CASE STUDIES IN FINANCIAL PLANNING
FIN3CFP
2017
Credit points: 15
Subject outline
In this subject you will gain 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 you 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 Introduction to Financial Planning, Taxation and Principles of Retirement and Estate Planning to practical problems presented via a case study methodology. You 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 you 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:
- Inquiry and Analytical Skills(Critical Thinking,Inquiry/Research)
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:
- Personal and Professional Skills(Teamwork including leadership and working in groups)
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(Quantitative 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:
- Personal and Professional Skills(Teamwork including leadership and working in groups)
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:
- 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:
- Inquiry and Analytical Skills(Critical Thinking,Inquiry/Research)
Melbourne, 2017, 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 per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| 15-minute presentation of a financial plan, equivalent to 1,500 words per student. | Summative assessment task. | 25 | 02, 04 |
| Two group-based analytical case-studies, equivalent to 1,000 words per student. | Summative assessment task. | 50 | 02 |
| One 1,000-word individual analytical case study | Summative assessment task. This assessment will report on the Graduate Capabilities of Critical Thinking, Inquiry/Research, Quantitative Literacy, and Discipline Specific Knowledge and skills. | 25 | 01, 03, 05, 06 |