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Subject overview


100% online




1 Jul 2024


12 weeks



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.

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Subject information

Learning Outcomes

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

  • Evaluate investment advice processes and frameworks in the delivery of quality investment advice to retail investors.
  • Analyse Efficient Market Hypothesis (EMH) with respect to the empirical evidence for it and its usefulness and applications for the provision of investment advice.
  • Critically analyse a client’s investment objectives and constraints.
  • Apply knowledge of asset classes, investment markets and tax in providing expert investment advice.
  • Critically analyse the different investment structures and fund managers available to retail investors.
  • Conduct appropriate quantitative and qualitative research in recommending suitable investment strategies and products.
  • Evaluate the performance of investment advice as it relates to a client’s needs and objectives.


Topics covered

  1. The investment advice process in practice
  2. Portfolio theory
  3. Asset classes and investment markets
  4. Investment vehicles, platforms and direct investment
  5. Portfolio construction techniques
  6. Fund manager styles and strategies
  7. Fund manager selection
  8. Tax issues in investment advice
  9. Evaluate investment advice


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

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


Assessment TypeAssessedWeighting
Assignment 1Week 420%
Assignment 2Week 835%
Assignment 3Week 1245%

Previous study requirements

Assumed knowledge

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.

Programs you might be interested in


Master of Financial Planning

Our online, FAS-approved Master of Financial Planning is a purpose-built higher education qualification set at AQF level 9. It’s designed and developed in consultation with industry experts, and combines advanced technical rigour with practical and relevant performance-focused learning outcomes.

Master of Applied Finance

Leading online degree designed for ambitious and savvy individuals who are looking for advanced academic rigour, but thrive on practical and real-world learning immediately applicable in the workplace, and directly relevant to future career roles. It caters to experienced finance professionals and those transitioning into the field, integrating learning outcomes with pathways for further accreditation such as a CFA®.

Graduate Diploma of Financial Planning

An eight-subject postgraduate qualification set at AQF Level 8 and FAS approved. Includes the first eight subjects of the FAS-approved Master of Financial Planning.

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