Course Title: Provide advice in Managed Investments

Part B: Course Detail

Teaching Period: Term2 2015

Course Code: BAFI5200C

Course Title: Provide advice in Managed Investments

School: 650T Vocational Business Education

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:

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.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.Confirmation is sought from client that they understand the proposed plan, policy or transaction

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


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 thought various technology platforms and include your contribution to wikis and discussion threads, reflective journals, quizzes and interactive sessions.

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.

We expect you to participate and contribute in all scheduled learning activities.
 


Teaching Schedule

Induction Session


Prior to training commencement a program level induction session will be conducted that comprises the following:

  • Program overview and requirements
  • MyRMIT/Blackboard
  • Overview of assessment requirements
  • Pre-training Review including: Recognition of Prior Learning and Credit Transfers and Assessment of current skills and knowledge
  • Competency/grading criteria
  • Plagiarism
  • Appeals
  • Extensions
  • Feedback
  • Privacy
  • Submission Requirements
  • Resubmission policy
  • Where to get support
  • Student responsibilities

Students will be provided with feedback throughout the semester

NOTE: The teaching schedule may be subject to change. Students will be advised via the Blackboard and student email of any changes

<thead> <th scope="col">Week</th> <th scope="col">Week Commencing</th> <th scope="col"> Topics                                                                                                                      </th> <th scope="col">Assessment                                                                </th> </thead>
16 July

Introduction to the Course including:

  • Course requirements
  • Course support documents Course Blackboard access
  • Accuracy of enrolment
  • Assessment requirements/cover sheets including RPF & credit
    transfers
  • Reminder re Plagiarism
  • Reminder re Appeals
  • Extensions and Resubmissions
  • Feedback in the course
  • Reminder re-submission requirements
  • Getting help

Introduction to Topic 1

  • The investment setting
 Assessment task 1 - distributed to students
213 July

 Topic 1 The investment setting

  • different financial market sectors
  • relationship between them, participants and the economy
 
320 July

 Topic 1

  • different financial market sectors
  • relationship between them, participants and the economy
 
427 July

 Topic 2 Asset Classes and Principles of Investing

  • Asset Classes
  • Risks
  • Asset Allocation
  • Shares
Task 1 - Assignment - Due end of week 4
53 August

Topic 2 Asset Classes and Principles of Investing

  • Asset Classes
  • Risks
  • Asset Allocation
  • Shares

 Assessment Task 2 - Case Study Handout

You will receive the feedback in week 12

610 August
 

Topic 3 Securities/Returns and Equity

  • operation of Securities markets including:
  • roles played by intermediaries
  • range of securities
  • associated risk
  • investment options using securities product advisory function
 
717 August

Topic 3 Securities/Returns and Equity

  • operation of Securities markets including:
  • roles played by intermediaries
  • range of securities
  • associated risk
  • investment options using securities product advisory function
 
824 august

Topic 3 Securities/Returns and Equity

  • regulator guidelines including the requirements of ASIC
 
 31 Aug - 6 Sept MID-SEMESTER BREAK 
97 Sept

 Topic 4 Managed Funds 

  • managed funds
  • advantages/disadvantages 
  • types of investments
 
1014 Sept

 Topic 4 Managed Funds

  • compliance
  • diversification
 
1121 Sept

 Topic 4 Managed Funds

  • performance management
  • investment strategies guidelines including the requirements of ASIC
Assessment Task 2 - Case Study - Due end of week 11
1228 Sept

 Topic 5 Derivatives

  • the concept of a financial product
  • general definition
  • types of financial investment products
  • investment options using securities products
  • associated risks
Feedback for Case Study Assessment Task 2
135 October

 Topic 5 Derivatives

  • taxation issues in relation to Derivatives
  • advisory functions
  • regulator guidelines including the requirements of ASIC
 
1412 October

 Revision

 
1519 October Task 3 Assessment

Task 3 - In class - Assessment - Due   

1616 October Feedback Assessment  & re-assessments 


 


Learning Resources

Prescribed Texts

Financial Planning In Australia - 2015 Essentials Edition by Taylor, S.; Juchau, R.; Seymour, E.; Cull, M.; Colley, G.; Monahan, R.; Perkins M.; Griffin, R., 2014       -   IBSN:9780409339710


References

RMIT Notes for Investment Analysis and Advice Manual will be used with the prescribed textbook.


Other Resources

Other materials will be placed on the Blackboard and will be used when directed so by your teacher.


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

Co-delivered Competencies

This competency is co-delivered with the following courses:

BAFI5201C Provide advice in securities

BAFI 5202C Provide advice in derivatives

Critical aspects of assessment

Evidence of the following is essential:

  • interpret and comply with industry regulations and codes of practice
  • analyse clients 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.

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

Task 1 - Assessment Task 1 (Due in class Week 4)

For this Assessment Task you are required to demonstrate knowledge of the financial planning industry by completing a number of short answer and multiple choice questions. This task will be classed based on a writing activity.

Task 2 - Case Study (Due end of Week 11)

The Case Study comprises of Part A (knowledge component) and Part B Case study (presentation skills component)

Part A of the assessment task you are required to research and develop strategies based on a case study converting topics from week 1 to week 10. Part A is group work

Students must successfully complete Part A to be able to progress to Part B.

Part B is an individual assessment of the successful completion of Part A Knowledge based group work

Task 2 is a group assessment and the progress of work can be monitored using Google shared Drive.

Task 3 (Due at the end of Week 15)

For this assessment task you need to undertake an open book class based assessment based on all material covered and elements in this unit.
 


Assessment Matrix

Other Information

Submission Requirements

You should:

  • Ensure that you submit assessments on or before the due date.
  • 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 each assessment task 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, Julie Macpherson, 324567, Task 2, OHS2345C Ensure safe workplace, Page 1 of 10.

Late Submission Procedures

You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.

If you are prevented from submitting an assessment item on time, by circumstances outside your control, you may apply in advance to your teacher for an extension to the due date of up to seven calendar days.
 More Information: http://www.rmit.edu.au/students/assessment/extension
Form to use: http://mams.rmit.edu.au/seca86tti4g4z.pdf

Where an extension of greater than seven days is needed, you must apply for special consideration. Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination.
 More Information: http://www.rmit.edu.au/browse;ID=g43abm17hc9w
Form to use: http://mams.rmit.edu.au/8a5dgcaqvaes1.pdf
 

Resubmissions (VET Programs):

If you are found to be unsuccessful in a Course Assessment Task you will be allowed one resubmission only. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. The highest grade you will receive if your resubmission is successful is “CAG”. 
If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.
 

Adjustments to Assessment
 

In certain circumstances students may be eligible for an assessment adjustment. For more information about the circumstances under which the assessment arrangements might be granted please access the following website:
More Information: http://rmit.edu.au/browse;ID=7usdbki1fjf31

Marking Guide (Competency):

You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying.

You will receive feedback on each assessment task that will inform you about your progress and how well you are performing.

Marking Guide (Grading)

After achieving competency we then grade your performance in the unit and you will achieve one of the following grades:
 

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.

Course Overview: Access Course Overview