FNS50615 Diploma of Financial Planning & SMSF

Mentor Education

Course

Online

£ 2001-3000

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Description

  • Type

    Course

  • Level

    Intermediate

  • Methodology

    Online

  • Class hours

    1200h

  • Duration

    12 Months

  • Start date

    Different dates available

  • Online campus

    Yes

  • Delivery of study materials

    Yes

  • Support service

    Yes

  • Virtual classes

    Yes

This course combines Mentor Education's nationally recognised FNS50615 Diploma of Financial Planning with our SMSF Adviser short course to create a comprehensive RG146 solution for accountants.

The course is specifically designed for, and oriented towards, recognised practicing public practice accountants - taking into account your breadth of existing financial knowledge and acumen - rather than take you through the basics from the beginning.

With the removal of the accountant's exemption (being Regulation 7.1.29A of the Corporations Regulations 2001) on 1 July 2016, accountants must meet Regulatory Guideline 146 (RG 146) to continue to give advice in relation to financial services and products.

Beyond being purely an educational program, you will also take away practical tools to help you implement financial planning as a revenue stream within your accounting practice, should you so desire.

Designed in conjunction with major financial institutions, it gives credit for your accounting qualification, only assessing gaps in your knowledge and bundling assignments to minimise study and class time.

Facilities

Location

Start date

Online

Start date

Different dates availableEnrolment now open

About this course

The aim of the course is meet requirements and to enable you to build broader and deeper client relationships based on being the trusted adviser across all of your clients' financial needs.

This course proves access to the ideal environment to undertake specialty studies and advanced practice to help you take your business to the next level. Upon successful completion, you will be equipped to provide compliant financial advice to meet the objectives of retail clients in the areas of:

Life Insurance;
Superannuation;
Self-Managed Super Funds (SMSF);
Investments;

Accountants seeking to:

Qualify to provide advice in the above financial products to their clients.
Diversify their client services and revenue opportunities by starting their own financial planning division or entering into a referral arrangement and/or joint venture with a financial planner.
Meet RG146 regulatory education requirement.
Be recognised for current knowledge by undertaking a gap assessment and only study in the areas where they have a gap in knowledge.
Study time efficiently and minimise time away from the office.
Earn CPD points.
Financial Planning legislation changes - New Education Standards
FASEA has indicated that the education requirements for new entrants and existing advisers still require clarification. A process of consultation seeking stakeholder views is currently in process and will run until 29 June 2018.

This course is only available to accountants.

This course comprises seven subjects which must be undertaken in strict sequence, starting with Generic Knowledge and Financial Advice.

Recognition of prior learning is available.

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Subjects

  • Taxation
  • Financial Planning
  • Financial Services
  • Market
  • Accountants
  • Insurance
  • Industry
  • Planning
  • Financial Training
  • Financial
  • Regulations
  • Life Insurance

Course programme

Financial Advice

Australian Industry Essentials and Fundamentals of Financial Advice must be the first subject completed before any of the specialist knowledge subject(s).

Australian Industry Essentials
  • Part 1 The Australian Economy
  • Part 2 Australian Financial Markets
  • Part 3 Investment Funds
  • Part 4 Regulatory Environment
  • Part 5 Corporations Act
  • Part 6 Licensees and their Representatives
  • Part 7 Ethics in Practice
Financial Advice Fundamentals
  • Part 1 Personal Taxation
  • Part 2 Social Security
  • Part 3 Wealth Creation Fundamentals
  • Part 4 Estate Planning Fundamentals
  • Part 5 Establishing Client Relationship
  • Part 6 Identify Client Objectives & Financial Situation
  • Part 7 Analyse Client Objectives & Financial Situation
  • Part 8 Develop Strategies & Solutions
  • Part 9 Present Strategies & Solutions
  • Part 10 Implement Agreed Plan
  • Part 11 Provide On-going Advice
Life Insurance Advice

