Modification History
Release |
Comments |
Release 2 |
Advice relating to ASIC requirements removed from the qualification and reference made to the regulator and Regulatory advice held on the IBSA website. |
Release 1 |
This Qualification first released with FNS10 Financial Services Training Package version 2.0. BSBOHS303B Contribute to OHS hazard identification and risk assessment has been removed as not required. Packaging rule for this qualification have been changed to 9 core units and 6 electives. Replaces FNS50610 Diploma of Financial Planning. |
Description
This qualification is for financial planners who provide a range of standard financial planning services and individuals providing specialist para-planning services.
Pathways Information
Pathways into the qualification
Pathways for candidates entering this qualification include:
- Certificate IV in Financial Practice Support
Pathways from the qualification
The primary pathway from this qualification is employment as a financial para-planner providing advice to clients on financial products and services within the ASIC licensing framework for the sector.
A further learning pathway utilising qualifications such as Advanced Diploma of Financial Planning would support career progression.
Licensing/Regulatory Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. You should refer to the IBSA website (www.ibsa.org.au under Training Packages/Industry) or the relevant regulator for specific guidance on requirements.
Entry Requirements
Not applicable.
Employability Skills Summary
The following table contains a summary of the employability skills required by industry for this qualification. The employability skills facets described here are broad industry requirements that may vary depending on qualification packaging options.
Employability Skill |
Industry/enterprise requirements for this qualification include: |
Communication |
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Teamwork |
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Problem solving |
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Initiative and enterprise |
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Planning and organising |
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Self-management |
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Learning |
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Technology |
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Packaging Rules
15 units must be achieved:
9 core units
plus 6 elective units
4 elective units must be selected from the elective units listed below.
The remaining 2 elective units may be selected from the elective units listed below, any endorsed Training Package or accredited course. Elective units may be selected from a Certificate IV, Diploma or Advanced Diploma qualification.
Note : Para-planners must select the unit marked ‘*’.
Elective units must be relevant to the work outcome, local industry requirements and the qualification level.
Core units of competency:
FNSASICZ503A Provide advice in Financial Planning
FNSFPL501A Comply with financial planning practice ethical and operational guidelines and regulations
FNSFPL502A Conduct financial planning analysis and research
FNSFPL503A Develop and prepare financial plan
FNSFPL504A Implement financial plan
FNSFPL505A Review financial plans and provide ongoing service
FNSFPL506A Determine client requirements and expectations
FNSINC401A Apply principles of professional practice to work in the financial services industry
BSBITU402A Develop and use complex spreadsheets
Elective units of competency:
BSBCUS501B Manage quality customer service
BSBINM401A Implement workplace information system
FNSIBK403A Implement an agreed insurance program for a broking client
FNSIBK506A Monitor broking clients
FNSIBK507A Review broking client service performance
FNSIBK508A Implement changes to broking client's insurance program
FNSCUS505A Determine client requirements and expectations
FNSCUS506A Record and implement client instructions
BSBSMB405A Monitor and manage small business operations
BSBSUS501A Develop workplace policy and procedures for sustainability
FNSASIC301C Establish client relationship and analyse needs
FNSASIC302C Develop, present and negotiate client solutions
FNSASICQ503A Provide advice in First Home Saver Market Linked Accounts
FNSASICU503A Provide advice in Superannuation
FNSASICX503A Provide advice in Life Insurance
FNSASICY503A Provide advice in Insurance Broking
FNSFPL507A Provide financial planning advice
FNSFPL508A Conduct complex financial planning research*
FNSIAD501A Provide appropriate services, advice and products to clients
FNSCUS501A Develop and nurture relationships with clients, other professionals and third party referrers
FNSCUS502A Monitor client requirements
FNSCUS503A Review business performance
FNSINC501A Conduct product research to support recommendations