Course Title: Provide advice in Securities

Part B: Course Detail

Teaching Period: Term2 2014

Course Code: BAFI5201C

Course Title: Provide advice in Securities

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:

FNSFMK502A  - Analyse financial market products for client

FNSFMK503A  - Advise clients on financial risk
 

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 Securities specialist area.
 


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

FNSASICW503A Provide advice in Securities

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 Securities 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:

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:

3. Present appropriate strategies and solutions to client and negotiate a financial plan, policy or transaction.

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:

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

The nominal hours associated with this are a guide only and represent the total teaching time and student effort required to successfully complete the course. This may include not only scheduled classes but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

 

<thead> <th scope="col">Week</th> <th scope="col">Week Commencing </th> <th scope="col"> Topics                                                                                                                      </th> <th scope="col">Assessment                                                                </th> </thead>
17th of July
 
 • 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
 
 Assessment task 1 distributed to students.
214th of July
 

 Topic 1The investment setting

• different financial market sectors
• relationship between them, participants and the economy
• Asset classes
 

 
321st of July Topic 1
• relationship between them, participants and the economy
• Asset classes

 
Task 1  - Assignment - Due
428th of July Topic 2 Securities
• operation of Securities markets including:
• market participants

 
 Assessment Task 2 Handout
You will receive the feedback in week 11. If required, resubmission for this assessment is due by the end of week 16.
 
54th of AugustTopic 2 Securities
• roles played by intermediaries
• range of securities
• associated risks
• investment options using securities product

 
 Feedback for assessment 1
611th of August
 
Topic 2 Securities
• associated risks
• investment options using securities product


 
 
718th of August Topic 2 Securities
• advisory functions
• regulator guidelines including the requirements of ASIC
 
 
825th of AugustTopic 2 Securities
• operation of Securities markets including:
• market participants
 
 
 Mid Semester Break MID-SEMESTER BREAK 
98th of September Topic 2 Securities
• roles played by intermediaries
• range of securities
• associated risks
• investment options using securities product
 
1015th of September Topic 2 Securities
• taxation issues in relation to Securities
• advisory functions
• regulator guidelines including the requirements of ASIC
 
 
1122nd of September Topic 2 Securities
• taxation issues in relation to Securities
• advisory functions
• regulator guidelines including the requirements of ASIC
 
 
1229th of September Topic 2 Securities
• taxation issues in relation to Derivatives
• advisory functions
• regulator guidelines including the requirements of ASIC
 
 
136th of October Topic 4 Derivatives
• the concept of a financial product
• general definition
• types of financial investment products
• investment options using securities products
• associated risks
 
 Task 2 - Case Study - Due

You will receive the feedback in week 16. If required, resubmission for this assessment is due by the end of week 17.
 
1413th of October Topic 4 Derivatives
• taxation issues in relation to Derivatives
• advisory functions
• regulator guidelines including the requirements of ASIC
 
 Assessment 2 feedback
1520th of October
 
 Assessment task 3
 

 Task 3 - In class - Assessment - Due  

Feedback assessment 2

 

1627th of October
 
 Feedback Assessment 1 & 3 Feedback Assessment 3


 


Learning Resources

Prescribed Texts


References


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:

BAFI5200C Provide advice in managed investments

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 client’s needs and advise them ethically and accurately on Securities products and services
  • assess the impacts of taxation on client’s financial requirements for specific products offered. You are required to complete 3 tasks.

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

TASK 1  - Assignment (Due Date: End of week 3)

For this assessment you will undertake 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  - Case Study (Due Date: End of Week 13 )

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 - In class assessment (Due Date: End of Week 15 )

This in class 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. 

This task will take place during normal class times.

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 Managed Investments markets

 


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