Course Title: Financial Advisory Practice

Part A: Course Overview

Course Title: Financial Advisory Practice

Credit Points: 12.00


Course Code




Learning Mode

Teaching Period(s)


City Campus


615H Accounting


Sem 1 2017,
Sem 2 2017,
Sem 1 2018,
Sem 2 2018,
Sem 1 2019

Course Coordinator: Associate Professor Abdullahi Ahmed

Course Coordinator Phone: 99251542

Course Coordinator Email:

Course Coordinator Location: Melbourne City Campus

Course Coordinator Availability: Please check with coordinator

Pre-requisite Courses and Assumed Knowledge and Capabilities


Course Description

This course draws upon a range of disciplines and culminates in the preparation of a Statement of Advice for a client. The practice of financial planning requires understanding of regulation and the application of business management principles and techniques. The first aspect of this course requires the application of these skills in the preparation, presentation, implementation and review of a personal financial plan for a client. The second aspect of the course focuses on financial planning practice management and explores many of the practical issues that will confront you in the financial planning industry. You will also identify and discuss the principal customer service issues associated with the management of a financial planning practice.

This course includes a Work Integrated Learning (WIL) experience in which your knowledge and skills will be applied and assessed in a real or simulated workplace context and where feedback from industry and/or community is integral to your experience. The course also provides you with a capstone experience that will give you the opportunity to critically reflect on and consolidate what you have previously learnt in the program.

Objectives/Learning Outcomes/Capability Development


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

  1. Prepare a range of financial planning strategies based on clients’ objectives, needs and risk profile.
  2. Identify clients’ financial aims using a variety of data collection and interview techniques.
  3. Critically examine ethical and conflict of interest issues in the provision of financial services to consumers.
  4. Produce a comprehensive and compliant Statement of Advice (SoA).
  5. Implement and review a financial plan and use software skills to engage with clients in real-time.
  6. Demonstrate the integration of specialist technical knowledge areas within financial planning in developing strategies and recommendations for a client.

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 Studies\Canvas. These may include topic notes and slides, study schedule, assessment details, links to relevant internet information, readings, and communication tools.

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 to assist your learning will be made available to you as required during the teaching period.


Overview of Assessment

Assessment Tasks


Assessment Task 1: 10%

CLOs 1, 2, 4


Assessment Task 2: 50% 

CLOs 1, 2, 3, 4, 5, 6


Assessment Task 3:  Final Examination 40%

CLOs 2, 3, 4, 5