CASE STUDIES IN FINANCIAL PLANNING

FIN3CFP

2015

Credit points: 15

Subject outline

This subject is designed to give students an insight into the type of tasks they are likely to undertake as a professional within the financial planning industry. The subject will have a strong practical focus and students will be exposed to a range of the more common strategies used in the workplace. As well as covering off on the core knowledge expectations, there will be an emphasis on developing skills in analysis and critical thinking as well as in the interpersonal skills required to appropriately deal with and satisfy the needs of a client. This subject is focused on extending and applying the knowledge and skills introduced in other related subjects such as Financial Planning, Taxation and Retirement and Estate Planning to practical problems presented via a case study methodology. Students will also cover the legislative and ethical considerations in compiling a financial plan or Statement of Advice (SOA). The subject#s primary focus is on developing a strong foundation in financial planning for students who intend to pursue a career in the financial services or financial planning industry. However, the subject will also be of value for any student wanting to gain a better understanding and appreciation of financial literacy and planning concepts.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorMarc Olynyk

Available to Study Abroad StudentsYes

Subject year levelYear Level 3 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites FIN2FPL or FIN2IFP

Co-requisites FIN3REP or FIN3PRE

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsAustralian Master Financial Planning Guide - latest editionPrescribedCCH AustraliaCCH AUSTRALIA LTD

Graduate capabilities & intended learning outcomes

01. analyse and critically evaluate a comprehensive set of client circumstances as it applies to satisfying the needs and objectives of a client

Activities:
case studies that progressively develop student's skills, knowledge and understanding
Related graduate capabilities and elements:
Critical Thinking (Critical Thinking)
Inquiry/ Research (Inquiry/ Research)
Ethical Awareness (Ethical Awareness)

02. develop and facilitate teamwork skills as it relates to developing appropriate recommendations and strategies

Activities:
Student self-assessment and peer review of team contribution and performance
Related graduate capabilities and elements:
Teamwork (Teamwork)

03. develop and write a financial plan detailing and explaining appropriate strategies according to industry standards

Activities:
case studies that progressively develop student's skills, knowledge and understanding
Related graduate capabilities and elements:
Writing (Writing)
Creative Problem-solving (Creative Problem-solving)
Information Literacy (Information Literacy)

04. develop interview and questioning techniques and communication skills to assist in ascertaining needs and objectives of a client and in building client relationships

Activities:
role plays and student presentations to develop interview and presentation techniques
Related graduate capabilities and elements:
Speaking (Speaking)
Teamwork (Teamwork)
Ethical Awareness (Ethical Awareness)

05. examine and apply a range of advanced financial planning strategies appropriate to the needs and objectives of a client

Activities:
case studies that progressively develop student's skills, knowledge and understanding
Related graduate capabilities and elements:
Critical Thinking (Critical Thinking)
Creative Problem-solving (Creative Problem-solving)
Inquiry/ Research (Inquiry/ Research)
Information Literacy (Information Literacy)
Ethical Awareness (Ethical Awareness)

06. outline legislative requirements applying to the financial planning process as it applies to the provision of advice to retail clients

Activities:
classroom teaching and discussions
Related graduate capabilities and elements:
Inquiry/ Research (Inquiry/ Research)
Writing (Writing)

Subject options

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Start date between: and    Key dates

Melbourne, 2015, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMarc Olynyk

Class requirements

Lecture/Seminar Week: 31 - 43
One 3.0 hours lecture/seminar other recurrence on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
presentation of a financial plan25 01, 02, 04, 05, 06
three 1,500-word analytical case-studies75 01, 02, 03, 05, 06