Course Title: Provide advice in Managed Investments

Part B: Course Detail

Teaching Period: Term1 2013

Course Code: BAFI5200C

Course Title: Provide advice in Managed Investments

School: 650T TAFE Business

Campus: City Campus

Program: C5317 - Diploma of Financial Planning

Course Contact : Sam Tabit

Course Contact Phone: +61 3 99254166

Course Contact Email:sam.tabit@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Nominal Hours: 50

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

Pre-requisites to this course:

FNSINC501A  - Conduct product research to support recommendations
 

FNSIAD501A  - Provide appropriate services, advice and products to clients

FNSCUS505A  - Determine client requirements and expectations
 

FNSCUS506A  - Record and implement client instructions

There are no co-requisites to this course.

Course Description


This unit describes the performance outcomes, skills and knowledge required to satisfy the training requirements of current Australian Securities and Investments Commission (ASIC) Australian Financial Services (AFS) licensing at Tier 1 level in the Managed Investments specialist area.
 


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

FNSASICT503A Provide advice in Managed Investments

Element:

4. Agree the plan, policy or transaction and complete documentation

Performance Criteria:

4.1. The client's formal agreement to the proposed plan, policy or transaction is gained
4.2. Associated fee and cost structures and timeframes for execution and processing are clearly
explained and confirmation of understanding gained from the client
4.3. Proposal and all other statutory and transactional documents are completed and signed off by the client
4.4. Copies of appropriate documentation and the signed agreement are exchanged
 

Element:

5. Provide ongoing service where requested by client

Performance Criteria:

5.1. Type and form of ongoing service including reporting on performance and review of plan, policy or transaction is agreed with the client
5.2. Fees and costs for ongoing and specifically defined service are clearly explained and
confirmation of understanding gained from the client
5.3. Ongoing service is provided as required
 

Element:

1 Establish relationship with client and identify client's objectives, needs and financial situation

Performance Criteria:

1.1. The financial products and services knowledge level of the client is established
1.2. Enquiries in relation to Managed Investment products and services are responded to by explaining the range of products and services available and their relevant fee and charging methodology
1.3. Client is informed of the role of the adviser and the licensee or principal responsible for the adviser's conduct including procedures for complaints handling and the circumstances in which they should be engaged
1.4. The client's personal, financial and business details are obtained and their needs identified by encouraging expression of their objectives and goals
1.5. Product risk profile of the client and their expectations of cash flow and relevant taxation obligations are established
 

Element:

2. Analyse client's objectives, needs, financial situation and risk profile to develop appropriate strategies and solutions

Performance Criteria:

2.1.An assessment of client's needs is undertaken, utilising all information gathered and taking
into account client's product expectations and specific needs
2.2. Client is consulted throughout the analysis for further clarification where necessary
2.3. The need for specialist advice is analysed and the client is referred to appropriate adviser for
higher level or specialist advice if required
2.4. Product risk profile of the client is assessed and agreed demonstrating understanding of the
ASIC identified generic and specialist knowledge relevant to the products being offered
2.5. An appropriate strategy to provide for identified needs and outcomes is determined from
analysis of products, client risk profile and assessment of their needs
2.6. 2.6 Relevant research, analysis and product modelling is conducted and an appropriate solution, plan, policy or transaction drafted for presentation to the client
 

Element:

3.Present appropriate strategies and solutions to client and negotiate a financial

Performance Criteria:

3.1.Product knowledge appropriate for the service or product offered is demonstrated
when presenting the product
3.2.The proposed transaction is explained and discussed with the client in a clear and
unambiguous way
3.3. Relevant details, terms and conditions of product/service are reinforced to client
3.4. Impacts and possible risks of the solution are disclosed in a clear and concise
manner to the client
3.5.Client is provided with written supporting documentation and guided through the key
aspects of the documentation
3.6.Concerns or issues the client has regarding the proposed plan, policy or transaction are
discussed and clarified
3.7. 3.7 Confirmation is sought from client that they understand the proposed plan, policy or transaction
 


Learning Outcomes



Details of Learning Activities

A range of learning activities are planned for this course including self-paced and collaborative classroom based activities.
The self-paced activities will be delivered via Blackboard and access to and use of the internet to collect, analyse and use information on a range of financial products and financial organizations.
The collaborative classroom based activities will include group discussion, group problem solving activities and opportunities to practice your skills in a simulated/real workplace environment.
You are expected to participate and contribute in all scheduled learning activities including completion of tutorial exercises consisting of practical problems, short answer questions, multiple choice, case studies and extension exercises.
 


