CASE STUDIES IN FINANCIAL PLANNING

FIN3CFP

2016

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 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.

School: La Trobe Business School

Credit points: 15

Subject Co-ordinator: Darren Henry

Available to Study Abroad Students: Yes

Subject year level: Year Level 3 - UG

Exchange Students: Yes

Subject particulars

Subject rules

Prerequisites: FIN2FPL or FIN2IFP

Co-requisites: FIN3REP or FIN3PRE

Incompatible subjects: N/A

Equivalent subjects: N/A

Special conditions: N/A

Learning resources

Readings

Resource Type	Title	Resource Requirement	Author and Year	Publisher
Readings	Australian Master Financial Planning Guide - latest edition	Prescribed	CCH Australia	CCH 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:: Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy); Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research); Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research); Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour); Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)

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:: Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy); Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour); Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)

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:: Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy); Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy); Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research); Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)

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:: Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy); Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy); Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour); Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour); Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)

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:: Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy); Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research); Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research); Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research); Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour); Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)

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:: Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy); Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy); Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research); Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)

Melbourne, 2016, Semester 2, Day

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Enrolment information:

Subject Instance Co-ordinator: Darren Henry

Class requirements

Lecture/SeminarWeek: 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 element	Comments	%	ILO*
presentation of a financial plan		25	01, 02, 04, 05, 06
three 1,500-word analytical case-studies		75	01, 02, 03, 05, 06