fin3cfp case studis in financl plannin
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
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. 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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Melbourne, 2019, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorGreg Jamieson
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* |
|---|---|---|---|
| Group Case Study Report 1, and Presentation | Equivalent to 500 words per student plus 3-minutes per student presentation. | 30 | 02, 03, 04, 05 |
| Individual 2,000 word Statement of Advice | This 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 model | The 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 advice | This assessment task reports on the Graduate Capability of Critical Thinking. | 10 | 01, 03 |