Modification History
Release |
Comments |
Release 4 |
This version released with FNS Financial Services Training Package version 3.0 Release 4 created to update elective unit list |
Release 3 |
This version released with FNS Financial Services Training Package version 2.0 Release 3 created to update packaging rules, add elective units and correct typographical error |
Release 2 |
This version released with FNS Financial Services Training Package version 1.1 Release 2 created to correct typographical error |
Release 1 |
This Qualification first released with FNS Financial Services Training Package version 1.1 |
Qualification Description
This qualification is for financial planners who provide a range of standard financial planning services and individuals providing specialist para-planning services. Individuals in these roles require well-developed skills and a broad knowledge base of the financial planning sector and the ASIC regulatory framework. Individuals in these roles have autonomy in performing technical operations, apply solutions to a range of often complex problems, and analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others.
Licensing/Regulatory Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Entry Requirements
Nil.
Packaging Rules
Total number of units = 15
9 core units plus
6 elective units
The elective units consist of:
- 4 from the electives below
Of the remaining 2 units:
- up to 2 may be from the electives
- up to 2 may be from a Certificate IV, Diploma or Advanced Diploma in any currently endorsed training package or accredited course.
Note: Para-planners must select:
- FNSFPL508 Conduct complex financial planning research
The elective units chosen must be relevant to the work outcome and meet local industry needs.
Core Units
BSBITU402 Develop and use complex spreadsheets
FNSASICZ503* Provide advice in financial planning
FNSFPL501 Comply with financial planning practice ethical and operational guidelines and regulations
FNSFPL502 Conduct financial planning analysis and research
FNSFPL503 Develop and prepare financial plan
FNSFPL504 Implement financial plan
FNSFPL505 Review financial plans and provide ongoing service
FNSFPL506 Determine client financial requirements and expectations
FNSINC401 Apply principles of professional practice to work in the financial services industry
Elective Units
BSBCUS501 Manage quality customer service
BSBINM401 Implement workplace information system
BSBSMB405 Monitor and manage small business operations
BSBSUS501 Develop workplace policy and procedures for sustainability
FNSASIC301 Establish client relationship and analyse needs
FNSASIC302 Develop, present and negotiate client solutions
FNSASICQ503* Provide advice in first home saver market linked accounts
FNSASICU503* Provide advice in superannuation
FNSASICX503* Provide advice in life insurance
FNSASICY503* Provide advice in insurance broking
FNSCUS501 Develop and nurture relationships with clients, other professionals and third party referrers
FNSCUS502 Monitor client requirements
FNSCUS503 Review business performance
FNSCUS505 Determine client requirements and expectations
FNSCUS506 Record and implement client instructions
FNSFPL507 Provide financial planning advice
FNSFPL508 Conduct complex financial planning research
FNSIAD501 Provide appropriate services, advice and products to clients
FNSIBK403 Place client insurances with insurer and confirm insurance cover with clients
FNSIBK406 Deliver professional insurance broking services
FNSIBK507 Review service performance
FNSIBK508 Implement changes to broking client's insurance program
FNSIBK513 Prepare submission for new business
FNSIBK515 Monitor broking client requirements and establish loss control programs
FNSINC501 Conduct product research to support recommendations
FNSINC503 Identify situations requiring complex ethical decision making
FNSINC504 Apply ethical frameworks and principles to make and act upon decisions
*Note the following prerequisite unit requirements:
Unit in this qualification |
Prerequisite unit |
FNSASICZ503 Provide advice in financial planning |
FNSFPL501 Comply with financial planning practice ethical and operational guidelines and regulations FNSFPL502 Conduct financial planning analysis and research FNSFPL503 Develop and prepare financial plan FNSFPL504 Implement financial plan FNSFPL505 Review financial plans and provide ongoing service |
FNSASICQ503 Provide advice in first home saver market linked accounts |
FNSINC501 Conduct product research to support recommendations FNSIAD501 Provide appropriate services, advice and products to clients FNSCUS505 Determine client requirements and expectations FNSCUS506 Record and implement client instructions |
FNSASICU503A Provide advice in superannuation |
FNSINC501 Conduct product research to support recommendations FNSIAD501 Provide appropriate services, advices and products to clients FNSCUS505 Determine client requirements and expectations FNSCUS506 Record and implement client instructions |
FNSASICX503 Provide advice in life insurance |
FNSINC501 Conduct product research to support recommendations FNSIAD501 Provide appropriate services, advice and products to clients FNSCUS505 Determine client requirements and expectations FNSCUS506 Record and implement client instructions |
FNSASICY503 Provide advice in insurance broking |
FNSIBK406 Deliver professional insurance broking services FNSIBK508 Implement changes to broking client’s insurance program FNSIBK513 Prepare submission for new business |
Qualification Mapping Information
Code and title current version |
Code and title previous version |
Comments |
Equivalence status |
FNS50615 Diploma of Financial Planning (Release 4) |
FNS50615 Diploma of Financial Planning (Release 3) |
Updates to elective unit list |
Equivalent qualification |
Links
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe