Course Title: Personal Wealth Management

Part A: Course Overview

Course Title: Personal Wealth Management

Credit Points: 12.00

Terms

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
BAFI1014	City Campus	Undergraduate	615H Accounting	Face-to-Face	Sem 2 2015, Sem 1 2016, Sem 2 2016, Sem 1 2017, Sem 2 2017, Sem 2 2018, Sem 1 2019, Sem 2 2019, Sem 1 2020, Sem 2 2020, Sem 1 2021, Sem 2 2021
BAFI1014	City Campus	Undergraduate	625H Economics, Finance and Marketing	Face-to-Face	Sem 1 2006, Sem 2 2006, Sem 1 2007, Sem 2 2007, Sem 1 2008, Sem 2 2008, Sem 1 2009, Sem 2 2009, Sem 1 2010, Sem 2 2010, Sem 1 2011, Sem 2 2011, Sem 1 2012, Sem 2 2012, Sem 1 2013, Sem 2 2013, Sem 1 2014, Sem 2 2014
BAFI1014	City Campus	Undergraduate	665H Accounting, Information Systems and Supply Chain	Face-to-Face	Sem 1 2022, Sem 2 2022, Sem 1 2023, Sem 2 2023, Sem 1 2024, Sem 2 2024
BAFI1015	Kolej Metropolitan	Undergraduate	625H Economics, Finance and Marketing	Face-to-Face	Offsh 1 09
BAFI1016	Singapore Inst of Management	Undergraduate	615H Accounting	Face-to-Face	Offsh1 15, Offsh3 15
BAFI1016	Singapore Inst of Management	Undergraduate	625H Economics, Finance and Marketing	Face-to-Face	Offsh1 12, Offsh3 12, Offsh1 13, Offsh1 14, Offsh3 14
BAFI2040	Open Learning Australia	Non Award	615H Accounting	Distance / Correspondence	OUASP2UG19, OUASP3UG19, OUASP1UG20, OUASP2UG20, OUASP3UG20
BAFI3201	RMIT University Vietnam	Undergraduate	615H Accounting	Face-to-Face	Viet1 2015, Viet2 2015, Viet3 2015, Viet1 2016
BAFI3201	RMIT University Vietnam	Undergraduate	625H Economics, Finance and Marketing	Face-to-Face	Viet2 2012, Viet3 2012, Viet1 2013, Viet2 2013, Viet3 2013, Viet1 2014, Viet2 2014, Viet3 2014

Flexible Terms

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
BAFI3228	OUA CSP	Undergraduate	615H Accounting	Internet	OUACSP2019 (All)

Course Coordinator: Dr Sharad Sharma

Course Coordinator Phone: +61 3 9925 9763

Course Coordinator Email: sharad.sharma@rmit.edu.au

Course Coordinator Location: Melbourne

Course Coordinator Availability: Via email

Pre-requisite Courses and Assumed Knowledge and Capabilities

None

Course Description

Personal Wealth Management introduces you to the workings of the financial planning and wealth management industry. It provides a framework that enables the analysis of problems and the development of action plans designed to assist people to achieve their financial goals and improve their "financial health". Increasing interest in the area of financial planning and the growth in demand for financial advisory services over the past decade has led to a rapidly expanding industry.

The area of personal financial planning and wealth management encompasses many disciplines. These include investments, retirement and cash-flow planning, pension schemes, insurance, taxation, legal structures, borrowing money to invest, financial analysis and risk assessment, amongst many other areas. This course introduces you to the process of personal wealth management that brings all of these areas together in a way to meet an individual’s requirements.

Objectives/Learning Outcomes/Capability Development

-

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

1. Identify the evolving diverse needs of individuals and contributions to society in terms of personal wealth management.

2. Critically analyse the role of insurance in personal financial management and risk protection.

3. Contextualise taxation liability and social security entitlements for a range of clients.

4. Evaluate asset management structures best suited for estate and succession planning for an individual.

5. Justify the alternative pension schemes and retirement income(s) policy choices for an individual.

6. Consolidate the contribution from Australian society to individual financial planning incorporating local, national and global circumstances.

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.

• 1 hour of Asynchronous learning activity. Students can access lecture recordings and other course material.

• 2 hours synchronous classes run in real-time (Topic activity duration), with students (small groups) and instructors attending online or face-to-face at the same time.

Overview of Learning Resources

Various learning resources are available online through myRMIT /Canvas. In addition to topic notes; assessment details and a study schedule you may also be provided with links to relevant online information; readings; audio and video clips and communication tools to facilitate collaboration with your peers and to share information.

Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.

Additional resources and/or sources to assist your learning will be identified by your course coordinator will be made available to you as required during the teaching period.

Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 30%
Linked CLOs: 1, 3, 6

Assessment Task 2: 20%
Linked CLOs: 1, 3, 6

Assessment Task 3: 50%
Linked CLOs: 1, 2, 3, 4, 5, 6

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.