FPL306 Advanced Strategy Advice

Updated: 26 August 2019
Credit Points 6
Location Teaching Period Mode of Study
Armidale Trimester 1 Online
Armidale Trimester 2 Online
Intensive School(s) None
Supervised Exam There is no supervised examination.
Pre-requisites FPL201 and FPL202 and FPL303 and FPL304
Co-requisites None
Restrictions None
Notes None
Combined Units None
Coordinator(s) Cynthia Shannon (cshanno5@une.edu.au)
Unit Description

This unit brings together all aspects of financial planning so that comprehensive strategies can be considered under various client scenarios. Investment alternatives, superannuation, life insurance, estate planning, tax planning and social security entitlements are all considered within the framework of a client's risk profile and goals to develop a plan of action. Documentation in terms of client file requirements is addressed as part of the broader area of practice management and the use of financial planning software within a practice is examined.

This unit includes topics that address software and client relationships management systems (CRM); a core versus satellite approach to portfolio construction; blending managers; using platforms in practice; debt management; transition to retirement strategies; cash-out and re-contribution strategies; superannuation death benefit strategies; gathering insurance data for personal statements and medical records; anti-detriment payments and documentation for client requirements.

Materials No text required
Disclaimer Unit information may be subject to change prior to commencement of the teaching period.
Title Exam Length Weight Mode No. Words
Compulsory Online Analysis 35% 2000
Assessment Notes

Case study analysis.

Relates to Learning Outcomes (LO)

LO: 1-3

Compulsory Online Assessment 20% 1000 (equivalent)
Assessment Notes

Multiple choice questions that involve calculations; scenario-based analysis; and application of knowledge.

Relates to Learning Outcomes (LO)

LO: 1-4

Compulsory Strategy Advice-Short form SOA 45% 3000 (equivalent)
Assessment Notes

This assessment involves the preparation of a short form Statement of Advice.

Relates to Learning Outcomes (LO)

LO: 1-3, 5

Learning Outcomes (LO) Upon completion of this unit, students will be able to:
  1. demonstrate an understanding of what is required to operate a financial advice practice;
  2. integrate the results from an assessment of various investment strategies and recommend two investment strategies appropriate to a complex client scenario;
  3. calculate the insurance needs of a fictitious client, investigate alternative insurance products and provide a recommendation;
  4. evaluate the impact of alternative superannuation strategies based on information gathered from a fictitious client; and
  5. develop estate planning strategies and assess their impact for a given complex client scenario.