May 2024

Study period ends 19 July 2024

Assessment dates See assessment timetable

Study Period 4

3 Jun 2024 - 20 Sep 2024

✓ Enrolments open now

Early access opens 3 June 2024

Early access to assessments 17 June 2024

Study period commences 1 July 2024

Enrolments close/census 17 July 2024

Study period ends 20 September 2024

Assessment dates See assessment timetable

Study Period 5

29 Jul 2024 - 15 Nov 2024

✓ Enrolments open now

Early access opens 29 July 2024

Early access to assessments 12 August 2024

Study period commences 26 August 2024

Enrolments close/census 11 September 2024

Study period ends 15 November 2024

Assessment dates See assessment timetable

Study Period 6

30 Sep 2024 - 17 Jan 2025

✓ Enrolments open now

Early access opens 30 September 2024

Early access to assessments 14 October 2024

Study period commences 28 October 2024

Enrolments close/census 13 November 2024

Study period ends 17 January 2025

Assessment dates See assessment timetable

Fees and FEE-HELP

Enrolment feesFee
Subject fee 2024$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.

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