Course Name |  | FNS50804 Diploma of Financial Services (Financial Planning) |
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Course Information | | The Diploma of Financial Services (Financial Planning) can be obtained by completing each of the Regulatory Guide 146 - RG 146 training courses below.
1. The Financial Planning Process - The first course sets the foundation by teaching you the financial planning process, which will be reinforced in each of the subsequent RG146 Training Courses.
2. Life Insurance - The second course will allow you to provide personal advice to clients on suitable Life, Total and Permanent Disability, Income Protection, Business Expenses and Trauma/Critical Illness Insurance.
3. Superannuation - The third course enables you to provide personal advice on personal and business superannuation, retirement income stream products, pensions, roll-overs and annuities.
4. Managed Investments and Securities - Successful completion of the final course will allow you to provide personal advice on property ownership structures, listed property trusts, managed investments schemes, shares and fixed interest products.
The course is offered via a facilitiated workshop with a maximum class size of 12.
Participants completing this program will receive a nationally recognised Statement of Attainment and a Diploma which contains the requisite ASIC advisory units. |
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Competencies Covered | | FNSASIC503TB, FNSASIC503UB, FNSASIC503WB, FNSASIC503XB, FNSASIC503ZB, FNSFPLN501B, FNSFPLN502B, FNSFPLN503B, FNSFPLN504B, FNSFPLN505B, FNSFPLN506B, FNSFPLN507B, FNSICPRO502B, FNSICADV501B, FNSICADV502B, FNSICCUS506B, FNSICCUS507B, FNSCOMP501B, FNSFMKT502B, FNSFMKT503B |
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Award Given at Completion | | FNS50804 Diploma of Financial Services (Financial Planning) |
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Specialist Knowledge | | Financial Planning, Securities, Managed Investments, Superannuation, Life Insurance, Generic Knowledge, Skills |
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Tier | | 1 |
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Where Course Delivered | | Sydney, Melbourne |
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Delivery Method | | Face-to-face |
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Assessment Type | | Case study, Work place observation, Class attendance, Other - Role Plays, Assessment Tasks and Oral Questioning |
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Start Date | | 1/4/2005 |
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Re-registration Date | | 13/11/2008 |
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Duration/Total Hours | | 124 |
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Approximate Cost | | $4,000.00 |
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Pre95 | | No |
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This course is currently being offered |
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| COORDINATOR DETAILS | | |
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Name | | Scott Donnelly |
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Phone Number | | 03 9419 3400 |
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Fax Number | | 03 9419 3466 |
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Email Address | | sdonnelly@tmaus.net.au |
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| COVERAGE GRAPH | | |
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| TOPICS COVERAGE | | |
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The Financial Planning Process
Part A : Code of Ethics - Legislation, Personal Insurance products, General Insurance, Trade Practices Act, Life Act and Insurance Act, Privacy Act, Consumer Credit Code, Contracts Law, Trust Law, Consumer Affairs Acts.
Part B: Role of the financial planner - Integrity, Ensuring compliance of personal conduct with regulatory and organisational requirements, Ensuring compliance of the financial planning process with regulatory and organisational requirements, ‘Know your client’ rule,
‘Know the product’ rule, Financial Services Guide, Fact Finder, Statement of Advice, Product Disclosure Statement, Ongoing training, Complaints and dispute resolution , The Seven Steps of Providing Financial Planning Advice, The economic environment, Operation of financial markets, Investment vehicles, Taxation, Social security payments, Estate planning, Developing a Preliminary Financial Plan.
Life Insurance
Introduction to “RISK” insurance, Understanding risk insurance, Types of Cover, Types of Statement of Advice (SOA), Minimum Information Required, Separate Legal Entity, Traditional Insurance Products
Superannuation
1. Understanding Superannuation - Introduction to Superannuation, Sole Purpose Test.
2. Superannuation and Financial Planning Advice - The Advisor’s Role, Identify clients objectives, needs and financial situation, Analyse client needs, situation and risk profile.
3. Develop appropriate strategies and solutions - Specialist knowledge required for providing superannuation advice, Main types of superannuation funds, Advice by accountants and other professionals, Features of superannuation, Contributions to superannuation, Acceptance of contribution rules, Tax treatment of contributions, Preservation Rules, Taxation and the superannuation environment, Taxation of superannuation benefits, Superannuation law (SIS Act), Self managed Superannuation Funds - Taxation Issues, Compliance and administration issues.
4. Present appropriate strategies and solutions to the client
Managed Investments & Securities
Understanding Managed Investments and Securities, Types of managed investment products, Investment risk factors, The Economic Environment - Financial Markets, Taxation, Capital Gains Tax, Constructing a Portfolio of Managed Funds.
Required pre-reading component
Participants are required to complete supplied reading material prior to commencement of the course.
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| PROVIDER DETAILS | | |
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Provider | | Traineeship Management Australia Pty Ltd |
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Contact | | Managing Director, Scott Donnelly |
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Phone Number | | 03 9419 3400 |
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Fax Number | | 03 9419 3466 |
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Email Address | | SDonnelly@tmaus.net.au |
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