CASE STUDIES IN FINANCIAL PLANNING

FIN3CFP

2019

Credit points: 15

Subject outline

In this subject you will gain an insight into the type of tasks you 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 those who intend to pursue a career in the financial services or financial planning industry.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorGreg Jamieson

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. Outline and apply the legal and regulatory requirements applying to the financial planning process and the 6-step financial planning process, in accordance with Financial Planning Standards Board FPSB standards and ethical practice.

Activities:
Classroom teaching and discussions
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

02. Analyse and critically evaluate an advanced set of client circumstances as they apply to satisfying the needs, risk profile and goals 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,Creative Problem-solving,Inquiry/Research)

03. Research, model, evaluate and apply a range of advanced financial planning strategies appropriate for different economic circumstances and individual client needs, risk profiles and goals in an ethical and professional manner.

Activities:
Case studies that progressively develop student's skills, knowledge and understanding
Related graduate capabilities and elements:
Literacies and Communication Skills (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, risk profile, goals of a client and in building client relationships according to industry standards.

Activities:
Role plays and student presentations to develop interview and presentation techniques
Related graduate capabilities and elements:
Literacies and Communication Skills (Speaking,Quantitative Literacy)

05. Develop and facilitate teamwork skills as they relate to developing financial, superannuation, retirement and estate planning, recommendations and strategies according to industry standards.

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)

06. Construct and present a compliance Statement of Advice, detailing and explaining appropriate financial, superannuation, retirement and estate planning strategies according to industry standards.

Activities:
Case studies that progressively develop student's skills, knowledge and understanding
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

Subject options

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Start date between: and    Key dates

Melbourne, 2019, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorGreg Jamieson

Class requirements

Lecture/Seminar Week: 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 elementComments% ILO*
Group Case Study Report 1, and PresentationEquivalent to 500 words per student plus 3-minutes per student presentation.30 02, 03, 04, 05
Individual 2,000 word Statement of AdviceThis assessment task reports on the Graduate Capabilities of Inquiry/Research and Discipline Specific Knowledge and Skills.30 02, 03, 04, 06
Individual 1,000 word Case Study Report 2, and spreadsheet modelThe task involves both written and spreadsheet modelling elements. This assessment task reports on the Graduate Capability of Quantitative Literacy.30 01, 02, 03, 06
Individual 500 word essay on ethics and professional practice in providing financial adviceThis assessment task reports on the Graduate Capability of Critical Thinking.10 01, 03