Course Title: Personal Wealth Management

Part A: Course Overview

Course Title: Personal Wealth Management

Credit Points: 12


Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

BAFI1014

City Campus

Undergraduate

615H Accounting

Face-to-Face

Sem 2 2015,
Sem 1 2016,
Sem 2 2016,
Sem 1 2017

BAFI1014

City Campus

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Sem 1 2006,
Sem 2 2006,
Sem 1 2007,
Sem 2 2007,
Sem 1 2008,
Sem 2 2008,
Sem 1 2009,
Sem 2 2009,
Sem 1 2010,
Sem 2 2010,
Sem 1 2011,
Sem 2 2011,
Sem 1 2012,
Sem 2 2012,
Sem 1 2013,
Sem 2 2013,
Sem 1 2014,
Sem 2 2014

BAFI1015

Kolej Metropolitan

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Offsh 1 09

BAFI1016

Singapore Inst of Management

Undergraduate

615H Accounting

Face-to-Face

Offsh1 15,
Offsh3 15

BAFI1016

Singapore Inst of Management

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Offsh1 12,
Offsh3 12,
Offsh1 13,
Offsh1 14,
Offsh3 14

BAFI3201

RMIT University Vietnam

Undergraduate

615H Accounting

Face-to-Face

Viet1 2015,
Viet2 2015,
Viet3 2015,
Viet1 2016

BAFI3201

RMIT University Vietnam

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Viet2 2012,
Viet3 2012,
Viet1 2013,
Viet2 2013,
Viet3 2013,
Viet1 2014,
Viet2 2014,
Viet3 2014

Course Coordinator: Dr Daniel Richards

Course Coordinator Phone: +61 3 9925 5935

Course Coordinator Email: daniel.richards@rmit.edu.au

Course Coordinator Location: Melbourne


Pre-requisite Courses and Assumed Knowledge and Capabilities

None


Course Description

Personal Wealth Management introduces you to the workings of the financial planning and wealth management industry. It provides a framework that enables the analysis of problems and the development of action plans designed to assist people to achieve their financial goals and improve their "financial health". Increasing interest in the area of financial planning and the growth in demand for financial advisory services over the past decade has led to a rapidly expanding industry.

The area of personal financial planning and wealth management encompasses many disciplines. These include investments, retirement and cash-flow planning, pension schemes, insurance, taxation, legal structures, borrowing money, financial analysis and risk assessment, amongst many other areas. This course introduces you to the process of personal wealth management that brings all of these areas together in a way to meet an individual’s requirements.


Objectives/Learning Outcomes/Capability Development

-


On successful completion of this course you will be able to:

  1. Select and recommend the most appropriate financial and investment strategies for individual clients.
  2. Critically analyse the role of insurance in personal financial management and risk protection.
  3. Calculate taxation liability and social security entitlements for a range of clients.
  4. Evaluate asset management structures best suited for estate and succession planning for an individual.
  5. Explain the nature and purpose of pension schemes and retirement incomes policy to clients.
  6. Develop comprehensive financial plans for clients with diverse needs.


Overview of Learning Activities

Your learning will be supported through various activities which may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; debating selected topics on discussion forums and producing written work.


Overview of Learning Resources

Various learning resources are available online through myRMIT /Blackboard. In addition to topic notes; assessment details and a study schedule you may also be provided with links to relevant online information; readings; audio and video clips and communication tools to facilitate collaboration with your peers and to share information.
Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT Library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT Library website.
Additional resources and/or sources to assist your learning will be identified by your course coordinator will be made available to you as required during the teaching period.


Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 20%
Linked CLOs: 2, 3, 4

Assessment Task 2: 30%
Linked CLOs: 1, 3, 5, 6

Assessment Task 3: 50%
Linked CLOs: 3, 4, 5, 6

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.