finance_courses

Financial Planner Level 1 (Diploma)

FNS50615

  • RG146 compliance – qualifies you to work as a Financial Planner
  • Delivered by Kaplan Professional, the leading education provider for the financial services industry
  • Self-paced – you can get a Financial Planner Level 1 (Diploma) (FNS50615) in as little as 12 weeks (maximum time to complete is 2 years)

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At a glance

Study mode

laptop
Online

Provider

Kaplan Professional – Financial Courses (RTO 90116)
Career Opportunities
Recognition

Nationally recognised - meets Australian Qualifications Framework standards.
Meets requirements to achieve RG146 compliance in Financial Planning, Superannuation and Life Insurance.

Prerequisites

None

Location

Online

Course length
Self-paced. Typically 60-120 hrs per subject. | Maximum time for course completion: 2 years
Study mode

Online


Online

Study from anywhere, when it suits you best and graduate with the identical qualification as an on-campus student.

Blended

Study part of the course online. Combine your online learning with classes or practical sessions on-campus at a college or university.

In-class

Attend classes on-campus at a university, TAFE or college and interact face-to-face with teachers and fellow students.

Assessment
Assignments & exams
Start date

Start anytime.

Provider
Kaplan Professional – Financial Courses (RTO 90116)

Get the best possible start to a career in finance through Kaplan Professional, the preferred education partner of the Financial Services Institute of Australia (FINSIA).

With flexible start dates and study methods, Kaplan allows you start your course at a time that suits you so you can study as little or as much as you like.

Kaplan Education Pty Ltd (RTO 90116) trading as Kaplan Professional

Price

The course price can vary depending on a few factors, including whether you are an Australian resident or your chosen payment option. To find out more, contact the course provider.

What you'll learn

As a graduate of this course, you'll have the fundamental knowledge required to work in the financial services industry. You'll also be able to:

  • Design recommendations on insurance policies
  • Strategically plan superannuation and retirement
  • Design recommendations on the most common investment products

In addition, you'll attain RG146 accreditation in:

  • Generic knowledge
  • Financial planning
  • Insurance (general and life)
  • Superannuation
  • Securities
  • Managed investments

Course structure

4 units

Units

  1. DFP1 - Financial planning fundamentals


    Financial Planning Fundamentals (DFP1) is the first of three core units in the (FNS50615) Diploma of Financial Planning.

    Financial Planning Fundamentals introduces students to the participants, products, markets and regulatory environment for the financial services industry in Australia. This unit provides students with the opportunity to develop the professional skills and knowledge to provide financial planning advice following a step–by–step process as defined by the Financial Planning Association of Australia (FPA).

    Financial Planning Fundamentals provides the generic knowledge component for Tier 1 training and assessment requirements for individuals who provide personal financial advice to retail clients. At the successful completion of Financial Planning Fundamentals (DFP1), Insurance and Risk Protection (DFP2), and Superannuation and Retirement Planning (DFP3), the (FNS50615) Diploma of Financial Planning will be awarded.

    Units of competency:
    FNSFPL501 - Comply with financial planning practice ethical and operational guidelines and regulations
    FNSFPL502 - Conduct financial planning analysis and research
    FNSFPL506 - Determine client financial requirements and expectations
    FNSINC401 - Apply principles of professional practice to work in the financial services industry
    BSBITU402 - Develop and use complex spreadsheets
    FNSASIC301 - Establish client relationship and analyse needs
    FNSASIC302 - Develop, present and negotiate client solutions
    FNSIAD301 - Provide general advice on financial products and services

  2. DFP2 - Insurance & risk protection


    Insurance and Risk Protection (DFP2) is the second of three core units in the (FNS50615) Diploma of Financial Planning.

    This unit introduces students to the concepts of personal risk management as they apply to retail clients and considers the participants, products and regulation within the insurance industry. The principles underpinning policy documentation, underwriting, risk appraisal and pricing are also covered, as are approaches to designing client recommendations using insurance products.

    Upon successful completion of the unit, students will meet the education requirements of ASIC Regulatory Guide 146 (RG 146) for providing personal advice in Life Insurance.

    At the successful completion of Financial Planning Fundamentals (DFP1), Insurance and Risk Protection (DFP2), and Superannuation and Retirement Planning (DFP3), the (FNS50615) Diploma of Financial Planning will be awarded.

    Units of competency:
    FNSASICX503 Provide advice in life insurance
    FNSIAD501 - Provide appropriate services, advice and products to clients
    FNSINC501 - Conduct product research to support recommendations
    FNSCUS505 - Determine client requirements and expectations
    FNSCUS506 - Record and implement client instructions
    FNSASIC305 - Provide Tier 2 personal advice in general insurance

  3. DFP3 - Superannuation & retirement planning


    Superannuation and Retirement Planning (DFP3) is the third of three core units in the (FNS50615) Diploma of Financial Planning. Superannuation is an important savings tool for retirement and one that receives support through government incentives and concessional tax treatment. In this unit students will be exposed to the characteristics of the superannuation industry in Australia and superannuation as a means of funding retirement.

    The legislation and regulation governing superannuation will be covered, as will fund design and the taxation of funds. Consideration will be given to the payment and income stream options available on retirement and to taxation and social security issues.

    Upon successful completion of the unit, students will meet the education requirements of ASIC Regulatory Guide 146 (RG 146) for providing personal advice in superannuation and financial planning. At the successful completion of Financial Planning Fundamentals (DFP1), Insurance and Risk Protection (DFP2), and Superannuation and Retirement Planning (DFP3), the (FNS50615) Diploma of Financial Planning will be awarded.

    Units of competency:
    FNSASICU503 - Provide advice in superannuation
    FNSASICZ503 - Provide advice in financial planning
    FNSFPL503 - Develop and prepare financial plan
    FNSFPL504 - Implement financial plan
    FNSFPL505 - Review financial plans and provide ongoing service

  4. DFP4 - Securities & managed investments


    Securities and Managed Investments (DFP4) provides students with the opportunity to develop the specialist technical knowledge and adviser skills required to provide personal advice to retail clients under RG 146 for these two knowledge areas.

    Students will learn the purpose of investing – the return and risk undertaken in making investments as well as the relationship between the two concepts. The unit explores diversification, its effect on risk and return and other key elements of portfolio construction. Upon successful completion of the unit, students will meet the education requirements of ASIC Regulatory Guide 146 (RG 146) to ‘Provide advice in managed investments’ and ‘Provide advice in securities’ to retail clients.

    Units of competency:
    FNSASICW503 - Provide advice in securities
    FNSASICT503 - Provide advice in managed Investments
    FNSFMK502 - Analyse financial market products for client
    FNSFMK503 - Advise clients on financial risk
    FNSCUS505 - Determine client requirements and expectations
    FNSCUS506 - Record and implement client instructions
    FNSIAD501 - Provide appropriate services, advice and products to clients
    FNSINC501 - Conduct product research to support recommendations

Support and delivery

Compliance and a career advantage

The Financial Planner Level 1 (Diploma) (FNS50615) meets the requirements of the Australian Securities and Investments Commission (ASIC) and is recognised throughout Australia.

With this diploma, you'll be qualified to provide financial planning advice in accordance with ASIC's Regulatory Guide 146 (RG146).

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