Teaching Schedule

 Week Week Commencing Topics Assessment
1 11th Feb 2013• Course requirements
• Course support documents
• Blackboard
• Overview of assessment requirements including Recognition of Prior Learning and Credit Transfers
• Grading
• Plagiarism
• Appeals
• Extensions
• Feedback
• Privacy
• Submission requirements
• Resubmission policy
• Where to get support
• Student responsibilities
• Introduction to Topic 1
 
 
218th Feb 2013 Topic 1 The investment setting
• different financial market sectors
• relationship between them, participants and the economy
• Asset classes
 
 325th Feb 2013 Topic 2 Securities
• operation of Securities markets including:
• market participants
• roles played by intermediaries
• range of securities
• associated risks
• investment options using securities product
 
 Assessment task 1 distributed to students.
4 4th Mar 2013 Topic 2 Securities
• operation of Securities markets including:
• market participants
• roles played by intermediaries
• range of securities
• associated risks
• investment options using securities product
 
 
 5 11th Mar 2013 Topic 2 Securities
• taxation issues in relation to Securities
• advisory functions
• regulator guidelines including the requirements of ASIC
 
 
 6 18th Mar 2013 Topic 2 Securities
• taxation issues in relation to Derivatives
• advisory functions
• regulator guidelines including the requirements of ASIC
 
 
 7 25th Mar 2013 Topic 3 Managed Investments
• concept of Managed Investments
• specialist knowledge of the range of products offered under Managed Investments schemes, or a specific product offered under a scheme:
 
   MID-SEMESTER BREAK (28th Mar - 3rd Apr 2013) 
7 1st Apr 2013 Revision for week 8 assessment task 2 
 8 8th Apr 2013 Assessment task 2 Assessment Task 2 Due
You will receive the feedback in week 11. If required, resubmission for this assessment is due by the end of week 16.
 9 15th Apr 2013 Topic 3 Managed Investments
• concept of Managed Investments
• specialist knowledge of the range of products offered under Managed Investments schemes, or a specific product offered under a scheme:
 
 10 22nd Apr 2013 Topic 3 Managed Investments
• property trusts, real estate investment strategies, valuation techniques, property management
• equity trusts, fixed interest trusts
• serviced strata schemes
• primary production schemes
• film schemes
• time-sharing schemes
 
 11 29th Apr 2013 Topic 3 Managed Investments
• taxation issues in relation to Managed funds
• advisory functions
• regulator guidelines including the requirements of ASIC
 
 12 6th May 2013 Topic 4 Derivatives
• the concept of a financial product
• general definition
• types of financial investment products
• investment options using securities products
• associated risks
 
 1313th May 2013 Topic 4 Derivatives
• the concept of a financial product
• general definition
• types of financial investment products
• investment options using securities products
• associated risks
 
 1420th May 2013 Topic 4 Derivatives
• taxation issues in relation to Derivatives
• advisory functions
• regulator guidelines including the requirements of ASIC
 Assessment Task 2 Due
You will receive the feedback in week 16. If required, resubmission for this assessment is due by the end of week 16.
 
 1527th May 2013 Revision 
 163rd June 2013 Assessment task 3 Assessment Task 3 Due  and Assessment 2 feedback
 1710th June 2013 Re-submissions if required and feedback of Assessments 


Learning Resources

Prescribed Texts

none


References


Other Resources

Learning support materials are made available on the Online Learning Hub from myRMIT


Overview of Assessment

Assessment may incorporate a variety of methods including technical requirements documentation, homework, assignments, group and/or individual projects, in class exercises, written and practical tests, problem solving exercises, presentations, direct observation of actual and simulated work practice, presentation of a portfolio of evidence which may comprise documents, and/or photographs and/or video and audio files, review of products produced through work-based or course activities.

You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met. You will be provided with feedback throughout the course to check their progress.
 


Assessment Tasks

Overview of Assessment
Students must demonstrate an understanding of all elements of competency to be deemed competent.

A range of assessment methods are used to assess practical skills and knowledge.

Critical aspects of assessment

Evidence of the following is essential

• interpret and comply with industry regulations and codes of practice
• analyse client’s needs and advise them ethically and accurately on managed investment products and services

• assess the impacts of taxation on client’s financial requirements for specific products offered.

This unit is co-assessed with

FNSASICW503A Provide advice in Securities
FNSASICV503A Provide advice in Derivatives
 

FNSASICT503A Provide Advice in Managed Investments

Assessment Tasks

You are required to complete 3 tasks. You must successfully complete all 3 tasks to be deemed competent in this unit.

TASK 1 (Due Date: End of Week 14)

An assignment involving case studies. This is an integrated activity which combines the elements of competency of securities, managed investments and derivatives.
To be deemed competent in this task you must prepare reports that includes the following

• Identifying client’s objectives and risk profile
• Develop appropriate strategies
• use of market information and data is in accordance with the relevant legal and ethical constraints
• Clearly stating goals, objectives, plans, systems and processes and documentation of plan
• interpret and comply with industry regulations and codes of practice

TASK 2 (Due Date: End of week 8)

This assessment task comprises of multiple choice and problem solving questions. In this Assessment Task you are required to identify a range of securities and associated risks, managed fund. You are also required to demonstrate security investment strategies.

