Course Title: Determine client requirements and expectations
Part B: Course Detail
Teaching Period: Term1 2013
Course Code: MKTG6074C
Course Title: Determine client requirements and expectations
School: 650T TAFE Business
Campus: City Campus
Program: C5317 - Diploma of Financial Planning
Course Contact : Michael Elliot
Course Contact Phone: +61 3 9925 5519
Course Contact Email:michael.elliot@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Nominal Hours: 70
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
None
Course Description
This unit describes the performance outcomes, skills and knowledge required to establish a client’s financial requirements and expectations in regard to financial investment products and includes quotations, claims and requests for service or amendments.
It does not cover the application of the specific skills and knowledge required to recommend and provide advice on specific financial products requiring Australian Securities and Investments Commission (ASIC) licensing.
No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSCUS505A Determine client requirements and expectations |
Element: |
1. Develop an awareness of the client's situation |
Performance Criteria: |
1.1 Relevant facts and information are obtained courteously and professionally to determine client's situation prior to defining their expectations, requirements and objectives |
Element: |
2. Obtain relevant knowledge of client's financial position and risk profile |
Performance Criteria: |
2.1. Where relevant, client financial position is ascertained |
Element: |
Determine client expectations and requirements with respect to financial markets advice |
Performance Criteria: |
3.1. Client is encouraged to express and clarify their requirements and expectations and their concerns, if any are identified and responded to promptly and appropriately |
Element: |
Prepare and update necessary documentation where required |
Performance Criteria: |
4.1.All relevant client facts, financial and personal histories and completed disclosure documents are completed and filed in accordance with organisation policy and guidelines and relevant legislation and regulatory requirements |
Learning Outcomes
Details of Learning Activities
This unit is delivered using a blend of classroom based and self -paced learning activities.
Teaching Schedule
Week | Week Comm | Topics | Assessment |
1 | Pre-training review: • RPL /LLN Familiarisation with: • Program • Services/facilities • Other students • Teacher(s) • Where to get support • Student responsibilities • Course requirements • Course support documents • Pre-reading • Blackboard • Overview of assessment requirements • Grading • Plagiarism • Appeals • Extensions • Feedback • Privacy • Submission requirements • Resubmission policy |
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2 | Spreadsheet exercises Financial Services Industry – Module 1- Chapter 1 |
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3 | Financial Services Industry – Module 1- Chapter 2 | ||
4 | Financial Services Industry – Module 1- Chapter 3 | Assessment on Topics from weeks 1 and 2 Excel Activity Questions Grading (CA/NYC) |
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5 | Financial Services Industry – Module 1- Chapter 3 continued |
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6 | Financial Services Industry – Module 1- Chapter 4 | ||
7 | Financial Services Industry – Module 1- Chapter 4 | 27th (Wednesday)last day of teaching before Easter break. Classes resume Thursday 4th of April | |
Mid semester break (28th March to 3rd April) | |||
8 | Financial Services Industry – Module 1- Chapter 4 Continued Financial Services Industry – Manage Client Services- Chapter 1 |
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9 | Financial Services Industry – Manage Client Services- Chapter 2 | ||
10 | Financial Services Industry – Manage Client Services- Chapter 3 | ||
11 | Financial Services Industry – Manage Client Services- Chapter 4 | ||
12 | Financial Services Industry – Manage Client Services- Chapter 5 Introduction to Role Plays (This is outlining the assessment) |
Final Role Play Assessment discussion With teacher |
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13 | Introduction to Role Plays (This is outlining the assessment) | Final Role Play Assessment discussion With teacher |
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14 | Completion of role Plays and Final assessment review and Discussion | Continued as per above (CA/NYC) |
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15 | Assessment 3 – (CA/NYC) (From Topics covered in Weeks 3 to Weeks 14) |
(CA/NYC) |
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16 | Re-submissions if required | ||
17 | Feedback |
Learning Resources
Prescribed Texts
References
Other Resources
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
You are required to complete 3 tasks. You must successfully complete all 3 tasks to be deemed competent in this unit.
TASK 1 ( Week 3)
This will consist of a multiple choice question and short answer assessment. CA/NYC
TASK 2 (Week 13) CA/NYC
An individual assignment requiring students to conduct research into risk management.
The above task will be presented in report format (approx. 300- 500 words per recommendation).
TASK 3 (Week 15) CA/NYC
A two hour open book assessment covering Topics covered in Weeks 3 to Weeks 14
Assessment Matrix
Course Overview: Access Course Overview