James Cook University Subject Handbook - 2023

BX3130 - Applied Financial Advising

Subject Description

This capstone unit applies the technical and legal requirements from the financial planning process including conducting an initial client interview, planning and constructing a comprehensive Statement of Advice and presenting a financial plan to a client. To provide students with a real-world experience akin to industry standards, the case studies and workshops employ authentic client scenarios, templates, instruments and financial planning software to develop solutions and advice. Financial planning practitioners will facilitate the workshops and provide hands-on supervision and guidance to assist students prepare for the challenges faced in a professional financial planning environment.

Learning Outcomes

• construct and present clients with a compliant comprehensive Statement of Advice
• analyse the professional, social and ethical responsibilities of a financial adviser and the Australian legal framework in which they operate
• demonstrate planning and communication skills in building client relationships an gathering client needs and objectives
• analyse and research complex client circumstances; research, construct and present a compliant comprehensive Statement of Advice using an ethical and professional approach
• source feedback on performance and reflect on progress in acquiring skills towards future professional practice

Subject Assessment

• 1. Statement of Advice Presentation (20%); 2. Statement of Advice (40%) - (60%) - Individual
• Written > Journal - (20%) - Individual
• 1. Initial Client Interview (10%); 2. Client Profile Book/Fact Finder (10%) - (20%) - Individual

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