To be deemed competent in this task you must cover the following:

• concept of securities financial products
• operations within securities market
• taxation issues
• participants in the advisory services market

• concept of managed investments


TASK 3 (Due Date: End of Week 16)

This assessment task comprises of multiple choice and problem solving questions In this Assessment Task you are required to identify a range of derivatives, range of managed funds and associated risks. You are also required to demonstrate derivatives investment strategies.

To be deemed competent in this task you must cover the following:

• specialist knowledge of the range of products offered under Managed Investments schemes, or a specific product offered under a scheme:
• property trusts, real estate investment strategies, valuation techniques, property management
• equity trusts, fixed interest trusts
• concept of derivatives financial products
• operations within derivatives market
• taxation issues within


Submission Requirements

You should:

• Ensure that you submit assessments on or before the due date. If your performance in the assessment is affected by unexpected circumstances, you should consider applying for Special Consideration. Information on the process and application forms is available at http://rmit.edu.au/browse;ID=ls0ydfokry9rz website.
• Always retain a copy of your assessment tasks. (hard copy and soft copy)
• When you submit work for assessment at RMIT University you need to use a cover sheet that includes a declaration and statement of authorship. You must complete, sign and submit a cover sheet with all work you submit for assessment, whether individual or group work. On the cover sheet you declare that the work you are presenting for assessment is your own work. An assignment cover sheet for submission of work for assessment is available on blackboard.
• Each page of your assessment should include footer with your name, student number, the title of the assessment, unit code and title and page numbers. For example, My-name, 324567, Task 2, ACCT 5239C Analyse financial markets and information, Page 1 of 10.


Marking Guide (competency):

Vocational Education and Training (VET) is based on current industry needs and the focus on preparing you for the workplace. Because VET courses are informed by practical application of knowledge and skills, they are based on a system known as ‘competency based training’ (CBT). So when you are assessed in VET it is about whether you are competent to do the job, as well as having a firm grasp on the knowledge and skills required to do that job, as opposed to traditional curriculum based education settings that are often based on knowledge retention.

You need to demonstrate you are competent in each element of the unit of competency you are studying.

You will receive feedback on each assessment task that will inform you whether you are competent or not and how well you are performing. Once competent in all elements of the unit you receive a competency grading.

Please refer to the Final Grades table below.

Marking Guide (Grading)

After achieving competency we then grade your performance in the unit; this gives you the opportunity to have the level of your performance formally recognized against industry standards and employability skills.


The grading is according to the following criteria:


• LEVEL OF INDEPENDENCE, INITIATIVE, ENTERPRISE AND PERFORMANCE OF WORK TASK

You are required to demonstrate a high level of ability to complete all tasks independently as per the specifications as well as demonstrating a high level of initiative in your access of information required for the assessments tasks, accuracy and quality of information presented to peers and appropriate recommendation using the information you have access, analysed and presented.

• DEMONSTRATED BREADTH OF UNDERPINNING KNOWLEDGE AND A WILLINGNESS TO CONTINUE LEARNING

You need to show a depth of understanding of the key concepts and knowledge of the financial market data and asset classes covered in the assessment tasks, including stocks, bonds, managed funds and derivatives.

• TECHNIQUES & PROCESSES, TECHNOLOGY SKILLS AND PROBLEM SOLVING

Demonstration of appropriate use of technology to assist in presenting all tasks clearly and suitable for the intended audience. This requires use of ASX website and financial institution web sites to access market and financial data. You will be also required to apply statistical techniques and make elementary probability calculations using EXCEL and calculators.

• WORK ORGANISATION, PLANNING AND SELF MANAGEMENT

You must complete all work requirements as per course requirements and timely submission of all required assessment tasks. You need to collate market data and organize it in a presentable format that meets the requirements of the assessment tasks.


• COMMUNICATION, PEOPLE NETWORKING, LANGUAGE AND INTERPERSONAL SKILLS AND TEAMWORK

You are required to work in groups to complete assessment task 3. Communication skills and teamwork is required to collaboratively complete this task. Additionally you need to disseminate accurate market information within groups.

Final Grades table


CHD Competent with High Distinction
CDI Competent with Distinction
CC Competent with Credit
CAG Competency Achieved – Graded
NYC Not Yet Competent
DNS Did Not Submit for assessment

 

Further information regarding the application of the grading criteria will be provided by your teacher.
 


Assessment Matrix

Course Overview: Access Course Overview