Core Area
  • Part 1 Understanding Insurance
  • Part 2 Operation of Insurance Markets
  • Part 3 General Insurance
  • Part 4 Personal Insurance
  • Part 5 Advisory Functions
  • Part 6 Legal Obligations and Compliance
Specialist Area
  • Part 1 Life Insurance Market
  • Part 2 Term Life Insurance
  • Part 3 Total and Permanent Disability (TPD)
  • Part 4 Trauma Insurance
  • Part 5 Income Protection Insurance
  • Part 6 Business Insurance
  • Part 7 Life Insurance, Taxation and Superannuation
  • Part 8 Role of the Adviser
Superannuation AdviceSpecialist Area
  • Part 1 Introduction to Superannuation
  • Part 2 Superannuation Eligibility
  • Part 3 Compulsory Contribution to Superannuation
  • Part 4 Tax Concessions on Superannuation
  • Part 5 Withdrawals on Superannuation and ETP's
  • Part 6 Retirement Income Streams
  • Part 7 Social Security Pensions
  • Part 8 Duties of Superannuation Trustees
  • Part 9 Self-Managed Super Funds (SMSF's)
  • Part 10 Providing Superannuation Advice
Investment AdviceSpecialist Area
  • Part 1 Introduction to Financial Markets
  • Part 2 Introduction to Managed Investments
  • Part 3 Securities - Money Market Investments
  • Part 4 Securities - The Bond Market
  • Part 5 Securities - Shares
  • Part 6 Securities - Property Securities
  • Part 7 Specialised Investments
  • Part 8 Constructing Portfolios
  • Part 9 Derivatives
  • Part 10 Use of Leverage
  • Part 11 Taxation Issues for Investors
  • Part 12 Conducting Research
SMSF AdviceSpecialist Knowledge Area

This specialist knowledge area will equip you with the expertise and technical skills to provide compliant Self Managed Superannuation Funds (SMSF) advice to clients on:

  • Part 1 Superannuation Fundamentals
  • Part 2 Introducing SMSFs
  • Part 3 Forming an SMSF
  • Part 4 Obligations of Trustees
  • Part 5 Contributing to an SMSF
  • Part 6 Investments by a SMSF
  • Part 7 Investment Opportunities for a SMSF
  • Part 8 Pensions & Withdrawals from a SMSF
  • Part 9 Estate Planning in a SMSF and Winding up a SMSF
Financial Plan Construction

Upon completion of the specialist knowledge subjects, a Statement of Advice (SoA) is researched, developed, implemented, presented, and reviewed.

Units of Competency

This course includes nationally recognised units

Core Units
  • BSBITU402 Develop and use complex spreadsheets
  • FNSASICZ503 Provide advice in financial planning
  • FNSFPL501 Comply with financial planning practice ethical and operational guidelines and regulations
  • FNSFPL502 Conduct financial planning analysis and research
  • FNSFPL503 Develop and prepare financial plan
  • FNSFPL504 Implement financial plan
  • FNSFPL505 Review financial plans and provide ongoing service
  • FNSFPL506 Determine client financial requirements and expectations
  • FNSINC401 Apply principles of professional practice to work in the financial services industry
Elective Units
  • FNSFPL507 Provide financial planning advice
  • FNSFPL508 Conduct complex financial planning research
  • FNSIAD501 Provide appropriate services, advice and products to clients
  • FNSINC501 Conduct product research to support recommendations
  • FNSCUS505 Determine client requirements and expectations
  • FNSASICU503 Provide advice in superannuationImplement financial plan
  • FNSASICX503 Provide advice in life insurance
  • FNSASICT503 Provide advice in Managed Investments
  • FNSASICW503 Provide advice in Securities
  • FNSFMK502 Analyse financial market products for client
  • FNSFMK503 Advise clients on financial risk
  • FNSCUS506 Record and implement client instructions
Self Managed Superannuation Funds Personal Advice
  • FNSSMS501 Invest in self-managed superannuation funds assets
  • FNSSMS601 Provide advice in self-managed superannuation funds
  • FNSSMS602 Apply taxation requirements when advising in self-managed superannuation funds
  • FNSSMS603 Apply legislative and operational requirements to advising in self-managed superannuation funds
  • FNSSMS505 Support trustee in the selection and performance monitoring of outsourced services
Assessment

Assessment tasks may be a combination of:

  • Short answer questions
  • Case study and scenario responses
  • Projects, Portfolio
  • Role Plays
  • Practical Demonstration
  • Journal and Self-reflection exercises

Our friendly and experienced team will provide support and assessment feedback as you progress through your studies.

Additional information

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FNS50615 Diploma of Financial Planning & SMSF

£ 2001-3000

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