James Cook University Subject Handbook - 2020

BX3130 - Applied Financial Advising

Subject Description

This is a capstone subject that provides students completing the financial advising major with the opportunity to complete a project in the financial advising industry. Students will apply knowledge from their university study and conduct research to address a particular problem or issue in the Financial Advising Industry / sector. The project will be of a student's own design but developed in consultation with workplace supervisors and should assist in developing/improving workplace skills and contribute to industry improvement. It must be authentic and must involve work not already done in an existing paid role.

Learning Outcomes

• design a proposal in accordance with the financial advising process that aligns with the Financial Advisor Standards and Ethics Authority (FASEA) standards in a relevant industry project
• plan and communicate with clients effectively to develop a professional advisor relationship focused on a beneficial client outcome
• construct and present clients with a compliant comprehensive Statement of Advice
• source feedback on performance and reflect on improvement to future professional practice
• evaluate and implement client relationship building strategies through an ongoing review of the financial planning and advising process

Subject Assessment

• Initial Client Interview - (20%)
• Statement of Advice and Presentation - (60%)
• Reflective Journal - (20%)

Note that minor variations might occur due to the continuous subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.

Special Assessment Requirements

Access to workplace and workplace supervisor

Assumed Knowledge:  Obtained from previous financial advising subjects

Availabilities